The Russian equities market: April market performance roundup
Equities performance:
In April 2009, the promising recovery signs registered at the end of last month on the Russian equities market gained more strength at the end April as the equities market closed the month on positive moods. Thus, the RTS-1 Index, the tracker of Russian blue-chips’ equity performances, went up by 20.77% m-o-m, as the local bourse closed on April 30 at 832.87 points, up from 689.63 points on March 31.
Index Closing value
Monthly change, % RTS Index 832,87 20,77% RTS Index-2 636,18 23,49% RTS Index - Oil & Gas 131,28 19,11% RTS Index - Consumer & Retail 125,39 42,81% RTS Index - Metals & Mining 124,54 15,67% RTS Index - Industrial 57,72 25,10% RTS Index - Electric Utilities 105,41 43,55% RTS Index - Telecom 104,22 14,58% RTS Index - Financials 153,28 22,29%
30.04.2009
Total trade volume for April
On April 23, 2009 trading on the new equity market, RTS Standard, was launched. Trading volume of securities, admitted to trading on RTS Standard, totaled last month $289.89mln. In all, total sum of trading volume on RTS equaled $9.8bln (R327.9bln), including all types of trades in April.
RTS Trading volume of securities, mln dollars
April 09
Change, %
RTS Classica and Ò+0 markets turnover
204,88 148,95 37,55% RTS Standard turnover
Volume of OTC trades
9 012,71 2,75% Total
9 161,66 6,48%
March 09
289,89 - -
9 260,87
9 755,63
Top month market movers
Most of the positive impact on the RTS Index dynamics come from the growing prices on Sberbank ordinary shares (SBER) (+23.51points), Gazprom ordinary shares (GAZP) (+19.41 points) and ordinary shares of OJSC Rosneft" (ROSN) (+18.93 points). Similarly, the RTS-2 Index, which tracks the performances of the ‘second-tier’ equities, was also on positive growth trajectory, climbing 23.49% m-o-m to reach 636.18 points, from 515.17 points registered on March 31.
Understandably, all the key sectors represented on the Russian stock market ended the month in a positive mood. The major positive contributor to the positive trends was the electric utilities sector, with the corresponding index going up by 43.55%. The Consumer & Retail sector reported a significant gain, going up by 42.81%. The slightest growth was registered in the telecom sector, with the RTS Telecom Index increasing by 14.58%.
The top gainers of the month on the RTS Stock Market were ordinary shares of OJSC "RTM" (RTMC) which experienced a 823.08% growth to reach $0.3, PJSC "NUTRINVESTHOLDING" (NTRI) ordinary shares that went up 300,0% to reach $4,0 and ordinary shares of JSC "WGC-3" (OGKC) that gained 183,33% to end up at $0,034 per share.
The top sellers of the month on the RTS Stock Market were Gazprom ordinary shares (GAZP) with monthly turnover $131.9mln, Sberbank ordinary shares (SBER) with turnover of $117,3 followed by OJSC "MMC "NORILSK NICKEL" (GMKN) – $37.4mln. These shares accounted for 26,67%, 23,71% and 7,55% respectively of the total market turnover.
Top month market losers:
The top losers of the month were ordinary shares of Korshynov Mining Plant OAO (KOGK), which fell in price by 18.0% to reach $738.0; ordinary shares of OJSC Uralkali (URKA), which fell by 17.81% to reach $2.4 and ordinary shares of JSC "Polymetal" (PMTL) which shed 10.45% to $6.0.
Forex market
In April, the forex rate volatilities that were widespread in March continued till the end of April, as the ruble continued its appreciation against other major currencies, closing the month in a positive trajectory as the U.S. dollar lost 2.25% against the Russian ruble throughout April to close the month at R33.25per U.S. dollar on April 30, against R34.01/U.S. dollar, registered on March 31, 2009. The forex rate volatilities even assumed unprecedented dimensions in late April as the ruble dipped slightly below R33/U.S. dollar, at R32.97/dollar, the first time it has gone below this psychological landmark since the government sent it into free fall late last year.
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