Source Pravda.Ru

Analysts expect rally of Russian stocks

The results of the elections were unexpected in respect to the weakening of "right and left wings" of the Duma, Solid analyst Igor Lavushchenko told RBC TV. The majority of trade participants expected that the Communist party would muster at least 15 percent of the vote and the Union of Right Forces and Yabloko would pass a 5-percent barrier to the Duma. The weakening of the "right and left wings" might pose a threat to Russian and foreign investors. Some market participants who played for a win of the pro-Kremlin forces will start fixing profits on the Russian stock market this week. However, according to the analyst, the economic situation is favorable and a traditional Christmas rally is likely to happen. Foreign investments will come to Russia by next spring, he added.

A CenterInvest Securities trader told RBC TV that the elections would have a short-term effect on the Russian stock market. On the whole, the market's behavior testifies to the supposition that another rally to a level of about 600 points of the RTS index is going to happen during the next one and a half weeks.

Non-residents do not play a large role on the Russian stock market, since they formed their opinion towards Russia before the State Duma elections.

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