OREANDA-NEWS. January 22, 2010. For the week of January 11 ЎV January 15, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,559.25 points (7.94%) from 1,444.61 points as of December 31, 2009. At the end of the week the RTS Index was 11.67% higher than a month ago (1,396.32 points as of December 15, 2009) and 173.98% higher than a year ago (569.12 points as of January 15, 2009).

Over the week the US dollar lost 2.69% against the Russian ruble.

Out of 50 RTSI constituents 45 were pushing the Index up (plus 114.63 points overall). The price for 5 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 19.39 points), OJSC "MMC "NORILSK NICKEL" (plus 17.93 points) and OJSC "OC "Rosneft" (plus 10.55 points).

Over 49.81% of the RTSI total capitalization continued to be concentrated in the oil and gas sector. The other large-weight sectors were finance (19.84%) and metallurgy (15.55%).

On the sector level the major positive contributors were the oil & gas sector (plus 36.53 points in total) followed by the metals & mining sector (plus 33.71 points overall) and the banks & finance sector (plus 23.82 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 217.1 billion rubles or 2.37 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 75.36% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 7.94%, March contracts (RTS-03.10) and June contracts (06.10) climbed 5.77% and 6.75% respectively.

During the reviewed period RTSI linked futures went out of contango. By the end of the week March contracts were 3.91 points in backwardation, while June contracts were 8.41 points in backwardation.

For the week investorЎ¦s open interest measured in contracts grew by 34.23%.

Second-tier stocks

For the week of January 11 ЎV January 15, 2010 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index added 7.88% to reach 1,535.79 points (1,427.28 points as of December 31, 2009). At the end of the week the RTS-2 Index was 11.60% higher than a month ago (1,379.77 points as of December 15, 2009), and 198.39% higher than a year ago (516.04 points as of January 15, 2009).

42 constituents out of 70 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 113.06 points overall), 3 instruments moved negatively (minus 0.55 points). The price for 25 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "IDGC Holding" (plus 22.08 points), OAO Raspadskaya (plus 14.97 points) and JSC "INTER RAO UES" (plus 7.70 points).

The negative impact was mainly due to the falling prices for ordinary shares of ИуИоИу "Pharmacy Chain 36,6" (minus 0.36 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (27.3%), followed by the consumer goods & trading sector (15.9%) and the telecom sector (15.0%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 44.01 points in total) followed by metals & mining (plus 28.05 points overall) and telecom (plus 9.56 points in total).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,559.25

7.94%

11.67%

8.71%

173.98%

RTS-2 Index

1,539.79

7.88%

11.60%

17.29%

198.39%

RTS Oil & Gas Index

195.55

5.12%

9.09%

-1.42%

122.87%

RTS Consumer & Retail Index

249.87

3.50%

2.63%

11.47%

238.58%

RTS Metals & Mining Index

265.15

15.80%

16.64%

20.12%

228.44%

RTS Industrial Index

141.72

4.96%

4.14%

5.75%

159.70%

RTS Electric Utilities Index

227.22

11.22%

10.40%

9.35%

188.72%

RTS Telecom Index

198.11

4.10%

18.04%

19.56%

137.06%

RTS Finances Index

402.28

8.84%

13.49%

11.86%

174.99%

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

The US dollar depreciated by 2.69% against the Russian ruble to reach 29.43 rubles per US dollar (30.24 rubles as of December 31, 2009).

The largest growth was shown by the metals & mining sector. The RTS Metals & Mining Index gained 15.80%. A significant increase was also demonstrated by the power and financial sectors, with the RTS Electric Utilities Index adding 11.22% and the RTS Finances Index climbing 8.84%.