OREANDA-NEWS. August 17, 2010. For the week of August 9-13, 2010 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,445.37 points (4.27%) from 1,509.85 points as of August 6, 2010. At the end of the week the RTS Index was 2.54% higher than a month ago (1,409.61 points as of July 13, 2010) and 37.06% higher than a year ago (1,054.57 points as of August 13, 2009).

Over the week the US dollar added 1.98% against the Russian ruble.

Out of 50 RTSI constituents 29 were pulling the Index down (down 65.39 points overall), whereas 5 securities had a positive impact (plus 0.92 points in total). The price for 16 securities remained unchanged.

The negative effect leaders were ordinary shares of Gazprom (down 12.62 points) and ИуИоИу "LUKOIL" (down 11.44 points).

The positive impact was mainly related to the growing prices for ordinary shares of JSC "RusHydro" (plus 0.45 points).

Over 49.26% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (18.67%) and metallurgy (15.49%).

On the sector level the major negative contributors were the oil & gas sector (down 39.59 points in total) followed by the banks & finance sector (down 14.16 points overall).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 415.1 billion rubles or 4.68 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 71.46% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 4.27%, September contracts (RTS-09.10) and December contracts (12.10) shed 4.65% and 4.60% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week September contracts were 13.92 points in backwardation, while for December contracts backwardation stood at 13.27 points.

For the week investorЎ¦s open interest measured in contracts decreased by 4.85%.

The RTS Standard Index

For the week of August 9-13, 2010 the RTS Standard Index demonstrated a negative trend.

The RTS Standard Index went down by 2.23% to 9,449.48 points (9,664.52 points as of August 6, 2010). At the end of the week the RTS Standard Index was 0.76% higher than a month ago (9,378.66 points as of July 13, 2010) and 27.24% higher than a year ago (7,426.24 points as of August 13, 2009).

Out of 15 constituents 12 had a negative impact on the RTS Standard Index (down 236.57 points overall). Three securities moved positively (plus 21.52 points).

The negative effect leaders were ordinary shares of Gazprom (GAZPS) (down 57.03 points) and ИуИоИу "LUKOIL" (down 46.99 points). The positive impact was mainly due to the growing prices for ordinary shares of JSC "RusHydro" (plus 11.72 points).

Out of the blue chips the top fallers were ordinary shares of Surgutneftegas (SNGSS) that lost 5.47%, ordinary shares of JSC "Severstal" that went down by 5.21%.

The week's blue chips top risers were ordinary shares of JSC "RusHydro" (HYDRS) that gained 3.66%.

The oil & gas sector accounted for 55.36% of the RTS Standard IndexЎ¦ total capitalization. The other large-weight sectors were finance (22.91%) and metallurgy (13.33%).

Ticker

Stock

 

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

LKOHS

LUKOIL, ordinary

18.25%

14.83%

SBERS

Sberbank, ordinary

18.11%

14.72%

SBERPS

Sberbank, preferred

1.51%

1.22%

GAZPS

Gazprom, ordinary

17.92%

14.56%

GMKNS

NORILSK NICKEL, ordinary

9.90%

8.05%

ROSNS

Rosneft, ordinary

8.28%

6.73%

SNGSS

Surgutneftegas, ordinary

6.62%

5.38%

SNGSPS

Surgutneftegas, preferred

1.84%

1.49%

HYDRS

RusHydro, ordinary

3.52%

2.86%

VTBRS

VTB Bank, ordinary

3.29%

2.67%

URKAS

Uralkali, ordinary

2.70%

2.20%

TATNS

Tatneft, ordinary

2.45%

1.99%

FEESS

FGS UES, ordinary

2.18%

1.77%

PLZLS

Polyus Gold, ordinary

2.05%

1.66%

CHMFS

Total

Severstal, ordinary

1.38%

100.00%

1.13%

81.27%

Second-tier stocks

For the week of August 9-13, 2010 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 0.44% to reach 1,764.34 points (1,722.05 points as of August 6, 2010). At the end of the week the RTS-2 Index was 9.63% higher than a month ago (1,609.40 points as of July 13, 2010), and 89.29% higher than a year ago (932.08 points as of August 13, 2009).

