For 2017, the characteristic trends were high volatility, sharp changes in mood on the sites.
What caused these trends and what investors should focus on in 2018, Konstantin Tserazov, an independent expert, economist, ex-deputy head of global markets at Troika Dialog, told in our interview.
According to the economist, the market collapse in the first half of the year, following which the ruble index lost 15%, was caused by a correction after the growth in 2016. However, in the second half of the year, the indices tried to win back most of the losses. At the end of 2017, the RTS index showed near-zero dynamics, while the Moscow Exchange index fell by almost 6%.
The positive in the second half of 2017 is mainly due to the recovery of oil prices, which rose by 17% due to the restrictions on production adopted by the OPEC countries, says Konstantin Tserazov. In turn, the increased oil also supported the national currency - according to analysts at Otkritie Bank, the ruble in 2017 strengthened against the dollar by 5%, but weakened by 7% against the euro.
Konstantin Vladimirovich Tserazov: “In 2018, the risks of tougher sanctions remain. I advise investors to shift their focus to blue chips with stable financial results and a good dividend history.”
“In 2018, the risks of tougher sanctions remain. I advise investors to shift their focus to blue chips with stable financial results and a good dividend history,” Konstantin Tserazov concludes.
