OREANDA-NEWS. June 09, 2010. In May 2010 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,384.59 points (11.97%) from 1,572.48 points as of April 30, 2010. At the end of the month the RTS Index was 27.31% higher than a year ago (1,087.59 points as of May 29, 2009).

In March the US dollar gained 4.12% against the Russian ruble.

Out of 50 RTSI constituents 44 were pulling the Index down (down 190.62 points overall), whereas 4 securities had a positive impact (plus 2.37 points in total). The price for 2 securities remained unchanged.

The negative effect leaders were ordinary shares of †п†б†п "LUKOIL" (down 31.9 points), Sberbank (down 29.69 points) and Gazprom (down 24.3 points).

The positive impact was mainly related to the growing prices for ordinary shares of JSC "Polymetal" (plus 1.16 points).

Fifty per cent of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were metallurgy (17.0%) and finance (16.5%).

On the sector level the major negative contributors were the oil & gas sector (down 88.99 points in total) followed by the banks & finance sector (down 36.32 points in total) and the metals & mining sector (down 32.05 points overall).

RTSI Futures Contract

In May 2010 the trading volume in the RTSI derivatives amounted to 2,166.82 billion rubles or 25.73 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 72.63% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 11.97%, June contracts (RTS-06.10) and September contracts (09.10) shed 10.91% and 10.75% respectively.

During the reviewed period RTSI linked futures were mainly trading below the spot. By the end of the week June contracts were 14.76 points in backwardation, while for September contracts backwardation stood at 13.81 points.

For the month investorЎ¦s open interest measured in contracts increased by 28.99%.

The RTS Standard Index

In May 2010 the ruble RTS Standard Index showed a negative trend.

The RTS Standard Index went down by 6.74% to 9,150.58 points (9,811.96 points as of April 30, 2010). At the end of the week the RTS Standard Index was 22.05% higher than a year ago (7,497.44 points as of May 29, 2009).

Out of 15 constituents 13 had a negative impact on the RTS Standard Index (down 682.50 points overall). Two securities moved positively (plus 21.12 points).

The negative effect leaders were ordinary shares of †п†б†п "LUKOIL" (down 158.4 points), Sberbank (down 150.57 points) and OJSC "MMC "NORILSK NICKEL" (down 118.96 points).

The positive impact was mainly related to the growing prices for ordinary shares of OJSC "Polyus Gold" (plus 16.47 points).

Out of the blue chips the top fallers were preferred shares of Surgutneftegas that lost 15.17%, ordinary shares of JSC "Severstal" that shed 11.39% and ordinary shares of OJSC "MMC "NORILSK NICKEL" that went down by 10.84%.

The largest growth was demonstrated by ordinary shares of OJSC "Polyus Gold" that gained 16.47%.

The oil & gas sector accounted for 56.62% of the RTS Standard IndexЎ¦ total capitalization. The other large-weight sectors were finance (20.29%) and metallurgy (14.54%).

Tickers

Stocks

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

LKOHS

LUKOIL, ordinary

17.45%

14.12%

GAZPS

Gazprom, ordinary

17.38%

14.07%

SBERS

Sberbank, ordinary

15.62%

12.64%

SBERPS

Sberbank, preferred

1.42%

1.15%

GMKNS

NORILSK NICKEL, ordinary

10.70%

8.66%

ROSNS

Rosneft, ordinary

10.12%

8.19%

SNGSS

Surgutneftegas, ordinary

7.12%

5.76%

SNGSPS

Surgutneftegas, preferred

2.00%

1.62%

HYDRS

RusHydro, ordinary

3.77%

3.05%

VTBRS

VTB Bank, ordinary

3.25%

2.63%

TATNS

Tatneft, ordinary

2.54%

2.06%

URKAS

Uralkali, ordinary

2.43%

1.97%

PLZLS

Polyus Gold, ordinary

2.38%

1.93%

FEESS

FSG UES, ordinary

2.35%

1.91%

CHMFS

Severstal, ordinary

1.46%

1.18%

Total

100.00%

 

80.92%

Second-tier Stocks

In May 2010 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 14.71% to reach 1,640.09 points (1,922.99 points as of April 30, 2010). At the end of the week the RTS-2 Index was 91.20% higher than a year ago (857.80 points as of May 29, 2009).

