Experts called the fair level of the Moscow Exchange index

The Moscow Exchange index will gain a foothold in the range of 3000-3100 points even without additional positive news from the field of geopolitics, experts polled by Izvestia predict. This is a fair value for the Russian stock market, given the positive signals from the Central Bank on the key rate and the overall performance of companies.

On March 31, the Moscow Exchange index, which reflects the quotes of the "blue chips" of the Russian stock market, fell below 3,000 points for the first time since February 11. At the lowest point, it reached the level of 2970 points, but then returned to a round value, it follows from the data of the trading platform.

"In general, the Russian market has fulfilled positive expectations and is no longer ready to grow on the promise of future changes. Now investors are waiting for the facts and are highly likely to focus on them when making decisions about buying shares," summed up Valentina Savenkova, Project Manager at IC Veles Capital.

Apart from geopolitics, the market is supported by fundamental factors. First of all, this is the policy of the Central Bank, explained Kirill Klimentyev, an analyst at Cifra Broker. The lower the key rate, the less attractive the deposit yields will be, which means it will be more profitable for investors to buy shares, which will support their quotes.

In addition, the ruble will provide support to Russian quotations, Andrei Krylov, senior equity market strategist at SberCIB Investment Research, expects. According to his expectations, by the end of the year, the exchange rate will settle in the region of 95 rubles/$ at the current 85 rubles/$, which will support the business of exporters, and therefore their securities. And in the short term, investors will also be attracted by the dividend season, BCS World of Investments added.

Read more in the exclusive Izvestia article:

Balance Day: the Moscow Exchange index was prescribed to consolidate above 3,000 points