Currently, the Russian stock market is in a state of volatility—quotes fluctuate noticeably, and there is no sustained upward trend. I would describe the situation as follows: on one hand, there are occasional bursts of growth, on the other, pressure from a number of sectors and macroeconomic factors. On Monday, the Russian stock market experienced a corrective rebound after falling to three-year lows last week. The market was supported by rising oil prices, as well as increased investor interest in cheaper stocks. On Monday, June 29, the Russian stock market bounced off its lows and rose by 3.2% at its peak, to 2358.63 points on the Moscow Exchange index, according to Moscow Exchange trading data at 6:38 p.m. Moscow time. As experts explain, the growth is linked to the recovery in oil prices, as well as increased demand for cheaper stocks. As noted by Dmitry Lozovoy, an analyst at the Finam financial group, the market was supported at the beginning of this week by the recovery in Brent oil prices. It rose to $74 per barrel against the backdrop of renewed strikes between the US and Iran after the signed memorandum of understanding.

In addition, the positive dynamics in the stock market are associated with attempts by investors to buy up the most beaten-down securities after the sharp decline of recent sessions, the expert believes. As added by Natalya Milchakova, a leading analyst at Freedom Global, they are mainly buying "second-tier" stocks and the most heavily discounted assets, such as the electric power industry.