The MosBirch index consolidated at 2900 points amid the cessation of tightening of the DCP
The Mosbirji index has consolidated at the level of 2,900 points due to the halt of monetary policy tightening (MPT) This was told to Izvestia on January 16 by Oleg Reshetnikov, stock market expert at BKS Investment World, and Natalia Malykh, head of equity analysis at Finam FG.
"There are a number of reasons for the market recovery, such as stopping the cycle of tightening of DCP - for a long time the market has been under the blow of rising interest rates and tightening monetary conditions (MC). Seasonality factor also influences - in Q1 the market traditionally shows stronger dynamics", - Reshetnikov explained.
According to him, the entry of the elected U.S. President Donald Trump into office on January 20 also affects the consolidation of the index. Against this background, news about the meeting of the Russian and U.S. presidents, which will definitely improve the current geopolitical situation, is increasingly frequent in the media headlines.
Malykh noted that in December the Central Bank unexpectedly kept the key rate at 21% despite expectations of an increase amid weakening corporate lending. If this trend continues in 2025 and inflation shows a tendency to slow down, the chances for easing of the MPC will increase.
The market tends to unwind early and the revaluation can be quite quick and generate substantial returns in a relatively short period of time.
"Compared to 2024, this one could bring good returns to investors with the expected growth of the Moscow Exchange Index to 3,300 points by the end of the year (+13% from the current level of 2,910 points) and a weighted dividend yield of the Moscow Exchange Index of 7.8%," Malykh summarized.
Last year, on December 24, financial expert, head of the Group of Companies "Sodeistribution" Alexei Lashko told Izvestia about possible investment options. According to him, cash can be invested in different ways, including considering stocks and bonds.