The direction of development of the Russian stock market
Abstract
The article analyzes the modern Russian stock market. The purpose of the article is to study and analyze the factors affecting securities and identify those that will effectively predict the dynamics of financial markets. The article provides an assessment of the degree of dependence of Russian securities on Western sanctions, the weakening of the national currency, the slowdown in economic development, the COVID pandemic. The inflow of new funds from individuals to the stock markets and their associated growth are analyzed. From 2019 to October 2023, the total number of broker clients’ accounts on the Moscow Stock Exchange has grown significantly, from 3,9 million to 26,3. Reasons for this growth are a decrease in the profitability of bank deposits, dynamic marketing of financial organizations of brokerage services, rapid development of technologies in the field of financial services, an increase in free time among the population. The interrelation of investment decisions and qualifications of individuals and legal entities is shown. The obtained research results are of a practical nature and can be used in investment, analytical, valuation and portfolio activities related to effective investment in securities and other financial assets.
About the Authors
R. G. Bodrov
Kazan (Volga Region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
B. M. Eidelman
Kazan (Volga Region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
L. R. Fakhrutdinova
Kazan (Volga Region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
O. A. Bunakov
Kazan (Volga Region) Federal University
Russian Federation
Russian Federation
Associate Professor
I. A. Koch
Kazan (Volga Region) Federal University
Russian Federation
Russian Federation
Doctor of Economics, Associate Professor
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Review
For citations:
Bodrov R.G., Eidelman B.M., Fakhrutdinova L.R., Bunakov O.A., Koch I.A. The direction of development of the Russian stock market. Kazan economic vestnik. 2023;(4):35-41. (In Russ.)
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