More Russians are likely to invest in stocks in search of additional income, Artyom Deyev, head of analytics at AMarkets, told Invest Foresight.
Banks are cutting their deposit rates; combined with high inflation, this reduces any potential profit to almost nothing. At the same time, the Moscow Exchange statistics of the last two years show a virulent influx of private investors, the expert emphasizes.
In 2019, the number of registered private investors on the Moscow Exchange did not exceed 3.9 mio; in 2020, however, it more than doubled to 8.8 mio, and in 2021, to 16.2 mio. As of March 2022, their number exceeded 18.9 mio.
“Stock trading has revived with the markets gradually stabilizing and the Central Bank easing restrictions. In addition, there is a growing offer from banks and brokerage companies to represent private investors; they offer various stock trading services packages. We should expect the number of private investors on the Moscow Exchange to reach at least 25 million by the end of 2022,” Artyom Deyev predicts.