OREANDA-NEWS. April 8, 2011. For the week of March 28 - April 1, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 2,076.78 points (1.73%) from 2,041.49 points as of March 25, 2011. At the end of the week the RTS Index was 5.82% higher than a month ago (1,962.66 points as of March 1, 2011) and 29.12% higher than a year ago (1,608.39 points as of April 1, 2010).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 0.42%.

Over the week the US dollar added 0.42% against the Russian ruble.

Out of 50 RTSI constituents 32 were pushing the Index upwards (plus 40.77 points overall), whereas 14 securities behaved negatively (down 5.48 points in total), price for 4 securities remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus 16.38 points), "OJSC "MMC "NORILSK NICKEL" (plus 3.43 points) and Sberbank (plus 2.99 points).

The negative impact was mainly related to the falling prices for ordinary shares of Rosneft (down 2.75 points).

In the oil and gas sector 50.34% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (20.27%) and metals & mining (14.47%).

On the sector level the major positive contributors were the oil & gas (plus 23.58 points in total) and finance sectors (plus 3.74 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 608.28 billion rubles or 5.38 million contracts. Futures contracts on the RTS Index made up 66.43% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.73%, June contracts went up by 2.20% by the settlement date and September contracts grew by 1.94%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week June contracts were 40.18 points in backwardation, while for June contracts backwardation stood at 48.63 points.

For the week the total investor's open interest measured in contracts increased by 6.62%.

The RTS Standard Index

For the week of March 28 - April 1, 2011 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 2.30% to 12,643.28 points (12,359.47 points as of March 25, 2011). At the end of the week the RTS Standard Index was5.24% higher than a month ago (12,013.82 points as of March 1, 2011) and 24.36% higher than a year ago (10,166.64 points as of April 1, 2010).

Out of 15 RTS Standard Index constituents 14 were pushing the Index upwards (plus 300.17 points overall), whereas one security behaved negatively (down 16.35 points).

The positive effect leaders were ordinary shares of Gazprom (plus 136.34 points) and Sberbank (plus 32.84 points).

The negative impact was mainly related to the falling prices for ordinary shares of Rosneft (down 16.35 points).

Out of the blue chips the top risers were ordinary shares of Gazprom that gained 5.59%, preferred shares of "Surgutneftegas" OJSC and Transneft that went up by 5.21% and 5.13% respectively.

The oil & gas sector accounted for 54.45% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (24.53%) and metallurgy (12.72%).

Second-tier stocks

For the week of March 28 - April 1, 2011 the second tier stocks market demonstrated a positive dynamic.

Over the reviewed period the RTS-2 Index added 1.20% to reach 2,368.85 points (2,340.88 points as of March 25, 2011). At the end of the week the RTS-2 Index was 1.47% higher than a month ago (2,334.55 points as of March 1, 2011), and 25.35% higher than a year ago (1,889.81 points as of April 1, 2010).

30 constituents out of 58 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 48.10 points overall), 14 instruments pulled the Index downwards (down 20.13 points). The price for 14 securities remained unchanged.

Most of the positive effect was related to the growing prices for preferred and ordinary shares of JSOC Bashneft (plus 9.23 and 7.82 points respectively) and ordinary shares of JSC "Aeroflot" (plus 5.95 points).

The negative impact was mainly due to the falling prices for ordinary shares of PJSC "NCSP" (down 5.21 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (34.9%), followed by the consumer goods & trading sector (18.5%) and metals & mining sector (15.8%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: oil & gas (plus 17.45 points in total) and power (plus 7.26 points in total).

RTS Siberia Index

For the week of March 28 - April 1, 2011 stocks constituting the RTS Siberia Index experienced a negative trend.

The RTS Siberia Index lost 0.37% to close at 986.47 points (990.10 points as of March 25, 2011). At the end of the week the RTS Siberia Index was 1.45% lower than a month ago (1,000.99 points as of March 1, 2011) and 1.09% lower than a year ago (997.29 points as of April 1, 2010).

Out of the 11 component stocks four were moving the RTS Siberia Index down (down 11.98 points), three securities pushed the Index up (plus 8.35 points). The price for three securities remained unchanged.

The negative effect leaders were ordinary shares of JSC  Raspadskaya (down 6.16 points), JSC "WGC-3" (down 3.76 points) and PJSC Belon (down 1.31 points).

The positive effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 4.12 points).

The power sector accounted for 41.4% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (37.6%) and oil & gas (15.5%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

2,076.78

1.73%

5.82%

17.31%

29.12%

RTS Standard Index

12,643.28

2.30%

5.24%

10.97%

24.36%

RTS-2 Index

2,368.85

1.20%

1.47%

5.85%

25.35%

RTS Metals & Mining Index

380.62

0.73%

3.55%

6.98%

32.86%

RTS Oil & Gas Index

246.23

2.16%

5.00%

25.01%

27.64%

RTS Consumer & Retail Index

448.73

2.50%

1.07%

1.82%

44.54%

RTS Industrial Index

241.33

2.46%

0.87%

14.28%

51.37%

RTS Finances Index

493.50

-0.35%

0.94%

8.95%

15.74%

RTS Electric Utilities Index

275.23

1.21%

0.03%

0.61%

-4.15%

RTS Siberia Index

986.47

-0.37%

-1.45%

-1.35%

-1.09%

Russian Volatility Index

22.63

-7.77%

-13.07%

-13.93%

-19.49%

For the week the RTS Index gained 1.73% to reach 2,076.78 points (2,041.49 points as of March 25, 2011), the RTS Standard Index (blue chips index) went up by 2.30% to end up at 12,643.28 points (12,359.47 points as of March 25, 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 7.77% to reach 22.63 points (24.54 points as of March 25, 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 consumer sector. The RTS Consumer & Retail Index grew by 2.50%. The substantial upturn was also demonstrated by the industrial and oil & gas sectors with the RTS Industrial Index and RTS Oil & Gas Index increasing by 2.46% and 2.16% respectively. Decline was reported only by the finance sector with the RTS Finances Index shedding 0.35%.

The regional RTS Siberia Index went down 0.37%.

The US dollar appreciated by 0.42% against the Russian ruble to reach 28.52rubles per US dollar (28.40 rubles as of March 25, 2011).