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Azerbaijan’s corporate securities market grows by almost half

Business Materials 7 November 2013 13:44 (UTC +04:00)
The total turnover of transactions on all instruments on the Baku Stock Exchange (BSE) in January-October 2013 totaled 5.782 billion manat, or by 30 percent less compared to the same period of 2012.
Azerbaijan’s corporate securities market grows by almost half

Baku, Azerbaijan, Nov. 7

By Abbas Akhundov - Trend: The total turnover of transactions on all instruments on the Baku Stock Exchange (BSE) in January-October 2013 totaled 5.782 billion manat, or by 30 percent less compared to the same period of 2012, the exchange statement, published on Wednesday, said.

Such a decrease in stock market in the country caused by decrease in the state securities market by 36.6 percent, while the corporate securities market increased by 43.5 percent.

According to the statement, the volume of the state securities market exceeded 4.795 billion manat in January-October and the volume of corporate securities reached to 986.91 million manat.

Comparative table on the results of trades on corporate sector at BSE (January-October 2013):

Market segments

31.10.2013

31.10.2012

Percentage ratio

Volume of transactions. AZN

Number of deals

Volume of transactions. AZN

Number of deals

Corporate bonds- (placement)

93 636 359.60

67

37 535 335.00

72

249.46%

Corporate bonds - (secondary market)

528 202 337.28

162

285 264 342.71

104

185.16%

Stocks - (placement)

350 465 609.69

292

354 986 325.77

207

98.73%

Stocks -(secondary market)

14 602 393.78

2 970

9 970 172.94

2 850

146.46%

CS Market Total

986 906 700.35

3 491

687 756 176.42

3 233

143.50%

Comparative table on the results of trades on state sector at BSE (January-October 2013):

Market segments

31.10.2013

31.10.2012

Percentage ratio

Volume of transactions. AZN

Number of deals

Volume of transactions. AZN

Number of deals

GB - (AR MF) (placement)

81 353 079.68

43

90 520 502.37

47

89.87%

GB - (AR MF) (secondary market)

28 517 228.09

11

18 146 719.85

15

157.15%

Notes (AR CB) - (placement)

259 862 229.59

96

771 824 818.01

193

33.67%

Notes (AR CB) - (secondary market)

43 955 612.02

4

12 486 939.02

8

352.01%

Repo operations

4 381 699 744.68

430

6 669 760 155.49

905

65.70%

CS Market Total

4 795 387 894.06

584

7 562 739 134.74

1 168

63.41%

Abbreviations:
- GB - government bonds,
- GS - government securities,
- CB - corporate bonds

- CSC- corporate securities

The official exchange rate on Nov.7 is 0.7843 AZN/USD.

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