OREANDA-NEWS. March 25, 2010. For the week of March 15 – March 19, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,544.71 points (0.65%) from 1,534.68 points as of March 12, 2010. At the end of the week the RTS Index was 8.54% higher than a month ago (1,423.13 points as of February 19, 2010) and 122.36% higher than a year ago (694.69 points as of March 19, 2009).

Over the week the US dollar lost 1.01% against the Russian ruble.

Out of 50 RTSI constituents 27 were pushing the Index upwards (plus 27.80 points overall), whereas 12 securities behaved negatively (down 17.77 points in total). The price for 11 securities remained unchanged.

The positive effect leaders were ordinary shares of "LUKOIL" (plus 11.70 points), Surgutneftegas (plus 5.98 points) and JSC Gazprom Neft (plus 1.49 points).

The negative impact was mainly related to the falling prices for ordinary shares of Gazprom (down 7.44 points).

Over 49.53% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (18.86%) and metallurgy (16.05%).

On the sector level the major positive contributors were the oil & gas sector (plus 6.53 points in total) followed by the power sector (plus 3.27 points overall) and the metals & mining sector (plus 1.56 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 337.8 billion rubles or 3.75 million contracts. Futures contracts on the RTS Index made up 76.54% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 0.65%, June contracts (RTS-06.10) and September contracts (09.10) went up by 0.32% and 0.43% respectively.

On March 15, 2010, March contracts on the RTS Index were settled. The final settlement price for the RTS Index futures was calculated on March 12, 2010. It reached 153,890 points.

Last week RTSI linked futures were mainly trading below the spot. June contracts closed 14.52 points in backwardation, while for September contracts backwardation stood at 13.92 points.

The RTS Standard Index

For the week of March 15 – March 19, 2010 the ruble RTS Standard Index showed an uptrend.

The RTS Standard Index went up by 0.26% to 9,786.52 points (9,760.81 points as of March 12, 2010). At the end of the week the RTS Standard Index was 4.64% higher than a month ago (9,352.65 points as of February 19, 2010) and 82.01% higher than a year ago (5,376.98 points as of March 19, 2009).

Out of 15 constituents 7 had a positive impact on the RTS Standard Index (plus 160.47 points overall). Eight securities moved negatively (down 134.77 points).

The positive effect leaders were ordinary shares of "LUKOIL" (plus 90.76 points), Surgutneftegas (plus 46.36 points) and OJSC "Polyus Gold" (plus 9.44 points).

The negative impact was due to the declining prices for ordinary shares of Gazprom (down 57.60 points).

Out of the blue chips the top risers were ordinary shares of Surgutneftegas that gained 7.89%, ordinary shares of "LUKOIL" that added 5.39% and ordinary shares of OJSC "Polyus Gold" that went up by 4.44%.

The largest decline was demonstrated by ordinary shares of OJSC "OC "Rosneft" that lost 4.03%.

The oil & gas sector accounted for 55.78% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (22.95%) and metallurgy (13.63%).

Ticker

Stock

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

LKOHS

LUKOIL, ordinary

 

18.12%

14.82%

SBERS

Sberbank, ordinary

18.08%

14.78%

SBERPS

Sberbank, preferred

1.64%

1.34%

GAZPS

Gazprom, ordinary

16.97%

13.88%

GMKNS

NORILSK NICKEL, ordinary

9.90%

8.09%

ROSNS

Rosneft, ordinary

9.50%

7.76%

SNGSS

Surgutneftegas, ordinary

6.48%

5.30%

SNGSPS

Surgutneftegas, preferred

2.28%

1.86%

VTBRS

VTB Bank, ordinary

3.23%

2.65%

HYDRS

RusHydro, ordinary

3.04%

2.49%

TATNS

Tatneft, ordinary

2.44%

1.99%

URKAS

Uralkali,ordinary

2.43%

1.99%

PLZLS

Polyus Gold, ordinary

2.27%

1.85%

FEESS

FGC UES, ordinary

2.17%

1.77%

CHMFS

Severstal, ordinary

1.46%

1.20%

Total

 

 

100.00%

81.78%

Second-tier stocks

For the week of March 15 – March 19, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 2.76% to reach 1,751.63 points (1,704.55 points as of March 12, 2010). At the end of the week the RTS-2 Index was 14.33% higher than a month ago (1,532.05 points as of February 19, 2010), and 267.50% higher than a year ago (476.64 points as of March 19, 2009).

36 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 52.95 points overall), 8 instruments pulled the Index downwards (down 5.88 points). The price for 26 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of OAO Raspadskaya (plus 6.71 points), ordinary shares of OJSC "Magnit" (plus 5.22 points) and ordinary shares of JSC "INTER RAO UES" (plus 4.98 points).

The negative impact was mainly due to the falling prices for ordinary shares of V.Bank (down 3.25 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (29.5%), followed by the consumer goods & trading sector (15.3%) and telecom sector (14.8%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 23.15 points in total) followed by consumer goods & trading (plus 7.89 points overall) and telecom (plus 7.44 points in total).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,544.71

0.65%

8.54%

9.54%

122.36%

RTS Standard Index

9,786.52

0.26%

4.64%

2.63%

82.01%

RTS-2 Index

1,751.63

2.76%

14.33%

25.49%

267.50%

RTS Oil & Gas Index

185.95

0.83%

5.38%

2.33%

64.30%

RTS Consumer & Retail Index

286.75

2.57%

12.79%

19.91%

257.86%

RTS Metals & Mining Index

275.22

0.85%

10.71%

21.39%

169.16%

RTS Industrial Index

157.18

1.45%

8.69%

14.25%

341.02%

RTS Electric Utilities Index

255.89

2.87%

18.96%

24.67%

280.11%

RTS Telecom Index

218.97

2.55%

7.96%

23.58%

147.17%

RTS Finances Index

423.18

-1.08%

7.40%

15.77%

237.38%

For the week the RTS Index gained 0.65% to reach 1,544.71 points (1.534.68 points as of March 12, 2010), whereas the RTS Standard Index (blue chips index) added 0.26% to end up at 9,786.52 points (9,760.81 points as of March 12, 2010)

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

The US dollar depreciated by 1.01% against the Russian ruble to reach 29.22 rubles per US dollar (29.52 rubles as of March 12, 2010).

The largest growth was shown by the power sector. The RTS Electric Utilities Index went up by 2.87%. A significant increase was also demonstrated by the consumer & retail sector, with the RTS Consumer & Retail Index climbing 2.57%.

A decline was reported by the financial sector, with the RTS Finances Index going down by 1.08%.