RTS Released 14 - 18 February Index Weekly Wrap up
OREANDA-NEWS. February 28 2011. For the week of February 14-18, 2011 the Russian stock market showed a decline of prices.
The RTS Index (RTSI) went down to 1,868.40 points (0.72%) from 1,881.90 points as of February 11, 2011. At the end of the week the RTS Index was 1.71% higher than a month ago (1,900.94 points as of January 18, 2011) and 32.43% higher than a year ago (1,410.85 points as of February 18, 2010).
Decline in prices on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 9.30%.
Over the week the US dollar lost 0.37% against the Russian ruble.
Out of 50 RTSI constituents 14 were pulling the Index down (down 31.75 points overall), whereas 30 securities had a positive impact (plus 18.25 points in total). The price for six securities remained unchanged.
The negative effect leaders were ordinary shares of Gasprom (down 16.82 points), "OJSC "MMC "
The positive impact was mainly related to the growing prices for ordinary shares of OJSC Uralkali (plus 3.58 points).
Over 49.93% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (16.82%) and metallurgy (16.01%).
On the sector level the major negative contributor was the oil & gas sector (down 13.18 points in total).
For the week of February 14-18, 2011 the trading volume in the RTSI derivatives amounted to 784.49 billion rubles or 6.88 million contracts. The turnover of futures contracts on the RTS Index made up 71.55% of the total FORTS turnover (Futures and Options on RTS) in cash terms.
With the RTSI losing 0.72%, March contracts and June contracts shed 1.31% and 1.36% respectively.
During the reviewed period RTSI linked futures were trading below the spot. By the end of the week March contracts were 21.80 points in backwardation, while for June contracts backwardation stood at 38.65 points.
For the week investor's open interest measured in contracts increased by 27.31%.
For the week of February 14-18, 2011 the RTS Standard Index experienced negative movement of prices.
The RTS Standard Index went down by 1.89% to 11,537.00 points (11,759.78 points as of February 11, 2011). At the end of the week the RTS Standard Index was 4.26% higher than a month ago (12,050.51 points as of January 18, 2011) and 24.95% higher than a year ago (9,233.08 points as of February 18, 2010).
Out of 15 constituents ten had a negative impact on the RTS Standard Index (down 261.86 points overall). Five securities moved positively (plus 39.08 points).
The most negative impact was mainly due to the falling prices for ordinary shares of Gazprom (down 143.24 points) and "OJSC "MMC "NORILSK NICKEL" (down 83.52 points).
The positive impact was mainly due to the growing prices for preferred shares of OJSC Uralkali (plus 26.04 points).
Out of the blue chips the top fallers were ordinary shares of "OJSC "MMC "NORILSK NICKEL" that lost 6.02% followed by preferred shares of Gazprom that went down by 5.92% and ordinary shares of "Surgutneftegas" OJSC that shed 3.39%.
The oil & gas sector accounted for 56.21% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (20.67%) and metallurgy (14.06%).
Second-tier stocks
For the week of February 14-18, 2011 the second tier stocks market demonstrated multidirectional
dynamics.
Over the reviewed period the RTS-2 Index added 0.26% to reach 2,295.47 points (2,289.44 points as of February 11, 2011). At the end of the week the RTS-2 Index was 1.75% higher than a month ago (2,336.24 points as of January 18, 2011), and 50.02% higher than a year ago (1,530.10 points as of February 18, 2010).
23 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 39.98 points overall), whereas 22 instruments were offsetting this effect (down 33.95 points). The price for 23 securities remained unchanged.
Most of the positive effect was related to the growing prices for ordinary shares of OJSC "Magnit" (plus 7.97 points), OJSC "VolgaTelecom" (plus 4.12 points) and PJSC "NCSP" (plus 3.94 points).
The negative impact was mainly due to the falling prices for ordinary shares of JSC "IDGC Holding" (down 14.73 points).
In terms of weight in the RTS-2 Index, the power sector was the largest (29.1%), followed by the consumer goods & trading sector (18.1%) and metallurgy sector (13.9%).
Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: consumer & retail (plus 8.82 points overall) followed by metallurgy (plus 4.83 points in total).
RTS
For the week of February 14-18, 2011 stocks constituting the RTS Siberia Index showed multidirectional movements.
The RTS Siberia Index went down by 0.59% to close at 985.35 points (991.18 points as of February 11, 2011). At the end of the week the RTS Siberia Index was 4.11% lower than a month ago (1,027.59 points as of January 18, 2011) and 22.35% higher than a year ago (805.37 points as of February 18, 2010).
Out of the 11 component stocks four had negative impact on the Index's dynamics (down 16.10 points). Four securities moved positively (plus 10.27 points). The price for three securities remained unchanged.
The negative impact on RTS Siberia Index was coming only from the price decline of ordinary shares of "OJSC "MMC "NORILSK NICKEL" (down 9.99 points) and JSC "RusHydro" (down 2.15).
The positive effect leaders were ordinary shares of JSC Gazprom Neft (plus 9.36 points).
The metallurgy sector accounted for 38.7% of the RTS Siberia Index' total capitalization. The other large-weight sectors were power (32.5%) and oil & gas (17.0%).
For the week the RTS Index lost 0.72% to reach 1,868.40 points (1,881.90 points as of February 11, 2011), the RTS Standard Index (blue chips index) decreased by 1.89% to end up at 11,537.00 points (11,759.78 points as of February 11, 2011).
Decrease on the stock market was accompanied by a decline of volatility levels when the Russian Volatility Index RTSVX went down by 9.30% to reach 26.19 points (28.88 points as of February 11, 2011).
Last week most of the key economy sectors represented on the Russian stock market demonstrated multidirectional dynamics. The largest decline was shown by the power sector with the RTS Electric Utilities Index fell 1.49%.The substantial downturn was also reported by the oil & gas industry with the RTS Oil & Gas lost 0.96%. The largest upturn was demonstrated by the financial and industrial sectors with the RTS Finances Index and RTS Industrial Index increasing by 2.03% and 1.55% respectively.
The regional RTS Siberia Index lost 0.59%.
The US dollar depreciated by 0.37% against the Russian ruble to reach 29.24 rubles per US dollar (29.35 rubles as of February 11, 2011).
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