140,000 investors, which is 5-7% of active market participants, are participating in the “acceleration” of shares of lower-tier companies on the stock exchange, the Bank of Russia reported. The so-called overclocking is an unreasonable increase in quotes, which is often subject to values \u200b\u200bof issuers that are not included in the “blue chips”.
About 5-7% of active participants in the stock market are involved in the “acceleration” of actions of the second and third echelons. RBC writes about this with reference to Valery Lyakh, Director of the Department of Combating Unfair Practices of the Bank of Russia.
According to calculations by the Central Bank, some 140,000 investors are involved in the unjustified growth of stock prices. These investors trade stocks that are subject to leakage in one form or another, Lyakh said.
Shares of companies of the second and third tiers on the Moscow Stock Exchange often show unreasonable growth. During a trading session, company securities can rise in price by as much as 50-70% and drop in price just as quickly.
Volatility in lower-tier stocks has eased recently ahead of annual shareholder meetings, Lyakh said. Investors involved in the “acceleration” show interest in the shares of companies on the “blue chip” list.
Author:
Kirill Bilyk
Source: RB
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