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Azerbaijan sees almost fourfold increase in its corporate securities market

Economy Materials 8 October 2014 19:38 (UTC +04:00)
The total turnover of transactions on all instruments on the Baku Stock Exchange (BSE) in January-September 2014 stood at 7.366 billion AZN, or by 1.4 times more compared to the same period of 2013.
Azerbaijan sees almost fourfold increase in its corporate securities market

Baku, Azerbaijan, Oct.8

By Maksim Tsurkov - Trend:

The total turnover of transactions on all instruments on the Baku Stock Exchange (BSE) in January-September 2014 stood at 7.366 billion AZN, or by 1.4 times more compared to the same period of 2013, BSE said on Oct.8.

The volume of the state securities market hit 4.061 billion AZN (a decrease by 7.38 percent) during the reporting period and the turnover of corporate securities market totaled 3.3 billion AZN (a 3.8 times growth).

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

Market segments

As of Sept.30, 2014

As of Sept.30, 2013

Percentage ratio

Volume of transactions (AZN)

Number of deals

Volume of transactions (AZN)

Number of deals

SB (Finance Ministry) - (placement)

62,560,236.20

25

67,803,079.68

39

92.27 percent

SB (Finance Ministry) -(secondary market)

22,277,144.13

15

17,968,727.52

5

123.98 percent

Notes (Central Bank) - (placement)

133,073,320.70

42

234,883,949.58

87

56.65 percent

Notes (Central Bank) -(secondary market)

307,811,957.68

23

43,955,612.02

4

700.28 percent

Repo transactions

3,536,224,177.90

293

4,021,159,940.18

405

87.94 percent

SS market, total

4,061,946,836.61

398

4,385,771,309

540

92.62 percent

CB (placement)

1,894,215,059.94

80

83,565,524.60

63

2266.74 percent

CB (secondary market)

604,408,832.31

231

458,372,663.64

146

131.86 percent

Stocks (placement)

802,126,462.10

580

323,261,199.69

278

248.14 percent

Stocks (secondary market)

3,412,412.73

3,384

14,259,629.78

2,765

23.93 percent

CS Market Total

3,304,162,767.08

4,275

879,459,017.71

3,252

375.70 percent

Total:

7,366,109,603.69

4,673

5,265,230,326.69

3,792

139.90 percent

Abbreviations:

- SB - state bonds

- SS - state securities

- CB - corporate bonds

- CS- corporate securities

Official exchange rate on Oct.8 is 0.7843 AZN/USD.

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