Cbank: Non-residents sell 65 bln rbl shares of Russian firms in Oct

MOSCOW, Nov 10 (PRIME) -- Non-residents sold shares of Russian companies worth 65.4 billion rubles in October, the central bank said in a report on Tuesday.

“The stock indices decreased as net sales of shares on the secondary exchange market by non-residents and subsidiaries of foreign companies continued and amounted to 65.4 billion rubles, as well as sales by non-banking financial institutions amounting to 22.3 billion rubles,” the regulator said.

Russian banks and systemically important banks acted as buyers in October acquiring shares of Russian companies worth 18 billion rubles and 69.7 billion rubles, respectively.

Foreigners also bought 89 billion rubles worth of foreign currency on the Russian market, but foreign banks and non-residents started buying foreign currency in the last three days of October. They bought 110 billion rubles worth of foreign currency on October 28–30.

The highest demand for foreign currency came from systemically important Russian banks that bought 145 billion rubles of foreign currency in the month. Russian companies sold 161 billion rubles of foreign currency through the exchange trade in the period.

(76.9515 rubles – U.S. $1)

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