OREANDA-NEWS. June 1, 2011. For the week of May 23 - May 27, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,858.39 points (1.81%) from 1,825.34 points as of May 20, 2011. At the end of the week the RTS Index was 7.89% lower than a month ago (2,017.64 points as of April 27, 2011) and 36.79% higher than a year ago (1358.60 points as of May 27, 2010).

The securities market growth was accompanied by lower volatility. The Russian Volatility Index (RTSVX) went down by 5.07%.

Over the week the US dollar gained 0.96% against the Russian ruble.

Out of 49 RTSI constituents 20 were pushing the Index upwards (plus 42.45 points overall), whereas 26 securities behaved negatively (down 9.40 points in total). The price for 3 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 7.61 points), Gazprom (plus 6.67 points) and Rosneft (plus 6.59 points).

The negative impact was mainly related to the falling prices for ordinary shares of JSC "Polymetal" (down 1.59 points).

In the oil and gas sector 49.75% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (20.05%) and metals & mining (15.08%).

On the sector level the major positive contributors were the oil & gas sector (plus 21.16 points in total) and the banks & finance sector (plus 10.83 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 891.71 billion rubles or 8.77 million contracts. Futures contracts on the RTS Index made up 63.01% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.81%, June contracts (RTS-06.11) and September contracts (09.11) went up by 2.88% and 2.63% respectively.

Last week RTSI linked futures were trading below the spot. June contracts closed 5.74 points in backwardation, whereas for September contracts backwardation stood at 11.39 points.

For the week the total investor's open interest measured in contracts increased by 10.87%.

The RTS Standard Index

For the week of May 23 - May 27, 2011 the ruble RTS Standard Index showed an uptrend.

The RTS Standard Index went up by 2.60% to 11,141.75 points (10,859.80 points as of May 20, 2011). At the end of the week the RTS Standard Index was 6.68% lower than a month ago (11,938.92 points as of April 27, 2011) and 24.12% higher than a year ago (8,976.67 points as of May 27, 2010).

Twelve out of 15 constituents of the RTS Standard Index had a positive impact on the index dynamics (plus 299.47 points overall), three securities were pushing the RTS Standard Index down (down 17.52 points).

The positive effect leaders were ordinary shares of Sberbank (plus 61.29 points), Gazprom (plus 54.60 points) and Rosneft (plus 51.43 points).

The negative impact was mainly due to the declining prices for ordinary shares of "FGC UES ", JSC (down 10.17 points).

Out of the blue chips the top risers were ordinary shares of OJSC Uralkali that gained 6.81% followed by ordinary shares of Rosneft that added 5.74% and ordinary shares of JSC "Severstal" that went up by 5.50%.

The oil & gas sector accounted for 53.23% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (24.72%) and metallurgy (13.46%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

 

GAZPS

Gazprom, ordinary

19.81%

15.79%

SBERS

Sberbank, ordinary

18.23%

14.53%

SBERPS

Sberbank, preferred

1.44%

1.14%

LKOHS

LUKOIL, ordinary

16.62%

13.24%

GMKNS

NORILSK NICKEL, ordinary

10.61%

8.46%

ROSNS

Rosneft, ordinary

8.51%

6.78%

SNGSS

Surgutneftegas, ordinary

5.30%

4.23%

SNGSPS

Surgutneftegas, preferred

1.65%

1.32%

VTBRS

VTB Bank, ordinary

5.06%

4.03%

URKAS

Uralkali, ordinary

4.08%

3.25%

HYDRS

RusHydro, ordinary

2.59%

2.07%

CHMFS

Severstal, ordinary

2.05%

1.63%

FEESS

FGS UES, ordinary

1.91 %

1.52%

TRNFPS

Transneft, preferred

1.34%

1.07%

PLZLS

Polyus Gold, ordinary

0.80%

0.64%

Total

 

100.00%

79.69%

Second-tier stocks

For the week of May 23 - May 27, 2011 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 2.09% to reach 2,130.52 points (2,176.08 points as of May 20, 2011). At the end of the week the RTS-2 Index was 7.92% lower than a month ago (2,313.87 points as of April 27, 2011), and 32.51% higher than a year ago (1,607.83 points as of May 27, 2010).

