OREANDA-NEWS. February 08, 2010. In January 2010 the Russian stock market showed multidirectional dynamics.

For the last month the RTS Index increased by 2.02% to 1473.81 points (1444.61 points on 31 December). Besides, by the end of January RTSI was 175.46% higher compared to its closing level one year ago (535.04 points on 30 January 2009). The U.S. Dollar increased by 0.39% against the Ruble in January.

In January 2010 33 stocks, out of RTSI’s total 50 constituents, had a positive impact on the Index (plus 53.12 index points), 17 securities moved negatively (minus 23.92 points).

The most positive impact came from the price increase of ordinary shares of JSC “Sberbank Rossii” (plus 14.08 points), JSC “GMK Norilsk Nickel” (plus 10.70 points), JSC “RusHydro” (plus 4.22 points).

The negative effect leader was JSC “NK Rosneft” (minus 9.28 points).

49.30% of the RTSI total capitalization was encompassed by the Oil & Gas Sector. The other large-weight sectors were Finance (20.5%) and Metallurgy (15.2%).

The major contribution to the increase of RTSI in January had a substantive effect on the securities of the Banks & Finance Sector (plus 16.93 points), the Metals & Mining Sector (plus 15.07 points) and the Power Sector (plus 10.00 points).

RTSI Futures Contract

Trading in RTSI-linked derivatives amounted to RUR 1024.6 billion or 11.3 million contracts in January 2010. Futures based on RTSI remained the most liquid derivative contracts making up 76.73% of the total FORTS (Futures and Options on the RTS) turnover in cash terms.

With an RTSI increase of 2.02%, the March contracts (RTS-03.10) increased by 0.74% and the June contracts (RTS-06.10) by 1.92 %.

RTSI-based futures traded above the spot price during this month. By the time of execution, the March contracts were in contango at 7.37 points, and the June contracts were higher than the main indicator by 6.27 points.

Investor’s open interest in the RTSI-based futures measured in contracts increased by 47.27% compared to the end of December.

The RTS Standard Index

In January 2010 the RTS Standard Index showed multidirectional dynamics

The RTS Standard Index increased by 2.70% to 9827.37 points (9568.83 points on 31 December). By the end of the month the RTS Standard Index was 135.49% higher compared to its closing level a year ago (4173.08 points on 30 January 2009).

In January 2010 10 stocks, out of the RTS Standard Index total 15 constituents, had a positive impact on its dynamics (plus 373.12 index points), 5 securities moved negatively (minus 115.67 points).

The most positive impact came from the price increase of ordinary shares of JSC “Sberbank Rossii” (plus 127.88 points), JSC “GMK Norilsk Nickel” (plus 93.45 points), JSC “RusHydro” (plus 36.15 points).

Most of the negative impact was related to the falling prices of ordinary shares of JSC “NK Rosneft” (minus 66.08 points).

Among the blue chips that demonstrated the largest growth in prices for their ordinary shares were JSC “Severstal”, the price increase of its shares made up 32.04%, JSC “RusHydro” – 15.07%, and JSC “GMK Norilsk Nickel” – 11.05%

The falling prices were demonstrated by the ordinary shares of JSC “Polyus Gold”, its shares lost 6.38%

54.72% of the RTSI total capitalization was found within the Oil & Gas Sector. The other large-weight sectors were Finance (24.63%) and Metallurgy (13.18%).

Ticker

Stock

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

SBERS

Sberbank, ordinary

 

19,63%

16,29%

SBERPS

Sberbank, preferred

 

1,87%

1,55%

GAZPS

Gazprom

 

17,95%

14,90%

LKOHS

LUKOIL

 

16,12%

13,37%

ROSNS

Rosneft

 

10,00%

8,30%

GMKNS

NORILSK NICKEL

 

9,56%

7,93%

SNGSS

Surgutneftegas, ordinary

 

6,10%

5,06%

SNGSPS

Surgutneftegas, preferred

 

2,08%

1,72%

VTBRS

VTB Bank

 

3,12%

2,59%

URKAS

Uralkali

 

2,57%

2,12%

HYDRS

RusHydro

 

2,81%

2,33%

TATNS

Tatneft

 

2,48%

2,06%

PLZLS

Polyus Gold

 

2,26%

1,87%

FEESS

FGC UES

 

2,09%

1,74%

CHMFS

Severstal

 

1,37%

1,13%

Total

 

 

100,00%

82,96%

Second-tier Stocks

In January 2010 the second-tier shares showed positive price dynamics.

The RTS-2 Index for the past month grew by 5.38% to 1504.12 (1427.28 on 31 December). As of the end of January RTS-2 was 243.52% higher compared to its closing level one year ago (437.86 points on 30 January 2009).

Out of 70 constituent stocks on the RTS-2 Index, 44 had a positive impact on its dynamics (plus 101.46 index points), and 15 had a negative impact (minus 24.62 points). The price of 11 stocks remained unchanged.

Most of the positive impact on the RTS-2 Index came from growing prices of ordinary shares of JSC “Holding MRSK” (plus 18.36 points), JSC “Raspadskaya” (plus 10.38), and JSC “OGK-4” (plus 6.81).

Most of the negative impact on the RTS-2 Index was coming from declining prices of ordinary shares of JSC “NMTP” (minus 6.98 points).

In terms of weight in RTS-2 Index, the following Sectors were the largest: the Power Sector (28.0%), the Consumer Goods & Trading Sector (15.9%) and the Telecommunications Sector (15.2%).

The largest contribution to the growing RTS-2 in January made securities of Power (overall plus 44.19 points), Metallurgy (14.46 points), and Oil & Gas (plus 8.49 points).

The RTS Family of Indices

The majority of the sectors represented on the Russian stock market demonstrated positive dynamics.

In January the U.S. Dollar gained 0.39% against the Russian Ruble – to RUR30.36/\\$ (30.24 on 31 December 2009).

The Power Sector experienced the largest growth: the RTSI – Power went up by 10.74%. A significant increase was demonstrated by the Banks & Finance Sector, with the RTSI – Finance gaining 7.28%.

The largest decline was reported by the Oil & Gas Sector. The RTSI – Oil & Gas decreased by 1.98%.