Category: Russian Economy

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

The number of individuals with brokerage accounts on the Moscow Exchange (MOEX) at the end of November 2025 was 39.7 million (260,000 in November), with 75 million accounts opened. In November, 2.8 million people entered into transactions on the Moscow Exchange stock market, 320,000 of whom were qualified private investors.

In November 2025, individual investments in securities on the Moscow Exchange stock market increased by 36% compared to November of the previous year, reaching 131.8 billion rubles. Of this, investments in bonds amounted to 115.6 billion rubles, and investments in mutual funds amounted to 31.1 billion rubles. Share sales exceeded purchases by 14.9 billion rubles.

The share of private investors in the volume of trading in shares and exchange-traded funds in November was 66%, and in the volume of trading in bonds – 8%.

The most popular shares in private investor portfolios in November were ordinary and preferred shares of Sberbank (28.6% and 6.9%, respectively), Gazprom shares (13.8%), Lukoil (13.4%), VTB Bank (8.4%), T-Technologies (6.9%), Yandex (6%), X5 (5.7%), Rosneft (5.2%), and Polyus (5.1%).

The top 5 Russian mutual funds in private investor portfolios included money market funds LQDT (share – 38.2%), SBMM (18.1%), AKMM (17.3%) and bond investment funds AKFB (2.5%) and AKMB (2.4%).

The morning and evening trading sessions accounted for 8% and 17% of total stock and fund mutual fund trading volume, respectively. Retail investors were the main participants in the morning and evening sessions, accounting for 80% and 74%, respectively.

The most popular papers from the composition Moscow Exchange IPO Index In November, private investor transactions included shares of SVCB, IVAT, SOFL, ASTR, LEAS, UGLD, EUTR, OZPH, VSEH and MBNK.

The number of individual investment accounts (IIAs) reached 6.14 million. Trading turnover in IIAs in November 2025 amounted to 228.5 billion rubles. Shares accounted for 54% of this turnover, bonds accounted for 20%, and mutual funds accounted for 26%.

Moscow Exchange is Russia's largest exchange and the only multifunctional platform for trading stocks, bonds, derivatives, currencies, money market instruments, and commodities. The Moscow Exchange Group includes a central depository and a clearing center that acts as a central counterparty in the markets, enabling Moscow Exchange to provide its clients with a full range of trading and post-trading services.

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

The open position of Moscow Exchange money market participants and their clients in transactions with the central counterparty (CCP) has increased by 26% since the beginning of the year and exceeded 10 trillion rubles.

Over the first 11 months of 2025, over 12,000 companies conducted transactions with the Central Bank on the Moscow Exchange money market—46% more than in the same period last year.

In the repo transactions segment with the Central Bank, participants and their clients have open positions worth more than 9 trillion rubles (16% since the beginning of the year), of which almost 1.9 trillion rubles are repo transactions with a floating rate.

In the CCP deposit segment, the open position has grown 4.2-fold since the beginning of the year and now stands at almost 1 trillion rubles. Nearly 300 Russian companies have access to this segment of the money market.

Dmitry Danilenko, Director of Money Market Development at Moscow Exchange:

"The growing activity of participants confirms the effectiveness of the trading mechanism involving the Central Bank. The interaction of companies of all sizes in the money market allows them to quickly manage available liquidity, while the Central Bank acts as a reliable intermediary between the parties to the transaction, ensuring convenience and security in the execution of transactions and settlements."

Repo transactions with the Central Bank on the Moscow Exchange money market allow you to attract and place available Russian and Belarusian rubles, Chinese yuan, and Kazakhstani tenge secured by securities for terms ranging from one day (overnight) to one year.

Deposits with a centralized contract allow participants to place funds under market conditions using the Moscow Exchange Group's exchange and settlement infrastructure. Deposit terms range from one day to one year, and the available currencies are the Russian ruble and Chinese yuan. Companies use the platform to conduct transactions on the centralized contract deposit market. MOEX Treasury.

The Moscow Exchange money market is one of the most important segments of the Russian financial market, used by large corporations, small companies, and individual investors to manage their liquidity. Money market instruments include repos with the Central Custody Transfer (CCT), repos with the Central Custody Transfer (CCT), repos with the Bank of Russia (CBR), interdealer repos, deposits with the CCT, loans, and deposit and loan auctions. Trading is organized by the Moscow Exchange, and clearing and settlement are handled by the National Clearing Center (NCC, part of the Moscow Exchange Group).

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 3, 2025

13:24

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 03.12.2025, 13-24 (Moscow time), the values of the upper limit of the price corridor (up to 102.6) and the range of market risk assessment (up to 1108.95 rubles, equivalent to a rate of 18.75%) of the security RU000A1065C9 (Rosseti1P9) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 3, 2025

12:44

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 03.12.2025, 12-44 (Moscow time), the values of the upper limit of the price corridor (up to 108.35) and the range of market risk assessment (up to 1129.61 rubles, equivalent to a rate of 8.75%) of the security RU000A109916 (Rostel P10R) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 3, 2025

12:26

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 03.12.2025, 12-26 (Moscow time), the values of the upper limit of the price corridor (up to 110.02) and the range of market risk assessment (up to 93172.79 rubles, equivalent to a rate of 25.0%) of the security RU000A103T70 (SiburHBO08) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

December 3, 2025

10:08

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by NCC (JSC) on 03.12.2025, 10-08 (Moscow time), the values of the upper limit of the price corridor (up to 98.75) and the range of market risk assessment (up to 1049.28 rubles, equivalent to a rate of 17.5%) for the security RU000A105KW6 (EDR P3-05) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Application selection parameters;

Application selection date 03.12.2025. Unique application selection identifier 22 025 406. Deposit currency rubles. Fund type – Unified Treasury Account. Maximum amount of funds placed on bank deposits, monetary units 50,000,000,000. Placement period, in days 182. Date of depositing funds 03.12.2025. Date of return of funds 03.06.2026. Interest rate for placement of funds (fixed or floating) FLOATING. Minimum fixed interest rate for placement of funds, % per annum – Basic floating interest rate for placement of funds RUONmDS. Minimum spread, % per annum 0. Terms of conclusion of a bank deposit agreement (term, replenished or special) Term. The minimum amount of funds placed per application, in monetary units, is 1,000,000,000. The maximum number of applications from one credit institution is 2. Application selection form (Open with random completion, Closed, Open with extension). Open with extension. Application selection schedule (Moscow time). Application selection venue: Moscow Exchange PJSC. Application acceptance: from 10:00 to 10:20. Preliminary applications: from 10:00 to 10:05. Competition applications: from 10:15 to 10:20.

Random bidding end period (sec.): 0 Bid step: 0.1

Time step (sec): 60

Extension period end time: 10:30:00.

Formation of the consolidated register of applications: from 10:30 to 11:00. Setting the cutoff interest rate and (or) recognizing the selection of applications as unsuccessful: from 10:30 to 11:10. Sending an offer to credit institutions to conclude a bank deposit agreement: from 11:10 to 11:30. Receipt of acceptance of the offer to conclude a bank deposit agreement from credit institutions: from 11:10 to 11:30. The time of deposit transfer in accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.