Russian stock market is unlikely to repeat 2019 gains
Friday, February 7, 2020
Subject
The Russian stock market.
Significance
The Russian stock market offered high returns last year, as the Moscow stock exchange posted the highest annual growth of any of its emerging-market peers. The momentum carried over into January and the market reacted positively to a change in government, but the spread of the new coronavirus hit global oil prices.
Impacts
- Low and declining Russian interest rates will encourage further investment inflows into equities.
- New IPO issuance will improve large firms' financial firepower.
- Output growth by Novatek should keep it in top position as Russia's most valuable private firm.
Related articles
