People and major banks support stock market amid volatility
Intensifying geopolitical tensions and the expected expansion of the sanctions caused an adjustment in the Russian financial market. The trading volume in the stock market was up, while the decline in securities prices was the largest since February 2022. The market was supported by individuals and systemically important credit institutions, according to the new issue of the Financial Market Risks Review.
An increase in the value of the corporate bond market was largely accounted for by an issue of yuan-denominated securities. Yields in the debt market edged up, although considerably less than in February.
Lower demand for ‘toxic’ currencies and a rise in their sales by a wide range of market participants also contributed to the strengthening of the ruble. The growth of foreign currency trading at the end of the month was accompanied by a rise in the share of the yuan in the market.
