Source Pravda.Ru

Russian Stock Market May Follow Example Of US Market And Fall

The current situation on the Russian stock market remains rather nervous due to the uncertainty on world markets. The market may react to any insignificant negative news and go down. According to experts, share prices increased sharply on the RTS market over the last two weeks. Thus, it won't be a surprise that some operators who were purchasing shares for lower prices will decide to fix their profits. Traders became more active within the last couple of days, which means that the situation may change fast on the market now. Experts say, not a while ago operators were going to change the tendency on the market. But since the downward tendency continued and US markets went down on October 17 again, the Russian market may follow them. It is worth mentioning that, Russian share prices were going up in the absence of negative news from abroad. In addition, there was enough free cash on the interbank market, which could be invested in other markets. Operators seem to have decided to use this situation to buy some more shares. According to information, share prices ma continue falling for some time, which is mainly the result of a decrease in business activity indices registered on October 17. This mainly concerns Dow Jones and Nasdaq indices. The RTS index is likely to drop to the level of 1656-170 points in the near future.

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