OREANDA-NEWS. October 27, 2011. For the week of October 17-21, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,456.73 points (0.51%) from 1,449.28 points as of October 14, 2011. At the end of the week the RTS Index was 4.08% lower than a month ago (1,518.64 points as of September 21, 2011) and 9.23% lower than a year ago (1,604.86 points as of October 21, 2010).

The securities market growth was accompanied by lower volatility. The Russian Volatility Index (RTSVX) went down by 2.11%.

Over the week the US dollar gained 0.57% against the Russian ruble.

Out of 50 RTSI constituents 24 were pushing the Index upwards (plus 15.66 points overall), whereas 13 securities behaved negatively (down 8.20 points in total). The price for 13 securities remained unchanged.

The positive effect leaders were ordinary shares of OAO "LUKOIL" (plus 2.42 points), Gazprom (plus 2.20 points) and Sberbank (plus 1.66 points).

The negative impact was mainly related to the falling prices for ordinary shares of OJSC "MMC "NORILSK NICKEL" (down 2.59 points).

In the oil and gas sector 48.84% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (18.06%) and metals & mining (13.58%).

On the sector level the major positive contributors were the oil & gas sector (plus 5.43 points in total) and the banks & finance sector (plus 2.84 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 856.74 billion rubles or 9.78 million contracts. Futures contracts on the RTS Index made up 67.44% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 0.51%, December contracts and March contracts went up by 0.33% and 0.28% respectively.

Last week RTSI linked futures were trading below the spot. December contracts closed 16.23 points in backwardation, whereas for March contracts backwardation stood at 32.58 points.

For the week the total investor's open interest measured in contracts increased by 9.10%.

The RTS Standard Index

For the week of October 17-21, 2011 the ruble RTS Standard Index showed an uptrend.

The RTS Standard Index went up by 0.77% to 9,823.66 points (9,748.88 points as of October 14, 2011). At the end of the week the RTS Standard Index was 4.10% lower than a month ago (10,243.21 points as of September 21, 2011) and 6.55% lower than a year ago (10,512.10 points as of October 21, 2010).

10 out of 15 constituents of the RTS Standard Index had a positive impact on the index dynamics (plus 114.06 points overall), five securities were pushing the RTS Standard Index down (down 39.28 points).

The positive effect leaders were ordinary shares of OAO "LUKOIL" (plus 31.43 points), Gazprom (plus 30.78 points) and Sberbank (plus 24.69 points).

Out of the blue chips the top risers were preferred shares of JSC "Transneft" that gained 8.61% followed by Sberbank that added 5.67% and ordinary shares of OAO "LUKOIL" that went up by 1.92%.

The oil & gas sector accounted for 53.18% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (22.59%) and metallurgy (12.03).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

 

 

18.71%

15.11%

LKOHS

LUKOIL, ordinary

17.00%

13.73%

SBERS

Sberbank, ordinary

16.20%

13.09%

SBERPS

Sberbank, preferred

1.42%

1.15%

GMKNS

NORILSK NICKEL, ordinary

10.03%

8.10%

URKAS

Uralkali, ordinary

7.91%

6.39%

ROSNS

Rosneft, ordinary

7.30%

5.90%

SNGSS

Surgutneftegas, ordinary

5.09%

4.11%

SNGSPS

Surgutneftegas, preferred

1.78%

1.44%

VTBRS

VTB Bank, ordinary

4.06%

3.28%

RTKMS

Rostelecom, ordinary

3.97%

3.21 %

HYDRS

RusHydro, ordinary

2.17%

1.75%

FEESS

FGS UES, ordinary

1.64%

1.32%

CHMFS

Severstal, ordinary

1.52%

1.23%

TRNFPS

Transneft, preferred

1.18%

0.96%

Total

 

100.00%

80.77%

Second-tier stocks

For the week of October 17-21, 2011 the second tier stocks market demonstrated positive dynamics.

