Analysts from the Financial Bridge investment company commented on the situation on the Russian stock market in an interview with RBC and noted that the recent events had made even the most optimistic investors doubt the market stability. Experts recalled that the RTS index plummeted 25 percent over the past two months. In particular, an 18-percent reduction took place over the past two weeks.
The Russian stock market was rallying for seven months in a row - it more than doubled from October 2001 and became a leader of the rise among all world indices. Moreover, it reached the highest level over the past three and a half years - 425 points. Analysts believe this rise was justified, taking into account the stable improvement of the macroeconomic situation in Russia, more active reforms and a thaw in relations with the West.
However, the attitude of investors to the Russian stock market changed as they reconsidered risks of investing in securities after corporate scandals in the USA. Other negative factors that influenced domestic stock exchanges were the unstable economic situation in the USA and Europe, unstable oil market and the lack of positive news inside Russia.
Nevertheless, stock experts are sure there is no need to panic because the Russian stock market still has a great potential and stability that will allow for its growth in the near future. According to forecasts of analysts from Financial Bridge, a rise may resume on the domestic stock market in autumn.