Growth on Azerbaijani corporate market hits 20 percent
Azerbaijan, Baku, July 25 / Trend , N.Ismayilova/
In January-June 2009, turnover of corporate securities in Azerbaijan was 200.6 million manat which is by 24.4 percent tops the figure in the same period of 2008, the State Committee on Securities reported.
Turnover of stakes was 155.5 million manat with a 9.7-percent increase from 2008 and growth of the primary stake market was 49.8 percent.
Turnover of the corporate bonds was 45.08 million manat with a 132.5-percent increase. The basis of the growth rate of this figure comprises growth in the secondary market for corporate bonds by 29.6 times.
In January-June, turnover of the market for government securities amounted to 2.33 billion manat, which is 40.9 percent lower than the same period last year.
Market size of government bonds rose by 182.8 percent, reaching 399.4 million manat, and notes market of the country's Central Bank decreased by 76.2 percent and was 283.66 million manat.
Operations on REPO and reverse REPO was 1.645 billion manat.
Total volume of the Azerbaijani securities market was 2.356 billion manat in January-June, 2009 with a 32-percent decrease from the same period in 2008.
On July 25, the official exchange rate is 0.8042 manat to $1.
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