Over the week of August 18th – 22nd, 2008, the RTS Index went
down by 4,69% to reach 1701,61 points (1785,36 points as of
August 15th, 2008). Most of the negative impact on the Index
dynamics was related to the falling prices for Gazprom ordinary
shares (GAZP) (minus 29,11 points), ОАО "LUKOIL" ordinary
shares (LKOH) (minus 12,84 points) and OJSC "OC "Rosneft"
ordinary shares (minus 11,62 points).
The "second-tier" stock index – RTS-2 shed 2,80% to reach
1977,52 points (2034,39 points as of August 15th, 2008). Last
week the key economy sectors represented on the Russian
stock market showed a negative trend. Oil & Gas reported the
largest drop: the RTS Index - Oil & Gas shrank by 6,30%,
followed by the Telecom sector: the corresponding Sectoral
Index went down by 4,07%. The slightest decline was registered
in the Consumer & Retail sector, the corresponding RTS Sectoral
Index dropped 1,84%.