OREANDA-NEWS. January 18, 2011. For the week of December 27­30, 2010 the Russian stock market experienced multidirectional movement of prices.

The RTS Index (RTSI) went up to 1,770.28 points (0.04%) from 1,769.57 points as of December 24, 2010. At the end of the week the RTS Index was 10.83% higher than a month ago (1,597.35 points as of November 30, 2010) and 24.06% higher than a year ago (1,426.93 points as of December 30, 2009).

Multidirectional movement of prices on the stock market was accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went upn by 16.82%. Over the week the US dollar lost 0.75% against the Russian ruble.

Out of 50 RTSI constituents18 were pushing the Index up (plus 15.90 points overall), whereas 23 securities had a negative impact (down 15.19 points in total). The price for 9 securities remained unchanged.

The positive impact was mainly related to the growing prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 7.55 points), "Surgutneftegas" OJSC (plus 2.47 points) and OJSC Uralkali (plus 1.75 points). The negative effect leaders were ordinary shares of Sberbank (down 4.33 points).

Over 47.59% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large- weight sectors were finance (17.61%) and metallurgy (17.09%).

On the sector level the major positive contributors were metallurgy (plus 8.30 points in total) followed by the chemical industry (plus 1.97 points overall).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 71.71 billion rubles or 0.67 million contracts. Futures contracts on the RTS Index made up 41.67% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

The RTS Standard Index

For the week of December 27-30, 2010 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 0.27% to 11,393.51 points (11,362.40 points as of December 24, 2010). At the end of the week the RTS Standard Index was 6.76% higher than a month ago (10,671.83 points as of November 30, 2010) and 19.71% higher than a year ago (9,517.36 points as of December 30, 2009).

Out of 15 RTS Standard Index constituents eight were pushing the Index upwards (plus 113.61 points overall), whereas seven securities behaved negatively (down 82.51 points in total).

The positive effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 65.58 points) and "Surgutneftegas" OJSC (plus 22.20 points).

The negative impact was mainly related to the falling prices for ordinary shares of Sberbank (down 30.15 points).

Out of the blue chips the top risers were ordinary shares of "OJSC "MMC "NORILSK NICKEL" that gained 4.94%, OJSC Uralkali and "Surgutneftegas" OJSC that went up by 3.64% and 3.13% respectively.

The oil & gas sector accounted for 53.81% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (21.83%) and metallurgy (15.17%).

Second-tier stocks

For the week of December 24-30, 2010 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 0.47% to reach 2,237.93 points (2,248.41 points as of December 24, 2010). At the end of the week the RTS-2 Index was 9.61% higher than a month ago (2,041.74 points as of November 30, 2010), and 57.15% higher than a year ago (1,424.03 points as of December 30, 2009).

23 constituents out of 68 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (down 25.07 points overall), whereas 18 instruments were offsetting this effect (plus 14.6 points). The price for 27 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "OGK-4" (down 4.98 points), JSC "IDGC Holding" (down 4.49 points) and O.J.S.C. "Uralsvyazinform" (down 3.80 points).

The positive impact was mainly due to the growing prices for ordinary shares of JSC  Raspadskaya (plus 2.47 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 (18.5%) and metals & mining sector (14.3%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 9.64 points overall) and telecommunication (down 4.35 points in total).

RTS Siberia Index

For the week of December 24-30, 2010 stocks constituting the RTS Siberia Index experienced multidirectional movement of prices.

The RTS Siberia Index lost 0.04% to close at 999.95 points (1000.32 points as of December 24, 2010). At the end of the week the RTS Siberia Index was 6.38% higher than a month ago (939.95 points as of November 30, 2010) and 33.02% higher than a year ago (751.75 points as of December 30, 2009).

Out of the 11 component stocks seven were pushing the RTS Siberia Index down (down 13.24 points), three securities moved the Index up (12.87 points). The price for one security remained unchanged.

The most negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of JSC "WGC-3" (down 4.79 points) and JSC Gazprom Neft (down 3.60 points).

The positive effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 7.84 points).

The metallurgy sector accounted for 38.6% of the RTS Siberia Index' total capitalization. The other large-weight sectors were power (35.8%) and oil & gas (14.9%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,770.28

0.04%

10.83%

17.42%

24.06%

RTS Standard Index

11,393.51

0.27%

6.76%

16.54%

19.71%

RTS-2 Index

2,237.93

-0.47%

9.61%

14.63%

57.16%

RTS Metals & Mining Index

355.80

1.69%

17.55%

27.53%

56.07%

RTS Oil & Gas Index

196.97

-0.32%

9.76%

11.01%

7.48%

RTS Consumer & Retail Index

440.71

1.40%

15.87%

32.55%

82.69%

RTS Industrial Index

211.17

-0.07%

8.11%

22.68%

56.40%

RTS Telecom Index

264.43

-0.68%

7.15%

15.64%

40.24%

RTS Finances Index

452.95

-1.62%

10.60%

21.08%

23.64%

RTS Electric Utilities Index

273.55

-0.97%

2.89%

4.69%

34.53%

RTS Siberia Index

999.95

-0.04%

6.38%

15.91%

33.02%

Russian Volatility Index

26.29

16.82%

1.06%

1.27%

-37.86%

For the week the RTS Index gained 0.04% to reach 1,770.28 points (1,769.57 points as of December 24, 2010), the RTS Standard Index (blue chips index) went up by 0.27% to end up at 11,393.51 points (11,362.40 points as of December 24, 2010).

Last week's multidirectional movement of prices on the stock market was accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 16.82% to reach 26.29 points (22.51 points as of December 24, 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 finances section, with the RTS Finances Index going down by 1.62%. The largest increase was demonstrated by the metallurgy sector, with the RTS Metals & Mining Index adding 1.69%.

The regional RTS Siberia Index went down by 0.04%.

The US dollar depreciated by 0.75% against the Russian ruble to reach 30.36 rubles per US dollar (30.59 rubles as of December 24, 2010).