UPDATE: Cbank: Foreigners’ share sales largest in 2018 at end of Sep

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MOSCOW, Oct 12 (PRIME) – Foreigners sold a 2018 record numbers of shares in the last two weeks of September on the Moscow Exchange, the central bank said in a report on Friday.

«Non-residents sold the largest in the whole of 2018 amount of shares on the stock market in the second half of September on the exchange,” the review said. “The share sales amounted to 20 billion rubles, and non-credit financial organizations were the largest buyers.”

«On the secondary corporate market, sales on the bourse by non-residents and their banking subsidiaries are decreasing gradually, they amounted to 3.3 billion rubles (21.5 billion rubles in August). Non-credit financial organizations and systemic credit organizations remain the core buyers.”

An outflow of non-residents from Russia’s state OFZ bonds decelerated in September, as compared with August, the central bank said.

“As risks diminish, investor flight from the OFZ market in September 2018 was weaker than in August 2018,” the authority said, adding that foreign companies sold 31.8 billion rubles of OFZs in the first two weeks of September and 7.9 billion rubles in the second two weeks.

The share of OFZ on accounts of foreign depositories with the National Settlement Depository decreased to 25.2% in September from 26%.

The share of non-residents in Russia’s Eurobonds grew to 49.1% as of the end of September after redemption of U.S. $3.6 billion Eurobonds in July.

Non-residents’ interest to the ruble under carry trade deals returned to the level of July in September after an abrupt decline in August.

Foreign entities sold 20 billion rubles, a record amount of stocks on the Moscow Stock Exchange for 2018 over the last week of September. Sales on the secondary corporate market declined to 3.3 billion rubles in September from 21.5 billion rubles in August.

(66.7727 rubles – U.S. $1)

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