OREANDA-NEWS. February 10, 2011. For the week of January 31 - February 4, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,928.58 points (2.28%) from 1,885.53 points as of January 28, 2011. At the end of the week the RTS Index was 8.94% higher than a month ago (1,770.28 points as of December 30, 2010) and 31.82% higher than a year ago (1,463.01 points as 8 of February 4, 2010).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index 2 RTSVX went down by 2.03%.

Over the week the US dollar lost 1.09% against the Russian ruble.

Out of 50 RTSI constituents 23 were pushing the Index upwards (plus 58.87 points overall), whereas 15 securities behaved negatively (down 15.83 points in total), price for 12 securities remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus 23.13 points), JSC  'LUKOIL' (plus 18.71 points) and Rosneft (plus 4.04 points).

The negative impact was mainly related to the falling prices for ordinary shares of Sberbank (down 5.51 points).

In the oil and gas sector 50.08% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (16.51%) and metals & mining (16.45%).

On the sector level the major positive contributor was the oil & gas sector (plus 54.49 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 691.5 billion rubles or 6.2 million contracts. Futures contracts on the RTS Index made up 68.6% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 2.28%, March contracts went up by 2.48% by the settlement date and June contracts grew by 1.91%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week March contracts were 10.5 points in backwardation, while for June contracts backwardation stood at 26.1 points.

For the week the total investor's open interest measured in contracts increased by 1.94%.

The RTS Standard Index

For the week of January 31 - February 4, 2011 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 1.38% to 12,102.33 points (11,937.63 points as of January 28, 2011). At the end of the week the RTS Standard Index was 6.22% higher than a month ago (11,393.51 points as of December 30, 2010) and 25.35% higher than a year ago (9,654.68 points as of February 4, 2010).

Out of 15 RTS Standard Index constituents eight were pushing the Index upwards (plus 321.76 points overall), whereas seven securities behaved negatively (down 157.06 points in total).

The positive effect leaders were ordinary shares of Gazprom (plus 157.55 points) and JSC  'LUKOIL' (plus 126.03 points).

The negative impact was mainly related to the falling prices for ordinary shares of Sberbank (down 64.90 points).

Out of the blue chips the top risers were ordinary shares of Gazprom, that gained 6.78%, ordinary shares of JSC  'LUKOIL' and preferred shares of "Surgutneftegas" OJSC that went up by 6.28% and 4.06% respectively.

The oil & gas sector accounted for 56.3% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (20.2%) and metallurgy (14.6%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

GAZPS

Gazprom, ordinary

20,51%

16,27%

LKOHS

LUKOIL, ordinary

17,62%

13,98%

SBERS

Sberbank, ordinary

15,61%

12,38%

SBERPS

Sberbank, preferred

1,25%

0,99%

GMKNS

NORILSK NICKEL, ordinary

11,85%

9,40%

ROSNS

Rosneft, ordinary

8,63%

6,85%

SNGSS

Surgutneftegas, ordinary

6,28%

4,98%

SNGSPS

Surgutneftegas, preferred

2,02%

1,60%

URKAS

Uralkali, ordinary

3,80%

3,02%

VTBRS

VTB Bank, ordinary

3,33%

2,64%

HYDRS

RusHydro, ordinary

2,75%

2,19%

FEESS

FGS UES, ordinary

2,32%

1,84%

CHMFS

Severstal, ordinary

2,07%

1,64%

TRNFPS

Transneft, ordinary

1,28%

1,01 %

PLZLS

Polyus Gold, ordinary

0,69%

0,55%

Total

 

100,00%

79,35%

Second-tier stocks

For the week of January 31 - February 4, 2011 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 0.44% to reach 2,321.56 points (2,311.34 points as of January 28, 2011). At the end of the week the RTS-2 Index was 3.74% higher than a month ago (2,237.93 points as of December 30, 2010), and 49.93% higher than a year ago (1,548.46 points as of February 4, 2010).

26 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 30.61 points overall), 17 instruments pulled the Index downwards (down 20.39 points). The price for 25 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSOC Bashneft (plus 5.39 points), O.J.S.C. "Uralsvyazinform" (plus 4.43 points) and URALSIB (plus 2.35 points).

The negative impact was mainly due to the falling prices for ordinary shares of OJSC "Magnit" (down 4.15 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 (18.0%) and metals & mining sector (13.9%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: telecommunication (plus 7.59 points in total) and oil & gas (plus 6.02 points in total).

RTS Siberia Index

For the week of January 31 - February 4, 2011 stocks constituting the RTS Siberia Index experienced a negative trend.

The RTS Siberia Index lost 1.22% to close at 1,003.74 points (1,016.14 points as of January 28, 2011). At the end of the week the RTS Siberia Index was 0.38% higher than a month ago (999.95 points as of December 30, 2010) and 21.99% higher than a year ago (822.80 points as of February 4, 2010).

Out of the 11 component stocks three securities pushed the Index down (down 16.28 points), while three securities were moving the RTS Siberia Index up (plus 3.83 points). The price for five securities remained unchanged.

The most negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of JSC "Irkutskenergo" (down 6.99 points) and "OJSC "MMC "NORILSK NICKEL" (down 6.43 points).

The positive effect leaders were ordinary shares of JSC  Raspadskaya (plus 2.07 points).

The metallurgy sector accounted for 40.4% of the RTS Siberia Index' total capitalization. The other large-weight sectors were power (33.0%) and oil & gas (15.1%).

The RTS family of indices

Index

Last Value

Change over (Period), %

Week

Month

Quarter

Year

RTS Index

1,928.58

2.28%

8.94%

20.35%

31.82%

RTS Standard Index

12,102.33

1.38%

6.22%

14.56%

25.35%

RTS-2 Index

2,321.56

0.44%

3.74%

16.92%

49.93%

RTS Metals & Mining Index

369.50

-0.36%

3.85%

28.45%

50.84%

RTS Oil & Gas Index

225.39

5.52%

14.43%

22.86%

24.26%

RTS Consumer & Retail Index

447.94

-0.44%

1.64%

24.62%

76.77%

RTS Industrial Index

236.22

0.82%

11.86%

29.60%

73.08%

RTS Telecom Index

284.95

2.23%

7.76%

24.09%

35.38%

RTS Finances Index

480.77

-1.78%

6.14%

15.00%

20.58%

RTS Electric Utilities Index

283.91

-0.04%

3.79%

8.13%

26.18%

RTS Siberia Index

1,003.74

-1.22%

0.38%

13.34%

21.99%

Russian Volatility Index

24.29

-2.03%

-7.61%

-7.68%

-35.94%

For the week the RTS Index gained 2.28% to reach 1,928.58 points (1,885.53 points as of January 28, 2011), the RTS Standard Index (blue chips index) went up by 1.38% to end up at 12,102.33 points (11,937.63 points as of January 28, 2011).

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 2.03% to reach 24.29 points (24.80 points as of January 28, 2011).

Last week all the key economy sectors represented on the Russian stock market demonstrated positive dynamics. The largest growth was shown by the oil & gas section, with the RTS Oil & Gas Index going up by 5.52%. A significant increase was also demonstrated by the telecommunication sector, with the RTS Telecom Index adding 2.23%. The largest decline was reported by finance sector with the RTS Finances Index going down by 1.78%.

The regional RTS Siberia Index went down by 1.22%.

The US dollar depreciated by 1.09% against the Russian ruble to reach 29.35 rubles per US dollar (29.67 rubles as of January 28, 2011).