The abundance of positive economic news in September, notably from the G20 Nations Leaders Summit in Pittsburgh in the United States, where the dawn of the long-awaited recovery in major global economies was first officially confirmed, significantly boosted the level of activity on the Russian equity market last month.
This was evident in the performance of key market indices. Thus, RTS-1, the index that tracks the performances of the blue chips, surged by robust 17.63% over the August data to peg on September 30 at 1,254.5, up from 1,066,5 in August. Similarly, the RTS-2 Index, the tracker of the second-tier-market equities, also rose by a record 25.8% to 1,221.5, up from 970.9 in August.
The gross trade volume for September pegged at Rub1.37trln ($44.4bln.). The positive trends leaders on the RTS were Sberbank, Rosneft and Gazprom, whose stocks surged by +50.6%, +25.1 and +21.9%, respectively. In practice, this meant that all the key sectors represented on the local stocks market ended the month in positive zone. The growth leaders were industry (up by +47.6%), financial sector (+32.6%), while the least growth of +12.7% was posted by the volatile energy sector.
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