OREANDA-NEWS. January 26, 2011. For the week of January 17-21, 2011 the Russian stock market experienced multidirectional movement of prices.

The RTS Index (RTSI) went up to 1,884.76 points (0.78%) from 1,870.09 points as of January 14, 2010. At the end of the week the RTS Index was 7.35% higher than a month ago (1,755.79 points as of December 21, 2010) and 23.16% higher than a year ago (1,530.29 points as of January 21, 2010).

Multidirectional movements on the stock market were accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 11.29%.

Over the week the US dollar lost 0.60% against the Russian ruble.

Out of 50 RTSI constituents 20 were pushing the Index up (plus 28.24 points overall), whereas 21 securities had a negative impact (down 13.57 points in total). The price for nine securities remained unchanged.

The positive effect leaders were ordinary shares of Rosneft (plus 7.66 points), OAO "LUKOIL" (plus 6.24 points) and OJSC Uralkali (plus 3.70 points).

The negative impact was mainly related to the declining prices for ordinary shares of Gazprom (down 3.14 points).

Over 48.29% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large- weight sectors were finance (17.30%) and metallurgy (16.99%).

On the sector level the major positive contributors were oil & gas (plus 11.12 points in total) and chemical production (plus 4.64) sectors.

RTSI Futures Contracts

For the week of January 17-21, 2011 the trading volume in the RTSI derivatives amounted to 633.25 billion rubles or 5.62 million contracts. The turnover of futures contracts on the RTS Index made up 70.22% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI growing by 0,78%, March and June contracts went up by 0.54% and 0.42% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week March contracts were 5.96 points in backwardation, whereas for June contracts backwardation stood at 15.86 points.

For the week investor's open interest measured in contracts increased by 21.38%.

The RTS Standard Index

For the week of January 17-21, 2011 the RTS Standard Index demonstrated multidirectional dynamics.

The RTS Standard Index went up by 0.42% to 11,946.61 points (11,896.15 points as of January 14, 2011). At the end of the week the RTS Standard Index was5.16% higher than a month ago (11,360.67 points as of December 21, 2010) and 19.57% higher than a year ago (9,991.57 points as of January 21, 2009).

Out of 15 constituents seven had a positive impact on the RTS Standard Index (plus 159.76 points overall). Eight securities moved negatively (down 109.30 points).

The positive impact was mainly due to the growing prices for ordinary shares of Rosneft (plus 57.94 points) and OAO "LUKOIL" (plus 42.18 points).

The negative effect leaders were ordinary shares of Gazprom (down 34.21 points).

Out of the blue chips the top gainers were ordinary shares of OJSC Uralkali that added 6.29%, Rosneft that went up by 6.16% and OAO "LUKOIL" that increased by 2.06%.

The oil & gas sector accounted for 54.49% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (21.30%) and metallurgy (15.10%).

Second-tier stocks

For the week of January 17-21, 2011 the second tier stocks market demonstrated multidirectional dynamics.

Over the reviewed period the RTS-2 Index added 0.07% to reach 2,325.00 points (2,323.33 points as of January 14, 2011). At the end of the week the RTS-2 Index was 4.18% higher than a month ago (2,231.68 points as of December 21, 2011), and 52.19% higher than a year ago (1,527.67 points as of January 21, 2010).

24 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 28.04 points overall), whereas 19 instruments were offsetting this effect (down 26.37 points). The price for 25 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of "IDGC of Centre, JSC" (plus 6.28 points), JSC Acron (plus 3.77 points) and Opened Joint-Stock Company "Company "M.video" (plus 2.21 points).

The negative impact was mainly due to the falling prices for ordinary shares of OJSC "Magnit" (down 10.30 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (30.4%), followed by the consumer goods & trading sector (18.3%) and metallurgy sector (14.0%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: chemical production (plus 4.10 points overall) followed by industry (plus 3.45 points in total).

RTS Siberia Index

For the week of January 17-21, 2011 stocks constituting the RTS Siberia Index showed sideways trend.

The RTS Siberia Index went up by 0.60% to close at 1,029.75 points (1,023.57 points as of January 14, 2011). At the end of the week the RTS Siberia Index was 3.40% higher than a month ago (995.90 points as of December 21, 2010) and 25.49% higher than a year ago (820.59 points as of January 21, 2010).

Out of the 11 component stocks five had positive impact on the Index's dynamics (plus 12.61 points). One security moved negatively (down 6.43). The price for five securities remained unchanged.

The positive effect leaders were ordinary shares of MDM Bank (plus 4.06 points) and OAO Raspadskaya (plus 3.41 points).

The negative impact on RTS Siberia Index was coming only from the price decline of ordinary shares of JSC "RusHydro" (down 6.43 points).

The metallurgy sector accounted for 39.8% of the RTS Siberia Index' total capitalization. The other large-weight sectors were power (34.5%) and oil & gas (14.7%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,884.76

0.78%

7.35%

17.44%

23.16%

RTS Standard Index

11,946.61

0.42%

5.16%

13.65%

19.57%

RTS-2 Index

2,325.00

0.07%

4.18%

16.97%

52.19%

RTS Metals & Mining Index

375.14

0.87%

7.04%

27.48%

43.62%

RTS Oil & Gas Index

213.71

1.55%

9.35%

16.64%

12.17%

RTS Consumer & Retail Index

448.10

-0.25%

4.59%

28.45%

73.33%

RTS Industrial Index

235.81

5.61%

13.44%

35.92%

69.51%

RTS Telecom Index

280.57

0.31%

6.15%

21.81%

44.78%

RTS Finances Index

492.19

0.87%

7.34%

19.06%

20.55%

RTS Electric Utilities Index

282.21

-0.56%

2.80%

6.41%

27.16%

RTS Siberia Index

1,029.75

0.60%

3.40%

14.93%

25.49%

Russian Volatility Index

24.58

11.29%

9.66%

7.46%

-34.56%

For the week the RTS Index added 0.78% to reach 1,884.76 points (1,870.09 points as of January 14, 2011), the RTS Standard Index (blue chips index) increased by 0.42% to end up at 11,946.61 points (11,896.15 points as of January 14, 2011).

Multidirectional movements on the stock market were accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 11.29% to reach 24.58 points (22.08 points as of January 14, 2011).

Last week most of the key economy sectors represented on the Russian stock market demonstrated positive dynamics. The largest growth was shown by the industrial sector. The RTS Industrial Index grew by 5.61%. The substantial upturn was also demonstrated by the oil & gas sector with the RTS Oil & Gas Index increasing by 1.55%. Slight decline was shown only by the power and consumer sectors with the RTS Electric Utilities Index and the RTS Consumer & Retail Index fell 0.56% and 0.25% respectively.

The regional RTS Siberia Index added 0.60%.

The US dollar depreciated by 0.60% against the Russian ruble to reach 29.91 rubles per US dollar (30.36 rubles as of January 14, 2011).