Shares go up while ruble continues to decline in September
8 October 2024
News
In September, the MOEX Russia Index increased by 7.8% for the first time since May. The stock market was positively influenced, in particular, by news on dividends of individual companies.
The ruble continued to depreciate. In such conditions, individuals sold more foreign currency then they bought for the first time since August 2023.
OFZ yields increased, which was accompanied by a negative revaluation of banks’ securities portfolios. However, its amount is limited and does not significantly impact the overall resilience of the banking sector.
More details are available in the new issue of the Financial Market Risks Review.