27 constituents out of 69 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (down 27.23 points overall), whereas 14 instruments were offsetting this effect (plus 19.52 points). The price for 37 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "IDGC Holding" (down 8.42 points), ordinary shares of OJSC "Magnit" (down 3.32 points) and ordinary shares of OJSC LSR Group (down 3.29 points).

The positive impact was mainly due to the growing prices for ordinary shares of IDGC of Centre, JSC (plus 4.72 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (31.1%), followed by the consumer goods & trading sector (17.1%) and metals & mining sector (13.1%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: consumer goods & trading (down 5.44 points overall) followed by finances (down 4.35 points in total) and air transport (down 2.32 points in total).

RTS Siberia Index

For the week of August 9-13, 2010 stocks constituting the RTS Siberia Index demonstrated sideways trend.

The RTS Siberia Index gained 0.68% to close at 837.89 points (832.26 points as of August 6, 2010). At the end of the week the RTS Siberia Index was 3.03% higher than a month ago (813.25 points as of July 13, 2010) and 45.00% higher than a year ago (577.84 points as of August 13, 2009).

Out of the 10 component stocks 3 were pushing the RTS Siberia Index up (plus 13.59 points), 3 stocks pulled the RTS Siberia Index down (down 7.97 points). The price for 4 securities remained unchanged.

The positive effect leaders were ordinary shares of OAO Raspadskaya (plus 8.54 points) and JSC "RusHydro" (plus 4.53).

The negative effect leaders were ordinary shares of JSC Gazprom Neft (down 5.93 points).

The metals & mining sector accounted for 38.7% of the RTS Siberia IndexЎ¦ total capitalization. The other large-weight sectors were power (31.4%) and oil & gas (15.6%).

The metals & mining sector accounted for 37.2% of the RTS Siberia IndexЎ¦ total capitalization. The other large-weight sectors were power (31.6%) and oil & gas (16.3%).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,445.37

-4.27%

2.54%

-2.08%

37.06%

RTS Standard Index

9,449.48

-2.23%

0.76%

-0.51%

27.24%

RTS-2 Index

1,764.34

-0.44%

9.63%

1.01%

89.29%

RTS Oil & Gas Index

253.46

-3.06%

5.76%

-5.71%

48.11%

RTS Consumer & Retail Index

172.43

-5.22%

1.91%

-3.53%

16.41%

RTS Metals & Mining Index

320.51

-1.67%

12.30%

8.77%

91.14%

RTS Industrial Index

142.43

-1.08%

3.14%

-5.66%

76.01%

RTS Electric Utilities Index

204.51

-0.40%

2.53%

0.46%

66.92%

RTS Telecom Index

348.7

-4.51%

2.64%

-7.89%

48.08%

RTS Finances Index

249.43

-1.85%

4.19%

-3.12%

69.01%

RTS Siberia Index

837.89

0.68%

3.03%

-7.00%

45.00%

For the week the RTS Index lost 4.27% to reach 1,445.37 points (1.409.85 points as of August 6, 2010), the RTS Standard Index (blue chips index) shed 2.23% to end up at 9,449.48 points (9,664.52 points as of August 6, 2010)

Last week most of the key economy sectors represented on the Russian stock market demonstrated negative dynamics. The largest decline was shown by the oil & gas sector. The RTS Oil & Gas Index fell 5.22%. A significant decrease was also demonstrated by the financial sector, with the RTS Finances Index shedding 4.51% and by metallurgy sector, with RTS Metals & Mining Index lost 3.06%.

The regional RTS Siberia Index added 0.68%.

The US dollar appreciated by 1.98% against the Russian ruble to reach 30.45 rubles per US dollar (29.86 rubles as of August 6, 2010).