Over the reviewed period the RTS-2 Index gained 3.80% to reach 1,648.40 points (1,588.11 points as of October 14, 2011). At the end of the week the RTS-2 Index was 8.76% lower than a month ago (1,806.72 points as of September 21, 2011), and 17.07% lower than a year ago (1,987.65 points as of October 21, 2010).

20 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 61.80 points overall), whereas five instruments were offsetting this effect (down 1.51 points). The price for 33 securities remained unchanged.

The positive impact was mainly due to the growing prices for preferred shares of JSOC Bashneft (plus 9.18 points), ordinary shares of JSC "E.ON Russia" (plus 8.46 points) and OJSC Concern "KALINA" (plus 7.15 points).

Most of the negative effect was related to the falling prices for ordinary shares of JSC "Chelpipe" (down 0.59 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (38.83%), followed by the metals & mining sector (17.57%) and oil & gas sector (14.40%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 24.17 points in total) and consumer & retail (plus 14.37 points in total).

RTS Siberia Index

For the week of October 17-21, 2011 stocks constituting the RTS Siberia Index experienced a negative trend.

The RTS Siberia Index lost 0.37% to close at 685.65 points (688.17 points as of October 14, 2011). At the end of the week the RTS Siberia Index was 17.89% lower than a month ago (835.03 points as of September 21, 2011) and 23.47% lower than a year ago (895.95 points as of October 21, 2010).

Out of the 10 component stocks two were moving the RTS Siberia Index down (down 5.46 points), while two securities moved positively (plus 2.94 points). The price for six securities remained unchanged.

The negative effect leaders were ordinary shares of JSC "RusHydro" (down 3.73 points) and OJSC "MMC "NORILSK NICKEL" (down 1.73 points).

The positive effect leaders were ordinary shares of OAO Raspadskaya (plus 2.74 points) and OJSC "Kuzbasskaya Toplivnaya Company" (plus 0.20 points).

The power sector accounted for 44.86% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (38.17%) and oil & gas (16.97%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,456.73

0.51%

-4.08%

-26.15%

-9.23%

RTS Standard Index

9,823.66

0.77%

-4.10%

-15.99%

-6.55%

RTS-2 Index

1,648.40

3.80%

-8.76%

-26.37%

-17.07%

RTS Metals & Mining Index

247.23

-0.63%

-11.56%

-31.77%

-15.99%

RTS Oil & Gas Index

179.85

0.70%

-1.44%

-21.62%

-1.84%

RTS Consumer & Retail Index

303.83

10.50%

-9.00%

-31.37%

-12.90%

RTS Industrial Index

139.91

1.58%

-12.52%

-34.71%

-19.36%

RTS Finances Index

300.96

1.25%

-8.89%

-32.64%

-27.20%

RTS Electric Utilities Index

177.55

1.46%

-7.02%

-29.16%

-33.05%

RTS Siberia Index

685.65

-0.37%

-17.89%

-24.33%

-23.47%

Russian Volatility Index

50.12

-2.11%

12.15%

113.28%

119.14%

The RTS Index went up by 0.51% to reach 1,456.73 points (1,449.28 points as of October 14, 2011). The RTS Standard Index, the blue chips index, gained 0.77% to end up at 9,823.66 points (9,748.88 points as of October 14, 2011).

Last week's growth on the stock market was accompanied by a decline of volatility levels when the Russian Volatility Index RTSVX went down by 2.11% to reach 50.12 points (51.20 points as of October 14, 2011). Last week key economy sectors represented on the Russian stock market demonstrated a positive trend. The largest increase was reported by the consumer sector, with the RTS Consumer & Retail Index adding 10.50%. A significant growth was shown by the industry and power sectors, with the RTS Industrial Index and RTS Electric Utilities Index going up by 1.58% and 1.46% respectively. A slight decline was only seen in the metallurgy sector, with the RTS Metals & Mining Index shedding 0.63%. The regional index, RTS Siberia Index, shrank by 0.37%.

Last week the US dollar appreciated by 0.57% against the ruble to reach 31.38 rubles per US dollar (31.20 rubles as of October 14, 2011).