On Tuesday, January 12, the Moscow Exchange index reached its highest level for the entire observation period (since 1997).

In the middle of trading, the stock indicator rose by more than 1% and for the first time exceeded the 3520 point mark.

In the afternoon, the indicator slightly corrected, but at the same time remains close to record values.

The Russian securities market has been renewing all-time highs for the sixth trading day in a row.

The observed dynamics is largely due to the optimistic mood of global investors.

This point of view in a conversation with RT was expressed by Vasily Karpunin, head of the information and analytical content department of BCS World of Investments.

According to the expert, against the background of news about large-scale vaccination against coronavirus in a number of countries, players expect a faster recovery of the global economy.

As a result, traders start investing more actively in securities of companies, including Russian ones.

“Investors have practically stopped taking into account the pandemic factor.

Now the markets live with expectations of a speedy normalization of the situation in the world along with the spread of the vaccine, "Karpunin explained.

At the same time, since the beginning of the week, the Russian stock market has been demonstrating more confident dynamics compared to the trading floors of Asia, the United States and Europe.

According to Aleksey Korenev, analyst of the Finam Group of Companies, this can be explained by the effect of the long holiday weekend in Russia.

“While we had the long New Year holidays, the Western and Asian markets managed to grow well, and now they are showing a correction.

We, in turn, with a slight lag, are still continuing to grow by inertia and play out the external positive background, "said the interlocutor of RT.

As the analyst stressed, in addition to the effect of the vaccination campaign, investors are also counting on additional financial measures to combat the consequences of the pandemic in a number of countries.

So, stimulating actions of the governments should accelerate the revival of the world economy, Korenev believes.

According to experts, since the beginning of 2021, one of the drivers of the Russian stock market has been the rise in the price of securities of energy companies.

Thus, investors reacted positively to the rapid rise in oil prices, experts say.

Over the past week, the cost of raw materials of the benchmark Brent grade on the ICE exchange in London has increased by almost 10% and during trading on January 12 reached $ 56.72 per barrel.

The last time a similar indicator could be observed in February 2020.

“At current prices, a significant part of the Russian budget is formed through the sale of energy resources.

Both the Russian economy as a whole and companies that are directly related to oil production and refining will benefit, ”Korenev explained.

A confident rise in oil prices began after the revision of the terms of the OPEC + deal.

So, on January 5, the countries participating in the agreement on limiting oil production decided to further reduce the production of raw materials in February and March by more than 1.4 million barrels per day.

By their actions, the states intend to achieve a balance between supply and demand in the global hydrocarbon market, which has a positive effect on oil prices.

  • AGN "Moscow"

  • © Avilov Alexander

According to Vasily Karpunin, following the record growth in the coming days, the Mosbirzh index may temporarily drop.

Meanwhile, according to the expert, at the moment the market has no reason for a long-term decline, and by the end of the year the Russian stock indicator may rise by another 10-15%.

Anna Bodrova, a senior analyst at the Alpari Information and Analytical Center, shares a similar assessment.

“Now it is impossible to predict what exactly 2021 will be for the Moscow Exchange index, but so far the prospects are positive.

If the pandemic factor does not overlap the existing optimistic sentiments and disposition to buy, the indicator may head to the level of 4000 points, ”Bodrova suggested.

Cash flow

Part of the rise in the price of Russian securities will be facilitated by the growing influx of private investors into the stock market, Karpunin said.

According to the latest data from the Moscow Exchange, from January to November 2020, 4.2 million people opened brokerage accounts, which is more than in all previous years.

At the same time, the total number of private investors on the trading floor for the first time exceeded 8 million.

As experts explain, Russians have become more active in buying securities as a means of saving money against the backdrop of declining profitability of bank deposits.

So, according to the Central Bank, in 2020 the maximum rate on deposits in the ten largest credit institutions in Russia dropped from 6.01% to 4.49% per annum.

“A noticeable influx of private investors into the stock market is a rather important support factor for securities.

In 2020, the share of private investors in the total turnover gradually increased, and this process may continue in 2021, "Karpunin added.

According to Aleksey Korenev, further growth of the Russian stock market may have a positive effect on the activities of Russian companies and the country's economy as a whole.

As the expert suggested, a number of enterprises can take advantage of the situation and raise additional funds in 2021.

“For companies that are conducting initial or re-public offering of shares on the stock exchange, the trend may be interesting. Securities of growing companies are attracting increased demand from market players. As a result, the capital of companies increases, and investments are directed to further development, ”the expert concluded.