Securities market grows in July
8 August 2023
News
All sectoral indices trended upwards in July. The MOEX Index added 9.9%, exceeding 3,000 points. The corporate bond market continued to expand.
In July, the exchange rate of the ruble was declining amid a reduction in the balance of foreign trade and low amounts of foreign currency revenues sold by exporters. FX transactions conducted by individuals had a countercyclical effect as they became a net seller of foreign currency as of the end of the month. The currency composition of the on-exchange market continued to alter, with the proportion of the Chinese yuan hitting a new high of 44%.
More details are available in the new issue of the Financial Market Risks Review.