In October, the Russian stock market grew significantly, and the ruble strengthened.

In October, the Russian stock market grew significantly, and the ruble strengthened.

Rising oil prices on the world market and expectations of positive geopolitical news for Russia significantly supported the stock market in October, leading to a 10.7% rise in the Moscow stock market index.

As a result, stocks have become the most profitable instrument of the Russian market over the past month. Over a 12-month horizon, the highest total returns were for shares of energy and oil and gas companies, corporate bonds, ruble deposits and money market ruble mutual funds.

The ruble strengthened in October, the exchange rates of the main foreign currencies fell to the level of March 2026. OFZ yields, excluding one-year securities, fell. At the same time, the spreads of corporate bonds to OFZ widened slightly.

Retail investors significantly increased investments in ruble deposits, and reduced the scope of new investments in ruble corporate bonds. For the first time in a year, citizens sold more stocks than they bought.

Read more in the "Financial Market Risk Review" issue.