Source Pravda.Ru

Experts Think Rise In Share Prices In Possible

The current situation on the Russian stock market somewhat concerns traders, and accordingly, they had been fixing their profits in the previous days. Probably, the long absence of a stable trend on international markets is a serious factor influencing the Russian market. An increase in prices on the Russian Trading System (RTS) in the past week made market participants start fixing their revenues. Experts gave this opinion in an interview with RBC, forecasting the course of trade on the stock market. Market participants believe that only short-term plans are possible in the current circumstances, and the present fluctuations in prices should probably be viewed within the framework of the same side trend that has been continuing since this summer. In theory, prices of RAO UES shares can once again fall to the levels of $0.89-0.90 per share, i.e. by about 2-3% compared to the present level. Nonetheless, one should not expect any dramatic developments: many specialists think that prices will not fall to new minimums in the short term. After the current correction, the situation should become generally stable again. In other words, many market participants forecast that unless something extraordinary occurs on international markets, share prices will be able to break the side trend and reach the previous maximums by the middle or end of November. As for changes in the RTS index, it is likely to be within the range of 180-195 points and to gradually increase to 200 points.