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MICEX Blue Chips Losing Appeal for Investors
15.12.2012 01:46

The trading volume of the Top 30 MICEX index totaled 9 trillion roubles over the past 11 months, compared to almost 11 trillion in the crisis-hit 2008.

      Analysts say it’s become difficult to make a profit on the Russian stock exchange, just like other stock markets around the globe. Funds have moved into other bonds and precious metals.

      Another factor has been stable oil prices in Russia, a country heavily dependent on the energy sector. Investors are interested in growth and speculators in volatility but the oil price has been flat so the trade volume is going down due to vanishing interest, says Alexander Afanasyev, chairman of the MICEX management board. 




Author: Mikhail Vesely

Tags: MICEX Russian blue chips Russian stock exchange Russian stock market  

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