63 constituents out of 72 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (down 297.69 points overall), 4 instruments moved positively (plus 14.80 points). The price for 3 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of OAO Raspadskaya (down 28.08 points), ordinary shares of PJSC "NCSP" (down 20.33 points) and ordinary shares of JSC "IDGC Holding" (down 19.57 points).

The positive impact was mainly due to the growing prices for ordinary shares of JSC "Polymetal" (plus 9.37 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (29.1%), followed by the consumer goods & trading sector (16.5%) and telecom sector (14.5%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 72.3 points in total) followed by telecom (down 44.70 points overall) and metallurgy (down 33.26 points in total).

The RTS Family of Indices

 

Last Value

Change over (Period), %

Max

Min

Index

Month

Quarter

Year

Value            Date

Value            Date

RTS Index

1,384.59

-11.97%

-1.86%

27.31%

1,517.83    04.05.2010

1,226.57    25.05.2010

RTS Standard Index

9,150.58

-6.74%

-0.04%

22.05%

9,579.54    12.05.2010

8,176.05    25.05.2010

RTS-2 Index

1,640.09

-14.71%

4.33%

91.20%

1,902.56    04.05.2010

1,560.41    25.05.2010

RTS Oil & Gas Index

168.80

-11.29%

-3.08%

5.11%

184.39    04.05.2010

146.90    25.05.2010

RTS Consumer & Retail Index

276.62

-12.83%

7.88%

76.31%

312.84    04.05.2010

264.89    25.05.2010

RTS Metals & Mining Index

259.87

-10.12%

3.39%

58.89%

280.04    04.05.2010

239.28    25.05.2010

RTS Industrial Index

138.98

-15.54%

-5.72%

68.73%

162.99    04.05.2010

136.41    25.05.2010

RTS Electric Utilities Index

248.82

-11.51%

11.94%

72.84%

274.47    04.05.2010

224.32    25.05.2010

RTS Telecom Index

192.61

-15.77%

-7.77%

61.56%

226.71    04.05.2010

183.24    25.05.2010

RTS Finances Index

334.84

-18.61%

-14.66%

47.62%

394.62    04.05.2010

298.51    25.05.2010

In May 2010 all the key economy sectors represented on the Russian stock market demonstrated negative dynamics.

The US dollar appreciated by 4.12% against the Russian ruble to reach 30.50 rubles per US dollar (29.29 rubles as of April 30, 2010).

The largest decline was shown by the financial sector. The RTS Finances Index fell 18.61%. A significant decrease was also demonstrated by the telecom sector, with the RTS Telecom Index shedding 15.77%.

The slightest decline was seen in the metals & mining sector, with the RTS Metals & Mining Index shrinking by 10.12%.

Index

Number of constituents

MC of constituent companies, USD mln

Combined MC,

free-float

adjusted, USD

mln

Share of

total MC,

%

Total

Average

Max

†нin

RTS Index

50

624,914.87

12,498.30

122,610.80

526.05

143,434.23

84.64%

RTS Standard Index

15

459,239.74

30,615.98

124,136.97

1,828.13

117,523.84

62.20%

RTS-2 Index

70

93,951.47

1,342.16

7,740.83

85.15

20,977.99

12.72%

RTS Oil & Gas Index

12

335,197.58

27,933.13

122,610.80

324.52

60,597.20

45.40%

RTS Consumer & Retail Index

11

16,057.41

1,459.76

7,740.83

195.05

2,203.42

2.17%

RTS Metals & Mining Index

12

103,553.94

8,629.50

31,042.64

199.98

16,605.92

14.02%

RTS Industrial Index

9

5,696.46

632.94

1,785.33

85.15

822.43

0.77%

RTS Electric Utilities Index

15

63,704.53

4,246.97

14,587.83

529.01

13,142.46

8.63%

RTS Telecom Index

12

23,470.69

1,955.89

14,850.28

142.71

3,041.64

3.18%

RTS Finances Index

9

81,980.79

9,108.98

49,710.86

119.35

2,295.71

11.10%