29 constituents out of 58 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (down 70.54 points overall), whereas 14 instruments were offsetting this effect (plus 24.98 points). The price for 15 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "Polymetal" (down 14.05 points), preferred shares of JSOC Bashneft (down 9.94 points) and ordinary shares of JSC "IDGC Holding" (down 7.75 points).

The positive impact was mainly due to the growing prices for ordinary shares of OJSC "Magnit" (plus 8.41 points) and OJSC "Volga TGC" (plus 6.50 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (31.70%), followed by the consumer goods & trading sector (18.99%) and metals & mining sector (15.87%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 25.84 points in total) followed by oil & gas (down 11.95 points overall) and metals & mining (down 11.47 points in total).

RTS Siberia Index

For the week of May 23 - May 27, 2011 stocks constituting the RTS Siberia Index were on the rise.

The RTS Siberia Index gained 0.10% to close at 925.53 points (924.59 points as of May 20, 2011). At the end of the week the RTS Siberia Index was 3.79% lower than a month ago (961.97 points as of April 27, 2011) and 10.36% higher than a year ago (838.66 points as of May 27, 2010).

Out of the 10 component stocks 2 were pushing the RTS Siberia Index up (plus 5.14 points), whereas 2 stocks had a negative impact on its dynamics (down 4.20 points). The price for 6 securities remained unchanged.

The positive effect leaders were ordinary shares of OJSC "MMC "NORILSK NICKEL" (plus 2.63 points) and JSC  Raspadskaya (plus 2.52 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "RusHydro" (down 2.76 points) and JSC "WGC-3" (down 1.44 points).

The power sector accounted for 42.71% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metals & mining (36.43%) and oil & gas (15.91%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,858.39

1.81%

-7.89%

-3.85%

36.79%

RTS Standard Index

11,141.8

2.60%

-6.68%

-6.83%

24.12%

RTS-2 Index

2,130.52

-2.09%

-7.92%

-7.06%

32.51%

RTS Metals & Mining Index

349.36

0.35%

-6.02%

-3.23%

37.96%

RTS Oil & Gas Index

217.11

2.30%

-9.79%

-6.16%

31.74%

RTS Consumer & Retail Index

417.63

0.32%

-3.79%

-4.91%

52.97%

RTS Industrial Index

209.47

-0.65%

-10.50%

-12.22%

51.04%

RTS Finances Index

440.79

1.53%

-5.94%

-8.62%

33.54%

RTS Electric Utilities Index

234.65

-4.28%

-10.87%

-13.36%

-4.83%

RTS Siberia Index

925.53

0.10%

-3.79%

-7.34%

10.36%

Russian Volatility Index

25.49

-5.07%

-1.71%

6.22%

-47.02%

For the week the RTS Index gained 1.81% to reach 1,858.39 points (1.825.34 points as of May 20, 2011), the RTS Standard Index (blue chips index) went up by 2.60% to end up at 11,141.75 points (10,859.80 points as of May 20, 2011).

The securities market growth was accompanied by a lower volatility. The Russian Volatility Index (RTSVX) closed at 25.49 points (down 5.07%) compared to 26.85 points as of May 20, 2011.

Last week almost all the key economy sectors represented on the Russian stock market demonstrated positive dynamics. The largest growth was shown by the oil & gas sector, with the RTS Oil & Gas Index going up by 2.30%. A notable increase was also demonstrated by the financial sector, with the RTS Finances Index gaining 1.53%. The largest decline was shown by the power sector, with the RTS Electrical Utilities Index losing 4.28%.

The regional RTS Siberia Index went up by 0.10%.

The US dollar appreciated by 0.96% against the Russian ruble to reach 28.23 rubles per US dollar (27.96 rubles as of May 20, 2011).