On Tuesday, August 17, the Mosbirzhi index renewed its all-time high.

The stock indicator rose 1.16% and for the first time since 1997 exceeded 3944 points. 

The inflow of money into Russian securities increased against the background of the general optimism of world investors.

The chief analyst of TeleTrade, Mark Goykhman, spoke about this in an interview with RT.

According to him, the players of the global stock market respond positively to the gradual recovery of the world economy and the policy of leading countries to increase the emission of money to support business and the population. 

“These funds, intended primarily to accelerate the growth rate of global GDP, in practice, in large volumes are directed to the purchase of shares.

As a result, the rise of the world's leading stock indicators is pulling Russian assets along with it, ”said Goikhman. 

According to experts interviewed by RT, additional support for the national stock market is provided by positive data on the recovery of the Russian economy from the consequences of the COVID-19 pandemic. According to statistics from the Ministry of Economic Development and Trade, in June 2021, the country's GDP reached the pre-pandemic level. By the end of the year, the growth of the Russian economy should be about 4%. This assessment was voiced earlier by Vladimir Putin at a meeting of the Council for Strategic Development and National Projects.

“Investors are largely attracted by the positive statistics on Russia's GDP growth.

Let me remind you that the figure in the second quarter increased by 10.3% in annual terms.

Against this background, traders are actively entering the Russian retail segment, whose shares have significantly increased in price.

In addition, securities of the banking and oil and gas sectors of the economy are traded in the green zone, ”said Lev Kravets, chief analyst at Esperio, in a conversation with RT. 

In addition, the stabilization of world prices for energy resources had a positive impact on the dynamics of the Russian securities market, experts say.

In the course of today's trading, the price of Brent crude was close to $ 70 per barrel, although at the beginning of the working week the figure dropped to $ 68.25 per barrel. 

According to Vasily Karpunin, head of the information and analytical content department at BCS World of Investments, the Russian stock market is seriously dependent on the state of affairs in the oil industry, which is influenced by the actions of OPEC + participants. 

Recall that the OPEC + agreement includes 23 oil-producing countries, including Russia.

During the last meeting on July 18, the members of the alliance agreed to increase oil production by a total of 400 thousand barrels per day on a monthly basis.

At the same time, the term of the agreement itself was extended until the end of 2022.

“The demand for commodities remains generally stable, which supports the Russian export-oriented market.

Moreover, from the point of view of real interest rates, ruble-denominated assets now look more attractive than securities in dollars and euros, where real rates are deeply negative due to rising inflation, "said the interlocutor of RT. 

Meanwhile, a record inflow of independent players also played in favor of the Russian stock market, analysts are sure.

Note that in July 2021, the number of private investors on the Moscow Exchange increased by 446 thousand and reached 13.2 million, according to the data of the trading platform.

For comparison, in July last year only 5.65 million citizens had brokerage accounts.

  • AGN "Moscow"

  • © Alexander Avilov

According to experts, the interest of the population in the stock market is partly due to the higher profitability of securities in comparison with bank deposits.

Under these conditions, citizens increasingly prefer to invest money in stocks and bonds to save money.

“The amount of Russian investments in the stock market has almost doubled over the past year and reached 6 trillion rubles.

Taking into account the general dynamics of the stock market and the volume of funds of private investors, a similar trend with a high degree of probability will continue in the coming quarters of this year, "said Alexander Osin, an analyst of the trading operations department in the Russian stock market of Freedom Finance, to RT. 

According to Vasily Karpunin, in the near future the Mosbirzh index may set another record and reach 4000 points.

Further, the dynamics of the indicator will largely depend on geopolitical factors and the monetary policy of world central banks. 

“Medium-term risks are associated with a potential deterioration in investor attitudes towards the markets of developing countries due to the imminent reduction in stimulus programs for developed economies, including the US. Such a policy could temporarily increase the inflow of traders' money into US debt securities. However, the Russian market may also remain in demand against the background of the tightening of the monetary policy of the Bank of Russia, ”the expert concluded.