Economist Kabakov spoke about the losses of investors in the Russian stock market

The losses of investors on the Russian stock market, according to Yaroslav Kabakov, Deputy General Director of Finam Investment Company, can be comparable to how much the Moscow Exchange index, the main indicator of the Russian stock market, fell.

According to Kabakov, the number of stock market participants has reached approximately 12-13 million unique brokerage accounts.

“To sum up the losses of Russian investors is now difficult. Take the main index of the Moscow Exchange, see how much it was before the collapse and how much it was after. A classic long-term investor received approximately the same drawdown in his portfolios – by about 30%, ”said the interlocutor of Rosbalt.

So, on February 17, the Moscow Exchange index was 3549 points, a week later, on February 25, the figure fell to 2480 points. That is, the Moscow Exchange index fell by 30% over the week. “A long-term investor received about the same loss on the Russian stock market. Since then, trading on the stock exchange has not been conducted. It will be possible to sum up the results after the opening of trading on the Moscow Exchange. I think the losses will be less than in 2014,” Kabakov said.

According to him, Russian investors have access to international platforms, including American ones. “There, as you know, nothing happened,” said the interlocutor of Rosbalt.

“All the losses have already been incurred. I believe that after the opening of trading on the Moscow Exchange we should expect some stabilization. Now there are currency trades. The ruble shows a fairly high volatility – 10-15%. I think when the ruble stabilizes, then it will be possible to open trading in Russian securities,” the economist said.