The stock market grew by 43% in 2023. And a year earlier, the main indicator of the exchange showed an equally impressive decline. What to expect from the Moscow Exchange index in 2024, what stocks to buy to make money on the stock market?
Forbes studied the strategies of the largest brokers
In 2023, the Moscow Exchange index recouped the losses it suffered due to the start of the “special operation”* in Ukraine in 2022, and grew by 43% – to 3100 points. After foreign investors left Russia, the share of private investors in trading volume increased to 80%. In November, it was 76%. The volume of stock trading in November year-on-year increased more than 2.5 times.
However, the second half of the year took place with a changed monetary policy: the Central Bank raised the key rate to 16%, the ruble strengthened slightly, and the stock market corrected.