Nabiullina linked the price fluctuations of low-liquid shares with the growth of the share of individuals in the market
The Chairman of the Bank of Russia, Elvira Nabiullina, commented on the situation with volatility in low-liquid shares. Her height happened against the backdrop of increasing dominance of private investors, which attracted the attention of brokers and the regulator.
Low-liquid securities are stocks that have low demand from investors.
“Increased volatility of low-liquid assets - it has always been, always the assets of this echelon were more volatile. But it became more noticeable when the share of Russian individuals in our market became higher,” Nabiullina said at a press conference.
Price sensitivity to the quantity and quality of transactions has objectively increased, the Central Bank monitors the segment of low-liquid securities and considers it necessary to take additional measures. “It's more of an objective process. But, in our opinion, some additional measures need to be taken, and we are certainly monitoring the situation,” the head of the Central Bank said.
In recent months, stock quotes of more than a dozen companies on the Moscow Exchange grew tens of percent a day for no apparent reason. Professional participants announced manipulation, the Central Bank - about the "emotional investment" of citizens in the "thin" market.
It was, in particularwith the papers of the manufacturer of Mishka Kosolapy sweets and Alenka chocolate - the Moscow confectionery factory Krasny Oktyabr, the Mostotrest company and several others.
Against this background, the Moscow Exchange decided to introduce new measures to combat abnormal stock price fluctuations. We are talking about third-tier securities, whose trading activity has increased sharply since the beginning of 2023, a representative of the site told RBC.
Read more in the publication "b FM" “Mosbirzha will follow the quotes”.