OREANDA-NEWS. November 17, 2010. For the week of November 8-13, 2010 the Russian stock market experienced multidirectional movement of prices.

The RTS Index (RTSI) went up to 1,606.08 points (0.22%) from 1,602.53 points as of November 3, 2010. At the end of the week the RTS Index was 1.09% higher than a month ago (1,588.83 points as of October 13, 2010) and 13.15% higher than a year ago (1,419.49 points as of November 13, 2009).

Over the week the US dollar lost 0.06% against the Russian ruble.

Out of 50 RTSI constituents 22 were pushing the Index up (plus 23.59 points overall), whereas 16 securities had a negative impact (down 20.04 points in total). The price for 12 securities remained unchanged.

The positive impact was mainly related to the growing prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 5.86 points), NLMK (plus 3.16) and Gazprom (plus 2.62).

The negative effect leaders were ordinary shares of Sberbank (down 13.07 points).

Over 47.25% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large- weight sectors were finance (20.34%) and metallurgy (16.41%).

On the sector level the major positive contributors were metallurgy (plus 11.68 points in total) followed by the chemical production (plus 3.38 points overall).

RTSI Futures Contracts

For the week of November 8-13, 2010 the trading volume in the RTSI derivatives amounted to 563.21 billion rubles or 5.63 million contracts. The turnover of futures contracts on the RTS Index made up 57.01% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 0.22%, December contracts and March contracts went up by 0.08% and 0.01% respectively.

During the reviewed period RTSI linked futures were trading above the spot. By the end of the week December contracts were 4.13 points in backwardation, while for March contracts backwardation stood at 6.08 points.

For the week investor's open interest measured in contracts increased by 7.38%.

The RTS Standard Index

For the week of November 8-13, 2010 the RTS Standard Index demonstrated negative dynamics.

The RTS Standard Index went down by 0.40% to 10,521.56 points (10,564.25 points as of November 3, 2010). At the end of the week the RTS Standard Index was 3.12% higher than a month ago (10,202.84 points as of October 13, 2010) and 15.66% higher than a year ago (9,097.26 points as of November 13, 2009).

Out of 15 constituents 7 had a negative impact on the RTS Standard Index (down 156.68 points overall). Eight securities moved positively (plus 114.00 points).

The negative effect leaders were ordinary shares of Sberbank (down 107.53 points) and Surgutneftegas (down 17.05 points).

The positive impact was mainly due to the growing prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 46.95 points).

Out of the blue chips the top fallers were ordinary shares of Sberbank that lost 5.04%, preferred shares of Surgutneftegas and Sberbank that went down by 4.06% and 3.14% respectively.

The oil & gas sector accounted for 53.16% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (24.68%) and metallurgy (14.09%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

SBERS

Sberbank, ordinary

19.26%

15.53%

SBERPS

Sberbank, preferred

1.56%

1.26%

GAZPS

Gazprom, ordinary

17.77%

14.32%

LKOHS

LUKOIL, ordinary

17.14%

13.82%

GMKNS

NORILSK NICKEL, ordinary

10.39%

8.38%

ROSNS

Rosneft, ordinary

8.04%

6.48%

SNGSS

Surgutneftegas, ordinary

6.14%

4.95%

SNGSPS

Surgutneftegas, preferred

1.84%

1.49%

VTBRS

VTB Bank, ordinary

3.86%

3.11%

URKAS

Uralkali, ordinary

3.02%

2.44%

HYDRS

RusHydro, ordinary

2.96%

2.39%

TATNS

Tatneft, ordinary

2.23%

1.80%

PLZLS

Polyus Gold, ordinary

2.13%

1.72%

FEESS

FGS UES, ordinary

2.08%

1.68%

CHMFS

Severstal, ordinary

1.57%

1.27%

Total

 

100.00%

80.61%

Second-tier stocks

For the week of November 8-13, 2010 the second tier stocks market demonstrated multidirectional dynamics.

Over the reviewed period the RTS-2 Index added 0.02% to reach 1,986.08 points (1,985.67 points as of November 3, 2010). At the end of the week the RTS-2 Index was 0.72% lower than a month ago (2,000.47 points as of October 13, 2010), and 46.95% higher than a year ago (1,351.52 points as of November 13, 2009).

22 constituents out of 69 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 16.49 points overall), whereas 22 instruments were offsetting this effect (down 16.08 points). The price for 23 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "OGK-2" (plus 3.17 points), and ordinary shares of JSC "OGK-4" (plus 2.26 points).

The negative impact was mainly due to the falling prices for ordinary shares of "IDGC of Centre, JSC" (down 2.84 points) and OJSC "Magmt" (down 2.83).

In terms of weight in the RTS-2 Index, the power sector was the largest (32.4%), followed by the consumer goods & trading sector (18.2%) and metallurgy sector (13.4%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 1.43 points overall) followed by chemical production (plus 0.55 points in total).

RTS Siberia Index

For the week of November 8-13, 2010 stocks constituting the RTS Siberia Index showed multidirectional dynamics.

The RTS Siberia Index went up by 0.94% to close at 893.96 points (885.61 points as of November 3, 2010). At the end of the week the RTS Siberia Index was 0.79% higher than a month ago (886.93 points as of October 13, 2010) and 28.84% higher than a year ago (693.87 points as of November 13, 2009).

Out of the 11 component stocks 5 had positive impact on the Index's dynamics (plus 9.03 points). One security moved negatively (down 0.68). The price for five securities remained unchanged.

The positive effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 5.86 points) and JSC "WGC- 3" (plus 1.99).

The negative impact on RTS Siberia Index was coming only from the price decline of ordinary shares of OAO Raspadskaya (down 0.68 points).

The power sector accounted for 37.2% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (37.1%) and oil & gas (14.2%)

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,606.08

0.22%

1.09%

11.12%

13.15%

RTS Standard Index

10,521.56

-0.40%

3.12%

11.35%

15.66%

RTS-2 Index

1,986.08

0.02%

-0.72%

12.57%

46.95%

RTS Metals & Mining Index

300.86

4.59%

0.95%

18.70%

30.03%

RTS Oil & Gas Index

183.63

0.09%

-1.17%

6.50%

-2.26%

RTS Consumer & Retail Index

358.62

-0.23%

2.17%

11.89%

55.93%

RTS Industrial Index

182.41

0.08%

6.19%

28.07%

35.52%

RTS Telecom Index

231.23

0.69%

-0.54%

13.07%

33.76%

RTS Finances Index

415.58

-0.59%

5.61%

19.18%

14.45%

RTS Electric Utilities Index

262.92

0.14%

-2.20%

5.41%

23.80%

RTS Siberia Index

893.96

0.94%

0.79%

6.69%

28.84%

For the week the RTS Index added 0.22% to reach 1,606.08 points (1,602.53 points as of November 3, 2010), the RTS Standard Index (blue chips index) shed 0.40% to end up at 10,521.56 points (10,564.25 points as of November 3, 2010)

Last week most of the key economy sectors represented on the Russian stock market demonstrated sideways dynamics. The largest growth was shown by the metallurgy sector. The RTS Metals & Mining Index grew by 4.59%, The largest decline was demonstrated by the finance sector with the RTS Finances Index shedding 0.59 %.

The regional RTS Siberia Index added 0.94%.

The US dollar depreciated by 0.06% against the Russian ruble to reach 30.77 rubles per US dollar (30.79 rubles as of November 3, 2010).