OREANDA-NEWS. October 21, 2011. For the week of October 10-14, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,449.28 points (10.47%) from 1,311.91 points as of October 7, 2011. At the end of the week the RTS Index was 7.71% lower than a month ago (1,570.38 points as of September 14, 2011) and 8.68% lower than a year ago (1,586.94 points as of October 14, 2010).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 0.53%.

Over the week the US dollar lost 4.02% against the Russian ruble.

Out of 50 RTSI constituents 40 were pushing the Index upwards (plus 138.55 points overall), whereas four securities behaved negatively (down 1.19 points in total), price for six securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 34.68 points), Gazprom (plus 23.26 points) and OAO "LUKOIL" (plus 18.23 points).

The negative impact was mainly related to the falling prices for ordinary shares of OJSC "Magnit" (down 0.99 points).

In the oil and gas sector 48.71% of the RTSI total capitalization was concentrated. The other large-weight sectors were financial (17.96%) and metals & mining (13.82%).

On the sector level the major positive contributors were the oil & gas (plus 64.35 points in total) and financial sectors (plus 40.17 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 811.12 billion rubles or 9.44 million contracts. Futures contracts on the RTS Index made up 66.02% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 10.47%, December contracts went up by 9.07% by the settlement date and March contracts grew by 8.98%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week December contracts were 13.53 points in backwardation, while for March contracts backwardation stood at 28.68 points.

For the week the total investor's open interest measured in contracts increased by 22.70%.

The RTS Standard Index

For the week of October 10-14, 2011 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 6.96% to 9,748.88 points (9,114.32 points as of October 7, 2011). At the end of the week the RTS Standard Index was 4.47% lower than a month ago (10,204.52 points as of September 14, 2011) and 4.02% lower than a year ago (10,157.15 points as of October 14, 2010).

All constituents of the RTS Standard Index were pushing the Index upwards (plus 634.56 points overall).

The positive effect leaders were ordinary shares of Sberbank (plus 239.53 points), Gazprom (plus 132.21 points) and OAO "LUKOIL" (plus 95.29 points).

The negative impact was mainly related to the falling prices for ordinary shares of Gazprom (down 15.98 points).

Out of the blue chips the top risers were ordinary and preferred shares of Sberbank that gained 18.04% and 14.85% respectively, followed by ordinary shares of "FGC UES ", JSC that went up by 12.95%.

The oil & gas sector accounted for 52.97% of the RTS Standard Index' total capitalization. The other large- weight sectors were financial (22.38%) and metals (12.31%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

GAZPS

Gazprom, ordinary

18.54%

15.04%

LKOHS

LUKOIL, ordinary

16.80%

13.63%

SBERS

Sberbank, ordinary

16.08%

13.04%

SBERPS

Sberbank, preferred

1.36%

1.10%

GMKNS

NORILSK NICKEL, ordinary

10.26%

8.32%

URKAS

Uralkali, ordinary

7.94%

6.44%

ROSNS

Rosneft, Ѓ  ordinary

7.33%

5.95%

SNGSS

Surgutneftegas, ordinary

5.27%

4.28%

SNGSPS

Surgutneftegas, preferred

1.79%

1.45%

VTBRS

VTB Bank, ordinary

4.05%

3.28%

RTKMS

Rostelecom, ordinary

4.02%

3.26%

HYDRS

RusHydro, ordinary

2.26%

1.84%

FEESS

FGS UES, ordinary

1.65%

1.34%

CHMFS

Severstal, ordinary

1.55%

1.26%

TRNFPS

Transneft, preferred

1.10%

0.89%

Total

 

100.00%

81.12%

Second-tier stocks

For the week of October 10-14, 2011 the second tier stocks market demonstrated positive dynamics.

Over the reviewed period the RTS-2 Index added 6.06% to reach 1,588.11 points (1,497.35 points as of October 7, 2011). At the end of the week the RTS-2 Index was 13.78% lower than a month ago (1,841.98 points as of September 14, 2011), and 20.55% lower than a year ago (1,998.83 points as of October 14, 2010).

23 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 98.08 points overall), 11 instruments pulled the Index downwards (down 7.32 points). The price for 24 securities remained unchanged.

Most of the positive effect was related to the rising prices for ordinary shares of JSC "IDGC Holding" (plus 15.19 points), JSOC Bashneft (plus 10.71 points) and JSC "Polymetal" (plus 10.49 points). The negative effect leaders were ordinary shares of OJSC "Power machines" (down 1.73 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (38.78%), followed by the metals & mining sector (17.74%) and oil & gas sector (14.30%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 41.56 points) and oil & gas (plus 20.10 points).

RTS Siberia Index

For the week of October 10-14, 2011 stocks constituting the RTS Siberia Index experienced a positive trend.

The RTS Siberia Index added 4.96% to close at 688.17 points (655.67 points as of October 7, 2011). At the end of the week the RTS Siberia Index was 17.56% lower than a month ago (834.71 points as of September 14, 2011) and 22.82% lower than a year ago (891.69 points as of October 14, 2010).

Out of the 9 component stocks six were moving the RTS Siberia Index up (plus 32.51 points). The price for four securities remained unchanged.

The positive effect leaders were ordinary shares of JSC "Irkutskenergo" (plus 12.00 points), OAO Raspadskaya (plus 7.30 points) and JSC Gazprom Neft (plus 6.15 points).

The negative effect leaders were ordinary shares of JSC "WGC-3" (down 4.48 points) and JSC "TGK-11" (down 0.12 points).

The power sector accounted for 45.24% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metals & mining (38.87%) and oil & gas (16.90%).

The RTS family of indices

Index

Last Value

Change over (Period), %

Week

Month

Quarter

Year

RTS Index

1,449.28

10.47%

-7.71%

-25.28%

-8.68%

RTS Standard Index

9,748.88

6.96%

-4.47%

-15.87%

-4.02%

RTS-2 Index

1,588.11

6.06%

-13.78%

-28.78%

-20.55%

RTS Metals & Mining Index

248.80

7.69%

-15.68%

-30.25%

-16.71%

RTS Oil & Gas Index

178.60

9.71%

-4.05%

-20.13%

-3.71%

RTS Consumer & Retail Index

274.95

-1.83%

-17.94%

-37.83%

-21.36%

RTS Industrial Index

137.74

-3.52%

-23.31%

-35.42%

-19.61%

RTS Finances Index

297.26

9.43%

-12.68%

-32.26%

-24.57%

RTS Electric Utilities Index

174.99

9.79%

-8.99%

-31.15%

-34.30%

RTS Siberia Index

688.17

4.96%

-17.56%

-24.61%

-22.82%

Russian Volatility Index

51.20

-0.53%

5.90%

117.69%

120.24%

The RTS Index went up by 10.47% to reach 1,449.28 points (1,311.91 points as of October 7, 2011). The RTS Standard Index, the blue chips index, gained 6.96% to reach 9,748.88 points (9,114.32 points as of October 7, 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 0.53% to reach 51.20 points (51.47 points as of October 7, 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 power sector, with the RTS Electric Utilities Index adding 9.79%. In addition, a significant growth was showed by oil & gas and financial sectors, with the RTS Oil & Gas Index and RTS Finances Index going up by 9.71% and 9.43% respectively. A decline was reported only by the industry and consumer sectors, with the RTS Industrial Index and RTS Consumer & Retail Index losing 3.52% and 1.83% respectively.

The regional index, RTS Siberia Index, added 4.96%.

Last week the US dollar depreciated by 4.02% against the ruble to reach 32.20 rubles per US dollar (32.51 rubles as of October 7, 2011).