OREANDA-NEWS. June 23, 2010. For the week of June 15 – June 18, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,409.43 points (3.88%) from 1,356.79 points as of June 11, 2010. At the end of the week the RTS Index was 2.05% lower than a month ago (1,438.94 points as of May 18, 2010) and 41.27% higher than a year ago (997.68 points as of June 18, 2009).

Over the week the US dollar lost 1.23% against the Russian ruble.

Out of 50 RTSI constituents 35 were pushing the Index upwards (plus 55.13 points overall), whereas 6 securities behaved negatively (down 2.78 points in total). The price for 9 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 23.39 points) and Gazprom (plus 8.49 points).

The negative impact was mainly related to the falling prices for ordinary shares of OJSC "OC "Rosneft" (down 2.06 points) and JSC Gazprom Neft (down 0.33 points).

In the oil and gas sector 49.65% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (18.70%) and metallurgy (15.35%).

On the sector level the major positive contributor was the banks & finance sector (plus 27.63 points in total), whereas the largest negative contributor was the water transporting sector (down 0.13 points overall).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 365.59 billion rubles or 4.02 million contracts. Futures contracts on the RTS Index made up 75.59% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 3.88%, September contracts (RTS-09.10) and December contracts (12.10) went up by 4.16% and 3.90% respectively.

Last week RTSI linked futures were mainly trading below the spot. September contracts closed 5.75 points in backwardation, while for December contracts backwardation stood at 4.85 points.

For the week the total investor’s open interest measured in contracts increased by 5.58%.

The RTS Standard Index

For the week of June 15 – June 18, 2010 the ruble RTS Standard Index showed an uptrend.

The RTS Standard Index went up by 2.27% to 9,411.28 points (9,202.08 points as of June 11, 2010). At the end of the week the RTS Standard Index was 0.82% higher than a month ago (9,334.58 points as of May 18, 2010) and 37.96% higher than a year ago (6,821.60 points as of June 11, 2009).

Out of 15 constituents 10 had a positive impact on the RTS Standard Index (plus 292.54 points overall). Five securities moved negatively (down 85.77 point).

The positive effect leaders were ordinary shares of Sberbank (plus 162.83 points) and Gazprom (plus 39.28 points).

The negative impact was due to the declining prices for ordinary shares of OJSC "OC "Rosneft" (down 32.36 points).

Out of the blue chips the top risers were ordinary shares of Sberbaml that gained 10.59% and ordinary shares of "FGC UES", JSC that added 9.61%.

The largest decline was demonstrated by ordinary shares of OJSC "OC "Rosneft" that lost 3.84%.

The oil & gas sector accounted for 55.71% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (22.79%) and metallurgy (13.29%).

Ticker

Stock

LUKOIL, ordinary

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

LKOHS

18.34%

14.99%

SBERS

Sberbank, ordinary

18.07%

14.77%

SBERPS

Sberbank, preferred

1.50%

1.23%

GAZPS

Gazprom, ordinary

17.79%

14.54%

GMKNS

NORILSK NICKEL, ordinary

9.77%

7.98%

ROSNS

Rosneft, ordinary

8.62%

7.04%

SNGSS

Surgutneftegaz, ordinary

6.67%

5.45%

SNGSPS

Surgutneftegaz, preferred

1.83%

1.50%

HYDRS

RusHydro, ordinary

3.75%

3.07%

VTBRS TATNS

VTB Bank, ordinary Tatneft, ordinary

3.22% 2.47%

2.64% 2.02%

URKAS

Uralkali, ordinary

2.30%

1.88%

PLZLS

Polyus Gold, ordinary

2.28%

1.86%

FEESS

FGS UES, ordinary

2.15%

1.76%

CHMFS

Severstal, ordinary

1.25%

1.02%

Total

 

100.00%

81.75%

Second-tier stocks

For the week of June 15 – June 18, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 1.52% to reach 1,673.18 points (1,648.16 points as of June 11, 2010). At the end of the week the RTS-2 Index was 2.73% lower than a month ago (1,720.06 points as of May 18, 2010), and 85.61% higher than a year ago (901.43 points as of June 18, 2009).

20 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 30.93 points overall), 11 instruments pulled the Index downwards (down 5.91 points). The price for 39 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "IDGC Holding" (plus 3.06 points), ordinary shares of JSC "Pharmstandard" (plus 2.96 points) and ordinary shares of OAO Raspadskaya (plus 2.91 points).

The negative impact was mainly due to the falling prices for ordinary shares of PJSC "NCSP" (down 1.03 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (31.4%), followed by the consumer goods & trading sector (15.9%) and metals & mining sector (13.2%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 14.87 points in total) followed by consumer goods & trading (plus 5.14 points overall) and metals & mining (plus 3.71 points in total).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,409.43

3.88%

-2.05%

-9.58%

41.27%

RTS Standard Index

9,411.28

2.27%

0.82%

-4.75%

37.96%

RTS-2 Index

1,673.18

1.52%

-2.73%

-4.38%

85.61%

RTS Oil & Gas Index

169.54

1.41%

-2.59%

-9.21%

18.52%

RTS Consumer & Retail Index

288.14

3.01%

-0.28%

0.91%

79.89%

RTS Metals & Mining Index

244.68

2.08%

-7.90%

-11.55%

56.90%

RTS Industrial Index

140.87

0.00%

-5.84%

-10.47%

58.41%

RTS Electric Utilities Index

249.33

7.23%

-2.64%

-3.15%

61.79%

RTS Telecom Index

197.64

0.99%

-1.49%

-9.85%

59.96%

RTS Finances Index

338.11

4.72%

-6.19%

-21.13%

54.49%

RTS Siberia Index

791.64

-4.09%

-10.15%

-11.06%

49.04%

For the week the RTS Index gained 3.88% to reach 1,409.43 points (1.356.79 points as of June 11, 2010), whereas the RTS Standard Index (blue chips index) added 2.27% to end up at 9,411.28 points (9,202.08 points as of June 11, 2010).

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

The largest growth was shown by the power sector. The RTS Electric Utilities Index went up by 7.23%. A significant increase was also demonstrated by the financial and consumer & retail sectors, with the RTS Finances Index and RTS Consumer & Retail Index climbing 4.72% and 3.01% respectively.

The regional RTS Siberia Index lost 4.09%.

The US dollar depreciated by 1.23% against the Russian ruble to reach 31.19 rubles per US dollar (31.57 rubles as of June 11, 2010).