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The Russian Stock Market Is On The March! By blueboy The majority of experienced investors will be fully aware of how poor the Russian markets performed in 2008. The Micex (the name of the country’s benchmark index) fell an astonishing sixty percent from May to October 2008. The main exchanges were forced (by the country’s regulator) to close for two consecutive days due to these staggering falls. That was then but things to day are some what different.
“The fight back has begun” shouted one trader, yes the Russian markets are fighting back and have had a decent start to 2009. Will this rise continue in the medium to long term? Well who knows? At the moment the people “in the know” are sounding very bullish about the future prospects and believe that there is money to be made.
I
was speaking over the weekend to an experienced financial adviser who told me that the Russian market was still trading at a discount of over forty percent to global emerging markets and that he was receiving regular requests from the “big players” within his client bank to start investing their money in the region.
I am not a financial adviser therefore please do not take what I write in this article as “financial advice”. I am however a speculative investor who has been “gambling” on a Russian recovery for a while and I am planning to keep investing in the area for some time to come as I believe that the recovery has only just begun.
Watch this space and hopefully we will see a major Russian recovery, I just hope that it happens!
Steve Hill is a webmaster from Birmingham, he has interests in a number of websites including:
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