Azerbaijan’s corporate securities market grows by over 40 percent

Photo: Azerbaijan’s corporate securities market grows by over 40 percent  / Business News

Baku, Azerbaijan, Dec.10

By Emin Aliyev - Trend:

The total turnover of transactions on all instruments on the Baku Stock Exchange (BSE) in January-November 2013 totalled 7.041 billion manat, or 18.42 per cent less compared to the same period of 2012, according to a message from the stock exchange published on Dec.10.

Such a reduction in the country's stock market caused by the decrease in the state securities market by 24.18 per cent took place while the corporate securities market increased by 41 per cent.

The volume of the state securities market exceeded 5.965 billion manat in January-November and the volume of corporate securities hit 1.076 billion manat, the stock exchange said.

Comparative table on the results of trade in the corporate sector at the BSE (January-November 2013):

Market segments

30.11.2013

30.11.2012

Percentage ratio

Volume of transactions. AZN

Number of deals

Volume of transactions. AZN

Number of deals

Corporate bonds- (placement)

109 180 822.74

80

37 635 335.00

73

290.10 %

Corporate bonds - (secondary market)

564 904 018.96

175

325 946 685.47

114

173.31%

Stocks - (placement)

385 204 033.69

319

387 479 137.24

227

99.41%

Stocks -(secondary market)

16 747 181.43

3 162

12 092 680.40

3 084

138.49%

CS Market Total

1 076 036 056.82

3 736

763 153 838.11

3 498

141.00%

Comparative table on the results of trade in the state sector at the BSE (January-November 2013):

Market segments

30.11.2013

30.11.2012

Percentage ratio

Volume of transactions. AZN

Number of deals

Volume of transactions. AZN

Number of deals

GB - (AR MF) (placement)

88 647 421.58

46

98 537 112.31

56

89.96 %

GB - (AR MF) (secondary market)

30 535 228.09

12

21 029 020.89

19

145.21 %

Notes (AR CB) - (placement)

279 845 254.59

100

811 733 044.92

209

34.48 %

Notes (AR CB) - (secondary market)

43 955 612.02

4

138 209 486.82

26

31.80 %

Repo operations

5 522 177 626.66

503

6 798 310 399.70

938

81.23 %

CS Market Total

5 965 161 142.94

584

7 867 819 064.64

1 248

75.82 %

Abbreviations:

- GB - government bonds,

- GS - government securities,

- CB - corporate bonds

- CSC- corporate securities

The official exchange rate on Dec.10 is 0.7843 AZN/USD.

Translated by L.Z.

Edited by S.M.

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