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Russians began to massively invest in stocks - EastRussia | Far East

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The Russians began to massively invest in stocks

The Russians began to massively invest in stocks
Photo: pixabay.com

In the stock market, sales of shares to retail investors increased. Since the beginning of the 2019 year, citizens have bought securities worth 54,7 billion rubles, which is 51% more than the same period last year.

As reported "Vedomosti" referring to the Moscow Exchange, brokerage accounts from the beginning of the year opened 1,57 million people. True, only 70 thousand of them conduct operations daily. According to experts, the reason for the surge in sales is a search by citizens for an alternative investment opportunity.

The key rate of the Central Bank was reduced to 6,5%, as a result of which interest rates on bank deposits fell. Analysts are waiting for the next key rate reduction by another 0,5% after December 13.