Nasdaq
What is happening on Russian capital markets?!
Local funds, including managing companies and NPFs, have a negative view of the stock market.The main reason for the negative view of the equity market is the short planning period, the high risks of reduced operating flows of export-oriented companies, and the uncertainty with the rouble exchange rate, which significantly increases the risks of investing in companies with a focus on the local market. A potential equity overhang following GDR conversion into shares adds to the downside.