OREANDA-NEWS. February 18, 2011. In January 2011 the Russian stock market demonstrated positive dynamics.

For the last month the RTS Index went up by 5.65% to 1 870.31 points (1770.28 points on 30 December 2010). Besides, by the end of January RTSI was 26.90% higher compared to its closing level one year ago (1 473,81points on 30 January 2010). The U.S. Dollar went down 2.28% against the Ruble in January.

Stock market growing in January was accompanied by a minor volatility increase: Russian volatility index RTSVX went up by 4.78%.

In January 2011 37 stocks, out of RTSI's total 50 constituents, had positive impact on the Index's dynamics (plus 109.13 index points), 12 securities moved negatively (minus 9.09 points).

The most positive impact was coming from the growing prices of ordinary shares of JSC "Rosneft" (plus 20.53 points), JSC "Lukoil" (plus 18.86 points), JSC "Gazprom" (plus 12.02 points),

The most negative impact was coming from the price decline of ordinary shares JSC "RusHydro" (minus 3.21 points)

48.3% of the RTSI total capitalization concentrated in the Oil & Gas Sector. The other large- weight sectors were Finance (17.4%) and Metallurgy (16.9%).

In January the major positive contributors were the securities of Oil & Gas Sector (plus 61.53 points), Finance (plus 13.99 points) and Metallurgy (plus 13.47 points)

RTSI Futures Contract

Trading in RTSI-linked derivatives amounted to RUR 1 816.25 billion or 16.24 million contracts in January 2011. Futures based on RTSI remained the most liquid derivative contracts making up to 69.0% of the total FORTS (Futures and Options on the RTS) turnover in cash terms.

With RTSI going up 5.65%, the March contracts (RTS-3.11) grew in price by 4.74%, and June contracts (RTS-6.11) by 4.21%

In the passed month the RTSI-based futures were in backwardation, and the March futures closed below the main indicator of a stock market, the RTSI index, by 13.51 points, and the June - 26.16 points.

The volume of opened positions went up by 105.68% compared to the end of December.

The RTS Standard Index

In January 2011 the RTS Standard Index demonstrated positive dynamics

The RTS Standard Index went up by 3.82% to 11828.74 points (11 3931.51 points on 30 December 2010). By the end of the month the RTS Standard Index was 20.37% higher compared to its closing level one year ago (9 827.37 points on 29 January 2010).

In January 2011 11 stocks, out of the RTS Standard Index total 15 constituents, had positive impact on its dynamics (plus 491.52 index points), 4 securities moved negatively (minus 56.28 points).

The most positive impact was coming from the price increase of ordinary shares of JSC "Rosneft" its contribution was plus 141.00 index points, JSC "Lukoil" (plus 101.89 points), JSC "GMK Norilsk Nickel", (plus 51.93 points)

Most of the negative impact was related to the price decline of ordinary shares of JSC "RusHydro" (minus 35.10 points).

Among the blue chips that demonstrated the major growing of prices were JSC "FGS UES", the price increase of its ordinary shares was 20.61%, JSC "Rosneft" -15.86% and privileged shares of JSC "Surgutneftegas" - 8.60%.

The largest falling was demonstrated by the ordinary shares of JSC "RusHydro", its shares went down 0.74%

54.51% of the RTS Standard Index total capitalization concentrated in the Oil & Gas Sector. The other large- weight sectors were Finance (21.37%) and Metallurgy (15.07%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

GAZPS

Gazprom, ordinary

19,38%

15,33%

LKOHS

LUKOIL, ordinary

16,77%

13,27%

SBERS

Sberbank, ordinary

16,46%

13,02%

SBERPS

Sberbank, preferred

1,28%

1,02%

GMKNS

NORILSK NICKEL, ordinary

12,22%

9,67%

ROSNS

Rosneft, ordinary

8,71%

6,89%

SNGSS

Surgutneftegas, ordinary

6,38%

5,05%

SNGSPS

Surgutneftegas, preferred

1,98%

1,57%

URKAS

Uralkali, ordinary

3,82%

3,02%

VTBRS

VTB Bank, ordinary

3,62%

2,87%

HYDRS

RusHydro, ordinary

2,78%

2,20%

FEESS

FGS UES, ordinary

2,46%

1,94%

CHMFS

Severstal, ordinary

2,12%

1,68%

TRNFPS

Transneft, ordinary

1,29%

1,02%

PLZLS

Polyus Gold, ordinary

0,72%

0,57%

Total

 

100,00%

79,12%

In January 2011 the second-tier shares demonstrated a positive trend.

The RTS-2 Index for the past month went up by 3.10% to 2 307.27 (2 237.93 on 30 December 2010). As of the end of January RTS-2 was 53.40% higher compared to its closing level one year ago (1 504.12 points on 29 January 2010).

Out of 68constituent stocks on the RTS-2 Index, 49 had positive impact on its dynamics (plus 89.2 index points), 9 had negative impact (minus 19.8 points). The price of 10 stocks remained unchanged.

Most of the positive impact on the RTS-2 Index was coming from growing prices of ordinary shares of JSC "Uralsvyazinform" (plus 7.00 points), JSC "MRSK Centra" (plus 6.28 points) and JSC "Raspadskaya" (plus 5.94 points).

Most of the negative impact on the RTS-2 Index was coming from the falling prices of the ordinary shares of JSC "Polimetal" (minus 13.72 points).

In terms of weight in RTS-2 Index, the largest were the following Sectors: the Power Sector (30.7%), the Consumer Goods & Trading Sector (18.2%), and the Metallurgy (13.8%)

The largest contribution to the growing RTS-2 in January made securities of the Power Sector (plus 14.63 points in overall), Finance (plus 13.44 points), and Telecommunications (plus 12.53 points).

The RTS Siberia Index

In January 2011 the Siberian stock market showed positive dynamics.

For the last month the RTS Siberia Index went up by 1.00% to 1 009.98 points (999.95 points on 30 December 2010). Besides, by the end of January RTS Siberia Index was 24.61% higher compared to its closing level one year ago (810.53 points on 29 January 2010).

In January 2011 7 stocks, out of RTS Siberia Index's total 11 constituents, had positive impact on the Index's dynamics (plus 28.39 index points), 3 securities had negative impact (minus 18.37 points). The price of 1 stock remained unchanged.

Most of the positive impact was coming from the growing prices of ordinary shares of JSC "Raspadskaya" (plus 7.73 points), JSC "GMK Norilsk Nickel" (plus 6.21 points), and JSC "Uzhniikuzbass" (plus 5.04 points).

40.1% of the RTS Siberia Index total capitalization concentrated in the Metallurgy. The other large-weight sectors were the Power Sector (33.6%) and the Oil & Gas Sector (15.0%).