Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


Moscow Exchange Reported a Record Influx of New Investors
January 16, 2020 17:19


(Source: https://mirtreiderov.ru/upload/blog_img/414_1557255023.jpg)
The number of private investors on the Moscow Exchange doubled amid falling bank rates and the development of brokerage applications. This is a record inflow, although Russia is still far behind foreign countries.

The number of private investors on the Moscow Exchange doubled in a year and amounted to 3.86 million people. In 2019, 1.9 million people started trading on the site, and the inflow is becoming faster year after year - in 2018, 645,000 investors opened accounts, and in 2017 - about 207,000 customers.

In turn, the St. Petersburg Exchange, where  one can trade shares of foreign companies, recorded a three-fold increase in investors last year - from 910,000 to 3.06 million accounts.

The Central Bank attributed the influx of investors to lower rates on bank deposits, the rapid growth of the stock and bond market, as well as the abolition of depositary commissions by some brokers. The brokers   agree that investors are looking for an alternative to deposits. After five reductions in the key interest rate of the Central Bank last year, the average maximum rate of ruble deposits in the top 10 banks reached a historic low of 6.011% per annum. 

Stock markets, in turn, are breaking records. Last month, the Moscow Stock Exchange Index grew by 28.5%, while the index of the largest US companies S&P 500 added 29%. Information about the record growth in the stock market attracted the attention of private investors. 

When deposit rates started to decline steadily, citizens began to look for alternatives for higher returns. Broker mobile applications and the possibility of remote identification helped the process. Advertising campaigns and financial literacy projects carried out by large brokers also led to increased interest.

Despite the rapid growth in the number of brokerage accounts, the share of investments in securities in the structure of financial assets of Russians is still significantly lower than in foreign countries. It is only 13%, while in Eastern Europe it is about 50%, and in the USA - more than 80%.
 



Author: Anna Dorozhkina

Tags: Russian economy Moscow St. Petersburg   

Next Previous

You might also find interesting:

How to Determine the Tax Regime for an Individual Entrepreneur Doing Business in Russia The Nord Stream-2 can Fall under American Sanctions Gasprom Signed an Agreement With South Stream Street or Ulicza? Sberbank Increased Its Net Profit









Comment on our site


RSS   twitter      submit



TAGS:
The Saratov region  Arkhangelsk  Anniversaries  Moscow  Photo Exhibitions  Nobel Prize  Russian roads  Festivals in St. Petersburg  Different Space Festival of Contemporary Music  VKontakte  Exhibitions in Moscow  Russian business  Peterhof  Stroke   Sokolniki Park  Krasnodar  Russian universities  Russian politics  Legal Services in Russia  Russian airlines  Kolomenskoye  Russian tourism  The Bolshoy Theatre   Russian exhibitions  Dmitry Shishkin  accident  Russian Rivers  Sochi Games   Russian scientists  Russian economy  the Vorobyovy Hills  Polina Gagarina  Mercedes-Benz Fashion Week Russia  Russian science  Nazi  Entertainment Park  Boris Yeltsin  Skolkovo  Orient  Russian army  St. Petersburg  Russian Metro  Republic of Bashkortostan  Russian Cinema  International Firework Festival ROSTECH  Nicholai Roerich  Machete  Konstantin Yaroshenko  Rutger Hauer  Driving License 


Travel Blogs
Top Traveling Sites