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The expert did not rule out the growth of the Moscow Exchange Index to 3 thousand points in the near future

Skryabin: in case of positive news, the Mosbirji index will jump to 3 thousand points.
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Photo: IZVESTIA/Sergey Lantyukhov
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The MosBirch index is trading around 2930 points, but in case of positive news, it has chances to jump to 3,000 points, says portfolio manager of Alfa Capital Management Company Dmitry Skryabin. He told "Izvestia" on January 20.

"In the coming days we can expect an increase in volatility of the Russian stock market, because there will be news regarding the geopolitical situation, the oil market, trade relations globally. How long it will affect the stock exchanges, it is difficult to say. However, investors are ready to react, and the volume of market liquidity will help them in this," he added.

According to him, an important step for geopolitics and economy will be the agreement on a future meeting between Russian leader Vladimir Putin and US President-elect Donald Trump. This could have an impact on reducing geopolitical tensions.

"The market has partly already priced this progress into prices. For growth to continue, it is important that news coming out or observable events match expectations. The MosBirch index is trading below 2,930 points on Monday. However, in case of positive news, it has chances to jump towards 3,000 points. It is worth understanding that the trajectory of Trump and his decisions is not very predictable. Even if the U.S. makes not one but several steps towards him, Europe's sanctions rhetoric will remain unchanged for the time being. This should also be taken into account in long-term planning," Skryabin said.

In the case of warming relations between Russia and the United States, exporting companies may benefit, the expert emphasized.

Earlier, on January 16, stock market expert of "BKS Investment World" Oleg Reshetnikov said that the MosBirch index has consolidated at the level of 2.9 thousand points due to the halt of monetary policy tightening. Seasonality factor also influenced - in Q1 the market traditionally shows stronger dynamics.

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