"Friendly" nonresidents sell most shares on Russian stock market in Sept since Feb 2022 - Central Bank

MOSCOW. Oct 10 (Interfax) - Nonresidents from "friendly" jurisdictions, who unlike investors from "unfriendly" countries have had access to the Russian stock market since last September, ramped up sales of Russian shares to 32 billion rubles in September, the highest figure since February 2022, the Central Bank of Russia (CBR) said in a report on financial market risks.

The figure exceeded combined sales of equities by nonresidents in the first eight months of 2023, which totaled 22.8 billion rubles, the CBR said.

Non-credit financial organizations sold 17.9 billion rubles worth of shares in September within the context of trust management, compared to 27.7 billion rubles in August.

The main net buyers on the stock market in September were again retail investors, who bought 29.4 billion rubles worth, compared to 39.2 billion rubles in August. Systemically important banks bought 8.8 billion rubles worth of shares and non-credit financial organizations buying shares with their own funds acquired 8.1 billion rubles worth.