OREANDA-NEWS. December 30, 2010. For the week of December 20-24, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,769.57 points (1.47%) from 1,743.87 points as of December 17, 2010. At the end of the week the RTS Index was 10.56% higher than a month ago (1,600.50 points as of November 24, 2010) and 22.58% higher than a year ago (1,443.61 points as of December 24, 2009).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 0.88%.

Over the week the US dollar lost 0.52% against the Russian ruble.

Out of 50 RTSI constituents 30 were pushing the Index upwards (plus 28.50 points overall), whereas 11 securities behaved negatively (down 2.80 points in total), price for nine securities remained unchanged.

The positive effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 5.06 points), Gazprom (plus 4.87 points) and Sberbank (plus 3.94 points).

The negative impact was mainly related to the falling prices for ordinary shares of JSC "Polymetal" (down 1.20 points).

In the oil and gas sector 47.84% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (17.94%) and metals & mining (16.63%).

On the sector level the major positive contributors were the oil & gas sector (plus 13.03 points in total) and the metallurgy sector (plus 5.91 points).

RTS Index Weekly Wrap Up

(20 - 24 December, 2010)

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 223.25 billion rubles or 2.08 million contracts. Futures contracts on the RTS Index made up 58.33% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.47%, March contracts went up by 1.46% by the settlement date and June contracts grew by 1.37%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week March contracts were 3.82 points in backwardation, while for June contracts backwardation stood at 6.72 points.

For the week the total investor's open interest measured in contracts decreased by 9.87%.

The RTS Standard Index

For the week of December 20-24, 2010 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 0.45% to 11,362.40 points (11,311.05 points as of December 17, 2010). At the end of the week the RTS Standard Index was 6.91% higher than a month ago (10,628.02 points as of November 24, 2010) and 20.61% higher than a year ago (9,420.93 points as of December 24, 2009).

Out of 15 RTS Standard Index constituents ten were pushing the Index upwards (plus 85.82 points overall), whereas five securities behaved negatively (down 35.54 points in total).

The positive effect leaders were ordinary shares of "Surgutneftegas" OJSC (plus 22.49 points) and "OJSC "MMC "NORILSK NICKEL" (plus 20.51 points).

The negative impact was mainly related to the falling prices for ordinary shares of OJSC Uralkali (down 14.49 points).

Out of the blue chips the top risers were ordinary shares of "Surgutneftegas" OJSC, that gained 3.27%, OJSC "Polyus Gold" and "OJSC "MMC "NORILSK NICKEL" that went up by 3.07% and 1.57% respectively.

The oil & gas sector accounted for 54.12% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (22.24%) and metallurgy (14.59%).

Second-tier stocks

For the week of December 20-24, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 0.80% to reach 2,248.41 points (2,230.53 points as of December 17, 2010). At the end of the week the RTS-2 Index was 12.04% higher than a month ago (2,006.87 points as of November 24, 2010), and 57.75% higher than a year ago (1,425.32 points as of December 24, 2009).

28 constituents out of 68 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 33.15 points overall), 15 instruments pulled the Index downwards (down 15.27 points). The price for 25 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of OJSC "Magnit" (plus 4.48 points), O.J.S.C. "Uralsvyazinform" (plus 4.36 points) and JSC "OPIN" (plus 3.84 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "Polymetal" (down 9.08 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (31.2%), followed by the consumer goods & trading sector (18.2%) and metals & mining sector (14.1%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 5.50 points in total) and consumer & retail (plus 18.2 points in total) .

RTS Siberia Index

For the week of December 20-24, 2010 stocks constituting the RTS Siberia Index experienced a positive trend.

The RTS Siberia Index added 0.66% to close at 1000.32 points (993.81 points as of December 17, 2010). At the end of the week the RTS Siberia Index was 7.03% higher than a month ago (934.65 points as of November 24, 2010) and 33.23% higher than a year ago (750.82 points as of December 24, 2009).

Out of the 11 component stocks five were moving the RTS Siberia Index up (plus 7.23 points), three securities pushed the Index down (down 0.73 points). The price for three securities remained unchanged.

The positive effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 3.22 points) and JSC "WGC-3" (plus 2.42 points).

The most negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of JSC "TGK-11" (down 0.42 points).

The metallurgy sector accounted for 37.4% of the RTS Siberia Index' total capitalization. The other large-weight sectors were power (36.6%) and oil & gas (15.2%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,769.57

1.47%

10.56%

18.87%

22.58%

RTS Standard Index

11,362.40

0.45%

6.91%

16.47%

20.61%

RTS-2 Index

2,248.41

0.80%

12.04%

18.69%

57.75%

RTS Metals & Mining Index

349.89

1.34%

14.53%

29.70%

52.33%

RTS Oil & Gas Index

197.60

1.64%

9.97%

12.18%

6.50%

RTS Consumer & Retail Index

434.63

0.72%

16.79%

31.77%

77.56%

RTS Industrial Index

211.32

1.88%

9.54%

21.39%

57.27%

RTS Telecom Index

266.25

1.49%

10.36%

19.36%

41.52%

RTS Finances Index

460.41

2.01%

11.63%

22.97%

24.19%

RTS Electric Utilities Index

276.22

1.03%

5.04%

7.89%

32.55%

RTS Siberia Index

1,000.32

0.66%

7.03%

18.16%

33.23%

Russian Volatility Index

22.51

-0.88%

-13.85%

-11.95%

-39.96%

For the week the RTS Index gained 1.47% to reach 1,769.57 points (1,743.87 points as of December 17, 2010), the RTS Standard Index (blue chips index) went up by 0.45% to end up at 11,362.40 points (11,311.05 points as of December 17, 2010).

Last week's growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 0.88% to reach 22.51 points (22.71 points as of December 17, 2010).

Last week all the key economy sectors represented on the Russian stock market demonstrated positive dynamics. The largest growth was shown by the finances section, with the RTS Finances Index going up by 2.01%. A significant increase was also demonstrated by the industrial and oil & gas sectors, with the RTS Industrial Index adding 1.88% and the RTS Oil & Gas Index gaining 1.64%.

The regional RTS Siberia Index went up by 0.66%.

The US dollar depreciated by 0.52% against the Russian ruble to reach 30.59 rubles per US dollar (30.75 rubles as of December 17, 2010).