Evgeny Goryunov: «Stock purchases and sales in March were very volatile»

Evgeny Goryunov, Head of the Monetary Policy Department of the Gaidar Institute, commented to Rossiyskaya Gazeta on the data from the Central Bank’s survey on the maximum volumes of stock purchases by both Russians and non-residents recorded in March.

The expert noted that the growth of purchases of shares by non-residents in Russia, although record-breaking in recent years, but by historical standards is small, and it is premature to draw far-reaching conclusions on this basis.

«Stock purchases and sales are quite volatile. In December last year, net sales of shares by individuals amounted to Rb54.5 bn. The movements in March do not reflect any fundamental trends. The recovery of non-residents' positions in the market of Russian shares is still insignificant, taking into account the fact that in 2024 they were consistently selling», – the expert concluded.

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Wednesday, 09.04.2025