OREANDA-NEWS. August 24, 2010. For the week of August 16-20, 2010 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,425.03 points (1.41%) from 1,445.37 points as of August 13, 2010. At the end of the week the RTS Index was 2.64% higher than a month ago (1,388.43 points as of July 20, 2010) and 39.92% higher than a year ago (1,018.50 points as of August 20, 2009).

Over the week the US dollar added 0.05% against the Russian ruble.

Out of 50 RTSI constituents 38 were pulling the Index down (down 28.23 points overall), whereas 11 securities had a positive impact (plus 7.89 points in total). The price for one security remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (down 7.17 points) and Gazprom (down 4.20 points).

The positive impact was mainly related to the growing prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 3.38 points).

Over 49.35% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (18.35%) and metallurgy (15.92%).

On the sector level the major negative contributors were the oil & gas sector (down 8.83 points in total) followed by the banks & finance sector (down 8.38 points overall).

RTSI Futures Contracts

For the week of August 16-20, 2010 the trading volume in the RTSI derivatives amounted to 394.73 billion rubles or 4.5 million contracts. The turnover of futures contracts on the RTS Index made up 71.41% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 1.41%, September contracts (RTS-09.10) and December contracts (12.10) shed 0.77% and 0.84% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week September contracts were 4.78 points in backwardation, while for December contracts backwardation stood at 5.03 points.

For the week investor’s open interest measured in contracts increased by 3.45%.

The RTS Standard Index

For the week of August 16-20, 2010 the RTS Standard Index demonstrated a negative trend.

The RTS Standard Index went down by 0.98% to 9,357.10 points (9,449.48 points as of August 13, 2010). At the end of the week the RTS Standard Index was 2.79% higher than a month ago (9,103.53 points as of July 20, 2010) and 30.02% higher than a year ago (7,196.51 points as of August 20, 2009).

Out of 15 constituents 9 had a negative impact on the RTS Standard Index (down 132.16 points overall). Six securities moved positively (plus 39.79 points).

The negative effect leaders were ordinary shares of Sberbank (SBERS) (down 50.67 points) and Gazprom (down 26.78 points). The positive impact was mainly due to the growing prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 31.25 points).

Out of the blue chips the top fallers were preferred shares of Sberbank (SBERPS) that lost 4.42%, ordinary shares of Surgutneftegas that went down by 4.20%.

The week's blue chips top risers were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (GMKNS) that gained 3.34%.

The oil & gas sector accounted for 55.26% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (22.51%) and metallurgy (13.86%).

Ticker

Stock

LUKOIL, ordinary

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

LKOHS

 

18.39%

14.95%

GAZPS

Gazprom, ordinary

17.81%

14.47%

LKOHS

LUKOIL, ordinary

17.75%

14.43%

LKOHS

LUKOIL, ordinary

1.45%

1.18%

GMKNS

NORILSK NICKEL, ordinary

10.33%

8.40%

ROSNS

Rosneft, ordinary

8.35%

6.78%

SNGSS

Surgutneftegas, ordinary

6.41%

5.21%

SNGSPS

Surgutneftegas, preferred

1.83%

1.49%

HYDRS

RusHydro, ordinary

3.41%

2.77%

VTBRS

VTB Bank, ordinary

3.30%

2.69%

URKAS

Uralkali, ordinary

2.76%

2.24%

TATNS

Tatneft, ordinary

2.47%

2.01%

FEESS

FGS UES, ordinary

2.20%

1.79%

PLZLS

Polyus Gold, ordinary

2.09%

1.70%

CHMFS

Total

Severstal, ordinary

1.44%

100.00%

1.17%

81.29%

Second-tier stocks

For the week of August 16-20, 2010 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 1.70% to reach 1,734.3 points (1,764.34 points as of August 13, 2010). At the end of the week the RTS-2 Index was 5.63% higher than a month ago (1,641.84 points as of July 20, 2010), and 87.97% higher than a year ago (922.65 points as of August 20, 2009).

25 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 46.79 points overall), whereas 18 instruments were offsetting this effect (plus 16.74 points). The price for 26 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "Polymetal" (down 13.41 points), ordinary shares of JSC "IDGC Holding" (down 6.12 points) and ordinary shares of JSC "OGK-4" (down 5.08 points).

The positive impact was mainly due to the growing prices for ordinary shares of Bashkirenergo (plus 4.20 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (30.9%), followed by the consumer goods & trading sector (17.5%) and metals & mining sector (12.6%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 13.26 points overall) followed by metallurgy (down 12.63 points in total) and telecommunication (down 4.07 points in total).

RTS Siberia Index

For the week of August 16 – 20, 2010 stocks constituting the RTS Siberia Index showed negative dynamics.

The RTS Siberia Index went down by 1.87% to close at 822.26 points (837.89 points as of August 13, 2010). At the end of the week the RTS Siberia Index was 2.92% higher than a month ago (798.92 points as of July 20, 2010) and 49.28% higher than a year ago (550.83 points as of August, 20, 2009).

Out of the 10 component stocks 4 had negative impact on the Index’s dynamics (down 25.49 points). Four securities moved positively (plus 9.87). The price for 2 securities remained unchanged.

The most negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of JSC "WGC-3" (down 12.77 points) and JSC Gazprom Neft (down 6.64 points).

The positive effect leaders were ordinary shares of OAO Raspadskaya (plus 4.21 points).

The metals & mining sector accounted for 40.6% of the RTS Siberia Index’ total capitalization. The other large-weight sectors were power (29.8%) and oil & gas (15.1%)

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,425.03

-1.41%

2.64%

9.35%

39.92%

RTS Standard Index

9,357.1

-0.98%

2.79%

8.14%

30.02%

RTS-2 Index

1,734.3

-1.70%

5.63%

7.03%

87.97%

RTS Oil & Gas Index

254.45

0.39%

6.80%

2.33%

49.71%

RTS Consumer & Retail Index

170.35

-1.21%

2.80%

8.65%

19.13%

RTS Metals & Mining Index

321.7

0.37%

7.52%

17.22%

92.20%

RTS Industrial Index

140.73

-1.19%

2.15%

-3.60%

69.07%

RTS Electric Utilities Index

199.4

-2.50%

-1.41%

5.79%

65.16%

RTS Telecom Index

345.48

-0.92%

2.73%

8.41%

48.68%

RTS Finances Index

241.42

-3.21%

1.67%

2.21%

71.96%

RTS Siberia Index

822.26

-1.87%

2.92%

-2.98%

49.28%

For the week the RTS Index lost 1.41% to reach 1,425.03 points (1,445.37 points as of August 13, 2010), the RTS Standard Index (blue chips index) shed 2.23% to end up at 9,357.10 points (9,449.48 points as of August 13, 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 power sector. The RTS Electric Utilities Index fell 3.21%. A significant decrease was also demonstrated by the telecommunication sector, with the RTS Telecom Index shedding 2.50% and by oil & gas sector, with RTS Oil & Gas Index lost 1.21%. The largest growth was shown by the metallurgy section, with the RTS Metals & Mining Index going up by 0.39%.

The regional RTS Siberia Index lost 1.87%.

The US dollar appreciated by 0.05% against the Russian ruble to reach 30.46 rubles per US dollar (30.45 rubles as of August 13, 2010).