OREANDA-NEWS. February 02, 2011. For the week of January 24-28, 2011 the Russian stock market experienced multidirectional movement of prices.

The RTS Index (RTSI) went up to 1,885.53 points (0.04%) from

I,884.76 points as of January 21, 2010. At the end of the week the RTS Index was 6.56% higher than a month ago (1,769.41 points as of December 28, 2010) and 29.06% higher than a year ago (1,460.98 points as of January 28, 2010).

Multidirectional movements on the stock market were accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 0.89%.

Over the week the US dollar lost 0.81% against the Russian ruble.

Out of 50 RTSI constituents 14 were pushing the Index up (plus 27.56 points overall), whereas 26 securities had a negative impact (down 26.79 points in total). The price for ten securities remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus

II.86      points), "OJSC "MMC "NORILSK NICKEL" (plus 4.95 points) and Rosneft (plus 3.74 points).

The negative impact was mainly related to the declining prices for ordinary shares of OAO "LUKOIL" (down 9.07 points).

Over 48.33% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large- weight sectors were finance (17.36%) and metallurgy (17.05%).

On the sector level the major positive contributors were metallurgy (plus 1.17 points in total) and finance (plus 1.15) sectors.

RTSI Futures Contracts

For the week of January 24-28, 2011 the trading volume in the RTSI derivatives amounted to 701.29 billion rubles or 6.29 million contracts. The turnover of futures contracts on the RTS Index made up 71.42% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI growing by 0,04%, March and June contracts went up by 0.38% and 0.11% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week March contracts were 13.88 points in backwardation, whereas for June contracts backwardation stood at 18.73 points.

For the week investor's open interest measured in contracts increased by 11.64%.

The RTS Standard Index

For the week of January 24-28, 2011 the RTS Standard Index demonstrated multidirectional dynamics.

The RTS Standard Index went down by 0.08% to 11,937.63 points (11,946.61 points as of January 21, 2011). At the end of the week the RTS Standard Index was5.80% higher than a month ago (11,282.81 points as of December 28, 2010) and 22.54% higher than a year ago (9,741.57 points as of January 28, 2009).

Out of 15 constituents eight had a negative impact on the RTS Standard Index (down 179.55 points overall). Seven securities moved positively (plus 170.57 points).

The negative effect leaders were ordinary shares of OAO "LUKOIL" (down 84.91 points) and "Surgutneftegas" OJSC (down 26.09 points).

The positive impact was mainly due to the growing prices for ordinary shares of Gazprom (plus 81.57 points).

Out of the blue chips the top losers were ordinary shares of JSC "RusHydro" that lost 5.59%, JSC "Severstal" that went down by 5.02% and OAO "LUKOIL" that decreased by 4.06%.

The oil & gas sector accounted for 54.48% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (21.27%) and metallurgy (15.26%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

GAZPS

Gazprom, ordinary

19.47%

15.42%

LKOHS

LUKOIL, ordinary

16.81%

13.31%

SBERS

Sberbank, ordinary

16.36%

12.96%

SBERPS

Sberbank, preferred

1.27%

1.01 %

GMKNS

NORILSK NICKEL, ordinary

12.46%

9.87%

ROSNS

Rosneft, ordinary

8.57%

6.79%

SNGSS

Surgutneftegas, ordinary

6.38%

5.06%

SNGSPS

Surgutneftegas, preferred

1.97%

1.56%

URKAS

Uralkali, ordinary

3.83%

3.03%

VTBRS

VTB Bank, ordinary

3.64%

2.88%

HYDRS

RusHydro, ordinary

2.78%

2.20%

FEESS

FGS UES, ordinary

2.38%

1.88%

CHMFS

Severstal, ordinary

2.09%

1.66%

TRNFPS

Transneft, ordinary

1.27%

1.01 %

PLZLS

Polyus Gold, ordinary

0.71%

0.56%

Total

 

100.00%

79.19%

Second-tier stocks

For the week of January 24-28, 2011 the second tier stocks market demonstrated multidirectional dynamics.

Over the reviewed period the RTS-2 Index lost 0.59% to reach 2,311.34 points (2,325.00 points as of January 21, 2011). At the end of the week the RTS-2 Index was 3.03% higher than a month ago (2,243.40 points as of December 28, 2011), and 54.37% higher than a year ago (1,497.25 points as of January 28, 2010).

18 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 26.91 points overall), whereas 19 instruments were offsetting this effect (plus 13.26 points). The price for 31 securities remained unchanged.

Most of the negative effect was related to the declining prices for ordinary shares of OJSC "Magnit" (down 7.97 points), JSC "Polymetal" (down 7.10 points) and JSC "Aeroflot" (down 2.63 points).

The positive impact was mainly due to the rising prices for ordinary shares of JSC "IDGC Holding" (plus 2.43 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (30.7%), followed by the consumer goods & trading sector (18.2%) and metallurgy sector (13.8%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: metallurgy (down 6.49 points overall) followed by consumer industry (down 4.64 points in total).

RTS Siberia Index

For the week of January 24-28, 2011 stocks constituting the RTS Siberia Index showed sideways trend.

The RTS Siberia Index went down by 1.32% to close at 1,016.14 points (1,029.75 points as of January 21, 2011). At the end of the week the RTS Siberia Index was 2.65% higher than a month ago (989.95 points as of December 28, 2010) and 25.89% higher than a year ago (807.16 points as of January 28, 2010).

Out of the 11 component stocks four had negative impact on the Index's dynamics (down 17.45 points). Two securities moved positively (plus 3.84 points). The price for five securities remained unchanged.

The negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of JSC "RusHydro" (down 7.64 points) and JSC "WGC-3" (down 6.34 points).

The positive effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 3.71 points).

The metallurgy sector accounted for 40.4% of the RTS Siberia Index' total capitalization. The other large-weight sectors were power (33.6%) and oil & gas (14.9%).

The RTS family of indices

For the week the RTS Index added 0.04% to reach 1,885.53 points (1,884.76 points as of January 21, 2011), the RTS Standard Index (blue chips index) decreased by 0.08% to end up at 11,937.63 points (11,946.61 points as of January 21, 2011).

Multidirectional movements on the stock market were accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 0.89% to reach 24.80 points (24.58 points as of January 21, 2011).

Last week most of the key economy sectors represented on the Russian stock market demonstrated negative dynamics. The largest decline was shown by the metallurgy sector. The RTS Metals & Mining Index reduced by 1.15%. The substantial decline was also demonstrated by the industrial and telecommunication sectors with each of the RTS Industrial Index and the RTS Telecom Index decreasing by 0.65%. The largest growth was shown by the power sector with the RTS Electric Utilities Index growing by 0.64%.

The regional RTS Siberia Index lost 1.32%.

The US dollar depreciated by 0.81% against the Russian ruble to reach 29.67 rubles per US dollar (29.91 rubles as of January 21, 2011).