OREANDA-NEWS. December 28, 209. For the week of December 14 – December 18, 2009 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,410.22 points (3.21%) from 1,366.36 points as of December 11, 2009. At the end of the week the RTS Index was 5.14% lower than a month ago (1,486.62 points as of November 18, 2009) and 111.01% higher than a year ago (668.31 points as of December 18, 2008).

Over the week the US dollar lost 0.61% against the Russian ruble.

Out of 50 RTSI constituents 30 were pushing the Index up (plus 51.51 points overall), 14 securities moved negatively (minus 7.65 points overall). The price for 7 securities remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus 14.06 points), Sberbank (plus 13.50 points) and OJSC "OC "Rosneft" (plus 6.33 points).

The negative impact was mainly coming from the falling prices for ordinary shares of OJSC Uralkali (minus 4.90 points).

Over 50% of the RTSI total capitalization continued to be concentrated in the oil and gas sector. The other large-weight sectors were finance (19.59%) and metallurgy (14.52%).

On the sector level the major positive contributors were the oil & gas sector (plus 27.85 points in total) followed by the banks & finance sector (plus 18.65 points overall) and the telecom sector (plus 1.85 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 275.1 billion rubles or 3.24 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 66.69% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 3.21%, March contracts (RTS-03.10) and June contracts (06.10) climbed 4.84% and 4.41%. respectively.

Last week December futures on the RTS Index were settled at 137,623 points. Delivery reached RUB3.538 billion or over USD117.7 million.

During the reviewed period RTSI linked futures went out of backwardation. By the end of the week March contracts were 9.61 points in contango. For June contracts contango stood at 8.81 points.

For the week investor’s open interest measured in contracts decreased by 12.47%.

Second-tier stocks

For the week of December 14 – December 18, 2009 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index added 1.79% to reach 1,395.81 points (1,371.30 points as of December 11, 2009). At the end of the week the RTS-2 Index was 2.14% higher than a month ago (1,366.55 points as of November 18, 2009), and 150.74% higher than a year ago (556.68 points as of December 18, 2008).

32 constituents out of 71 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 43.53 points overall), 19 instruments moved negatively (minus 19.03 points). The price for 19 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "INTER RAO UES" (plus 6.27 points), OJSC Sibirtelekom (plus 4.07 points) and OJSC "Uralsvyazinform" (plus 2.95 points).

The negative impact was mainly due to the falling prices for ordinary shares of OJSC "Magnit" (minus 9.05 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (27.1%), followed by the consumer goods & trading sector (16.6%) and the telecom sector (14.3%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: telecom (plus 20.84 points in total) followed by power (plus 7.48 points overall) and metals & mining (plus 2.57 points in total).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Week

RTS Index

1410,22

3,21%

-5,14%

13,22%

111,01%

RTS-2 Index

1395,81

1,79%

2,14%

21,21%

150,74%

RTS Oil & Gas Index

181,71

3,89%

-8,18%

4,49%

77,78%

RTS Consumer & Retail Index

239,13

-1,19%

2,59%

15,44%

211,98%

RTS Metals & Mining Index

226,73

0,62%

-4,43%

16,73%

135,61%

RTS Industrial Index

137,58

-0,30%

-0,38%

9,75%

116,19%

RTS Electric Utilities Index

205,26

0,76%

-6,36%

17,26%

120,00%

RTS Telecom Index

177,19

8,22%

1,18%

12,55%

92,03%

RTS Finances Index

365,55

4,33%

-2,31%

19,69%

117,00%

Last week most of the key economy sectors represented on the Russian stock market demonstrated positive dynamics.

The US dollar depreciated by 0.61% against the Russian ruble to reach 30.44 rubles per US dollar (30.63 rubles as of December 11, 2009).

The largest growth was shown by the telecom sector. The RTS Telecom Index gained 8.22%. A significant increase was also demonstrated by the financial and oil & gas sectors, with the RTS Finances Index adding 4.33% and the RTS Oil & Gas Index climbing 3.89%.

A decline was reported by the consumer & retail sector and the industrial sector, with the RTS Consumer & Retail Index shedding 1.19% and the RTS Industrial Index losing 0.30%.