Experts Think Growth On Russian Stock Market Is Exhausting

A rise after an earlier decline is continuing on the Russian stock market, following international exchanges, experts pointed out in an interview with RBC. The rise is entering the stage of exhaustion now: the RTS index is close to 200 points, and no new reasons for growth emerge. Oil prices go down, and prospects for the Russian budget look somewhat worse than before," the experts underlined. According to them, the increase on the Russian stock market followed events on foreign stock markets. The experts believe that prices have already grown enough, and traders will start to gradually fix their profits soon, possibly, as soon as today. To all appearances, fixing of profits can be expected at Western exchanges too, the experts emphasized. At the same time, Russian stock prices will not fall to the minimum levels reported several weeks ago, the experts reckon.

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