OREANDA-NEWS. July 12, 2011. For the week of June 27 - July 1, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1.937.57 points (4.34%) from 1.857.04 points as of June 24, 2011. At the end of the week the RTS Index was 3.24% higher than a month ago (1,876.81 points as of June 1, 2011) and 50.35% higher than a year ago (1,288.72 points as of July 1, 2010).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 4.00%.

Over the week the US dollar lost 0.66% against the Russian ruble.

Out of 50 RTSI constituents 30 were pushing the Index upwards (plus 85.09 points overall), whereas 10 securities behaved negatively (down 4.55 points in total), price for 10 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 22.98 points), Gazprom (plus 11.36 points) and JSC  "LUKOIL" (plus 8.99 points).

The negative impact was mainly related to the falling prices for ordinary shares of JSC "Polymetal" (down 1.83 points).

In the oil and gas sector 48.67% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (20.65%) and metals & mining (15.64%).

On the sector level the major positive contributors were the oil & gas (plus 36.19 points in total) and finance sectors (plus 30.67 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 736.54 billion rubles or 7.07 million contracts. Futures contracts on the RTS Index made up 65.36% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 4.34%, September contracts went up by 5.83% by the settlement date and December contracts grew by 5.61%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week September contracts were 8.52 points in backwardation, while for December contracts backwardation stood at 14.37 points.

For the week the total investor's open interest measured in contracts increased by 15.19%.

The RTS Standard Index

For the week of June 27 - July 1, 2011 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 3.92% to 11,544.74 points (11,109.70 points as of June 24, 2011). At the end of the week the RTS Standard Index was 3.21% higher than a month ago (11,185.99 points as of June 1, 2011) and 34.67% higher than a year ago (8,572.75 points as of July 1, 2010).

Out of 15 RTS Standard Index constituents 14 were pushing the Index upwards (plus 437.17 points overall), whereas one security behaved negatively (down 2.13 points).

The positive effect leaders were ordinary shares of Sberbank (plus 153.97 points), Gazprom (plus 64.39 points) and JSC  "LUKOIL" (plus 48.83 points).

The negative impact was mainly related to the falling prices for ordinary shares of OJSC "Polyus Gold" (down 2.13 points).

Out of the blue chips the top risers were ordinary shares and preferred shares of Sberbank that gained 7.68% and 7.60% respectively, followed by ordinary shares of JSC VTB Bank that went up by 6.77%.

The oil & gas sector accounted for 52.52% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (25.43%) and metallurgy (12.93%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

GAZPS

Gazprom, ordinary

18.92%

14.82%

SBERS

Sberbank, ordinary

18.74%

14.68%

SBERPS

Sberbank, preferred

1.64%

1.28%

LKOHS

LUKOIL, ordinary

16.76%

13.12%

GMKNS

NORILSK NICKEL, ordinary

10.84%

8.49%

ROSNS

Rosneft, Ѓ  ordinary

8.22%

6.43%

SNGSS

Surgutneftegas, ordinary

5.58%

4.37%

SNGSPS

Surgutneftegas, preferred

1.64%

1.28%

VTBRS

VTB Bank, ordinary

5.05%

3.95%

URKAS

Uralkali, ordinary

4.28%

3.35%

HYDRS

RusHydro, ordinary

2.60%

2.03%

FEESS

FGS UES, ordinary

2.25%

1.76%

CHMFS

Severstal, ordinary

2.09%

1.63%

TRNFPS

Transneft, preferred

1.41 %

1.10%

Total

 

100.00%

78.28%

Second-tier stocks

For the week of June 27 - July 1, 2011 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 0.38% to reach 2,214.01 points (2,222.35 points as of June 24, 2011). At the end of the week the RTS-2 Index was 2.30% higher than a month ago (2,164.21 points as of June 1, 2011), and 38.59% higher than a year ago (1,597.57 points as of July 1, 2010).

13 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 40.35 points overall), 17 instruments pulled the Index upwards (plus 32.01 points). The price for 28 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "Polymetal" (down 17.67 points), "IDGC of Center and Volga Region, JSC" (down 6.87 points) and JSC "OGK-2" (down 3.99 points).

The positive effect leaders were ordinary shares of JSC "IDGC Holding" (plus 6.72 points) and preferred shares of JSOC Bashneft (plus 5.11 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (38.09%), followed by the metallurgy sector (18.24%) and oil & gas sector (12.29%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: metallurgy (down 12.04 points in total) and power (down 6.85).

RTS Siberia Index

For the week of June 27 - July 1, 2011 stocks constituting the RTS Siberia Index experienced a positive trend.

The RTS Siberia Index added 0.17% to close at 901.61 points (900.05 points as of June 24, 2011). At the end of the week the RTS Siberia Index was 0.70% lower than a month ago (907.97 points as of June 1, 2011) and 15.38% higher than a year ago (781.43 points as of July 1, 2010).

Out of the 10 component stocks four were moving the RTS Siberia Index up (plus 14.00 points), one security pushed the Index down (down 12.44 points). The price for four securities remained unchanged.

The positive effect leaders were ordinary shares of JSC  Raspadskaya (plus 6.33 points), followed by "OJSC "MMC "NORILSK NICKEL" (plus 4.75 points) and JSC "RusHydro" (plus 2.10 points).

The negative effect leaders were ordinary shares of JSC "Irkutskenergo" (down 12.44 points).

The power sector accounted for 45.14% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (39.79%) and oil & gas (15.07%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,937.57

4.34%

3.24%

-6.70%

50.35%

RTS Standard Index

11,544.74

3.92%

3.21%

-8.69%

34.67%

RTS-2 Index

2214.01

-0.38%

2.30%

-6.54%

38.59%

RTS Metals & Mining Index

358.76

1.18%

2.74%

-5.74%

58.37%

RTS Oil & Gas Index

224.02

3.99%

1.58%

-9.02%

43.24%

RTS Consumer & Retail Index

420.8

-0.18%

-0.40%

-6.22%

48.02%

RTS Industrial Index

207.88

1.37%

-0.63%

-13.86%

51.12%

RTS Finances Index

445.88

4.56%

1.32%

-9.65%

44.96%

RTS Electric Utilities Index

250.38

1.13%

4.00%

-9.03%

10.74%

RTS Siberia Index

901.61

0.17%

-0.70%

-8.60%

15.38%

Russian Volatility Index

22.83

-4.00%

-15.26%

0.88%

-47.09%

The RTS Index went up by 4.34% to reach 1,937.57 points (1,857.04 points as of June 24, 2011). The RTS Standard Index, the blue chips index, gained 3.92% to reach 11,544.74 points (11,109.70 points as of June 24, 2011). The "second-tier" stock index - RTS-2 experienced a decrease of 0.38% closing at 2,214.01 points (2,222.35 points as of June 24, 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 4.00% to reach 22.83 points (23.78 points as of June 24, 2011).

Last week all the key economy sectors represented on the Russian stock market demonstrated a positive trend. The largest growth was reported by the finances sector, with the RTS Finances Index adding 4.56%. In addition, a significant growth was showed by oil & gas and industrial sectors, with the RTS Oil & Gas Index and RTS Industrial Index going up by 3.99% and 1.37% respectively. A decline was reported only by the consumer sector, with the RTS Consumer & Retail Index losing 0.18%.

The regional index, RTS Siberia Index, added 0.17%.

Last week the US dollar depreciated by 0.66% against the ruble to reach 27.87 rubles per US dollar (28.06 rubles as of June 24, 2011).