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Azerbaijan sees fourfold increase in its corporate securities market

Economy Materials 10 September 2014 18:04 (UTC +04:00)
The total turnover of transactions on all instruments on the Baku Stock Exchange (BSE) in January-August 2014 stood at 7.169 billion AZN, or by 1.57 times more compared to the same period of 2013.
Azerbaijan sees fourfold increase in its corporate securities market

Baku, Azerbaijan, Sept.10

By Zulfiyya Gurbanova - Trend:

The total turnover of transactions on all instruments on the Baku Stock Exchange (BSE) in January-August 2014 stood at 7.169 billion AZN, or by 1.57 times more compared to the same period of 2013, BSE said on Sept.10.

The volume of the state securities market hit 4.039 billion AZN during the reporting period and the turnover of corporate securities market totaled 3.13 billion AZN (a 3.98 times growth).

Comparative table on the results of trades on corporate sector at BSE (Jan.-Aug. 2014):

Market segments

As of Aug.31, 2014

As of Aug.31, 2013

Percentage ratio

Volume of transactions (AZN)

Number of deals

Volume of transactions (AZN)

Number of deals

SB (Finance Ministry) - (placement)

58,557,735.96

23

61,803,101.77

37

94.75 percent

SB (Finance Ministry) -(secondary market)

19,266,344.13

14

12,949,227.52

4

148.78 percent

Notes (Central Bank) - (placement)

123,081,500.70

40

219,897,013.45

83

55.97 percent

Notes (Central Bank) -(secondary market)

302,813,539.11

22

43,955,612.02

4

688.91 percent

Repo transactions

3,535,442,985.80

292

3,434,774,077.58

353

102.93 percent

SS market, total

4,039,162,105.70

391

3,773,379,032

481

107.04 percent

CB (placement)

1,814,596,643.94

72

83,333,524.60

59

2177.51 percent

CB (secondary market)

522,991,485.87

197

396,611,996.93

130

131.86 percent

Stocks (placement)

789,443,537.10

578

291,808,611.69

261

270.53 percent

Stocks (secondary market)

3,091,921.03

2,923

14,107,252.28

2,673

21.92 percent

CS Market Total

3,130,123,587.94

3,770

785,861,385.50

3,123

398.30 percent

Total:

7,169,285,693.64

4,161

4,559,240,417.84

3,604

157.25 percent

Abbreviations:

- SB - state bonds

- SS - state securities

- CB - corporate bonds

- CS- corporate securities

Edited by CN

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