(Bloomberg) -- Speculators are increasing their purchases of Russian stocks just as six years of gains grind to a halt in the world's second-largest emerging market.
Day traders, who seek instant profits from stock price fluctuations, on Russia's Micex Stock Exchange have more than doubled in the past 16 months, said Chief Executive Officer Alexei Rybnikov. Purchases and sales of less than 100,000 rubles ($3,890) by individuals make up 60 percent of trades on the Micex, compared with 4.6 percent of trading on the New York Stock Exchange.
Read more at Bloomberg Exclusive News
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