OREANDA-NEWS. July 29, 2011. For the week of July 18-22, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,976.82 points (1.98%) from 1,938.54 points as of July 15, 2011. At the end of the week the RTS Index was 5.24% higher than a month ago (1,878.38 points as of June 22, 2011) and 37.00% higher than a year ago (1,442.91 points as of July 22, 2010).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 2.71%.

Over the week the US dollar lost 0.55% against the Russian ruble.

Out of 49 RTSI constituents 30 were pushing the Index upwards (plus 46.06 points overall), whereas 11 securities behaved negatively (down 7.77 points in total), price for 8 securities remained unchanged.

The positive effect leaders were ordinary shares of JSC  "LUKOIL" (plus 7.68 points), JSC "NOVATEK" (plus 7.14 points) and Rosneft (plus 5.47 points).

The negative impact was mainly related to the falling prices for ordinary shares of Sberbank (down 7.00 points).

In the oil and gas sector 49.16% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (19.92%) and metals & mining (15.60%).

On the sector level the major positive contributors were the oil & gas (plus 32.38 points in total) and power sectors (plus 5.22 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 759.53 billion rubles or 7.05 million contracts. Futures contracts on the RTS Index made up 66.73% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.98%, September contracts went up by 2.09% by the settlement date and December contracts grew by 2.49%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week September contracts were 9.57 points in backwardation, while for December contracts backwardation stood at 9.07 points.

For the week the total investor's open interest measured in contracts increased by 1.41%.

The RTS Standard Index

For the week of July 18-22, 2011 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 0.39% to 11,681.50 points (11,636.17 points as of July 15, 2011). At the end of the week the RTS Standard Index was 4.72% higher than a month ago (11,155.10 points as of June 22, 2011) and 22.98% higher than a year ago (9,498.57 points as of July 22, 2010).

Out of 14 RTS Standard Index constituents nine were pushing the Index upwards (plus 135.88 points overall), whereas five securities behaved negatively (down 90.55 points).

The positive effect leaders were ordinary shares of JSC  "LUKOIL" (plus 35.28 points), Rosneft (plus 30.56 points) and OJSC Uralkali (plus 16.67 points).

The negative impact was mainly related to the falling prices for ordinary shares of Sberbank (down 78.23 points).

Out of the blue chips the top risers were preferred shares of "Surgutneftegas" OJSC that gained 3.85%, followed by ordinary shares of Rosneft and OJSC Uralkali that went up by 3.23% and 3.10% respectively.

The oil & gas sector accounted for 52.87% of the RTS Standard Index' total capitalization. The other large- weight sectors were finance (24.61%) and metallurgy (13.02%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

GAZPS

Gazprom, ordinary

18.44%

14.40%

SBERS

Sberbank, ordinary

18.03%

14.05%

SBERPS

Sberbank, preferred

1.68%

1.31%

LKOHS

LUKOIL, ordinary

17.35%

13.52%

GMKNS

NORILSK NICKEL, ordinary

10.95%

8.54%

ROSNS

Rosneft, ordinary

8.37%

6.52%

SNGSS

Surgutneftegas, ordinary

5.52%

4.30%

SNGSPS

Surgutneftegas, preferred

1.70%

1.32%

VTBRS

VTB Bank, ordinary

4.90%

3.82%

URKAS

Uralkali, ordinary

4.75%

3.70%

HYDRS

RusHydro, ordinary

2.53%

1.98%

FEESS

FGS UES, ordinary

2.21%

1.73%

CHMFS

Severstal, ordinary

2.07%

1.61%

TRNFPS

Transneft, preferred

1.46%

1.14%

Total

 

100.00%

77.93%

Second-tier stocks

For the week of July 18-22, 2011 the second tier stocks market demonstrated positive dynamics.

Over the reviewed period the RTS-2 Index added 1.63% to reach 2,258.28 points (2,222.15 points as of July 15, 2011). At the end of the week the RTS-2 Index was 0.74% higher than a month ago (2,241.74 points as of June 22, 2011), and 35.89% higher than a year ago (1,661.82 points as of July 22, 2010).

18 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 41.89 points overall), 13 instruments pulled the Index downwards (down 5.75 points). The price for 27 securities remained unchanged.

The positive effect leaders were preferred and ordinary shares of JSOC Bashneft (plus 10.83 and 6.92 points respectively), followed by ordinary shares of JSC Acron (plus 3.84 points).

Most of the negative effect was related to the falling prices for ordinary shares of "MOSTOTREST" (down 0.88 points) and JSC "INTER RAO UES" (down 0.78 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (38.03%), followed by the metallurgy sector (17.58%) and oil & gas sector (13.10%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: oil & gas (plus 17.75 points) and power (plus 6.78 points).

RTS Siberia Index

For the week of July 18-22, 2011 stocks constituting the RTS Siberia Index experienced a negative trend.

The RTS Siberia Index lost 0.16% to close at 905.68 points (907.17 points as of July 15, 2011). At the end of the week the RTS Siberia Index was 0.70% higher than a month ago (899.39 points as of June 22, 2011) and 12.86% higher than a year ago (802.45 points as of July 22, 2010).

Out of the 9 component stocks three were moving the RTS Siberia Index down (down 5.77 points). One security moved positively (plus 4.28 points). The price for five securities remained unchanged.

The negative effect leaders were ordinary shares of Gazprom (down 3.70 points), JSC "RusHydro" (down 1.70 points) and "OJSC "MMC "NORILSK NICKEL" (down 0.37 points).

The positive effect leaders were ordinary shares of JSC  Raspadskaya (plus 4.28 points).

The power sector accounted for 44.55% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (40.33%) and oil & gas (15.12%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,976.82

1.98%

5.24%

-3.52%

37.00%

RTS Standard Index

11,681.50

0.39%

4.72%

-4.87%

22.98%

RTS-2 Index

2,258.28

1.63%

0.74%

-2.98%

35.89%

RTS Metals & Mining Index

363.20

2.17%

1.94%

-2.90%

48.01%

RTS Oil & Gas Index

231.38

3.63%

5.68%

-5.37%

33.89%

RTS Consumer & Retail Index

450.94

1.91%

6.75%

2.99%

47.38%

RTS Industrial Index

212.54

-0.22%

2.84%

-9.31%

54.27%

RTS Finances Index

443.92

0.55%

2.68%

-6.38%

27.67%

RTS Electric Utilities Index

251.85

0.09%

-0.57%

-5.24%

4.65%

RTS Siberia Index

905.68

-0.16%

0.70%

-7.08%

12.86%

Russian Volatility Index

22.94

-2.71%

-4.14%

-1.14%

-32.14%

The RTS Index went up by 1.98% to reach 1,976.82 points (1,938.54 points as of July 15, 2011). The RTS Standard Index, the blue chips index, gained 0.39% to reach 11,681.50 points (11,636.17 points as of July 15, 2011). The "second-tier" stock index - RTS-2 experienced an increase of 1.63% closing at 2,258.28 points (2,222.15 points as of July 15, 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 2.71% to reach 22.94 points (23.58 points as of July 15, 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 oil & gas sector, with the RTS Oil & Gas Index adding 3.63%. In addition, a significant growth was showed by metallurgy and consumer sectors, with the Metals & Mining Index and RTS Consumer & Retail Index going up by 2.17% and 1.91% respectively. A decline was reported only by the industrial sector, with the RTS Industrial Index losing 0.22%. The regional index, RTS Siberia Index, lost 0.16%.

Last week the US dollar depreciated by 0.55% against the ruble to reach 27.91 rubles per US dollar (28.06 rubles as of July 15, 2011).