Household investments in shares and OFZ go up in September
In September, the stock market entered a correction phase amid lowered expectations for corporate profit growth and the reassessment of the key rate expectations. This increased the appeal of stock quotes, causing the inflow of household funds into the stock market to reach ₽74.5 billion. New household investments in federal government bonds (OFZ) were also up to ₽61.4 billion.
In September, the ruble weakened slightly, remaining within the range of fluctuations recorded in the previous six months. As the share of ruble earnings was rising, exporters’ net sales dropped by 21%, while foreign companies as well as Russian banks and non-bank financial institutions increased sales of foreign currency.
More details are available in the new issue of the Financial Market Risks Review.