OTC stock turnover tops exchange turnover on Azerbaijan’s securities market

Azerbaijan, Baku, Feb. 11 / Trend , N.Ismayilova/

In January 2009, stock market turnover hit 53.1 million manat, a 440-percent rise from January 2008, said State Securities Committee.
 
Primary stock market turnover hit 19.8 million manat and secondary stock market turnover hit 33.3 million manat. Secondary stock market turnover at the Baku Stock Exchange (BSE) hit 20.9 million manat, a 68-percent rise from over-the-counter (OCT) transactions - 12.4 million manat.

As a result of activities undertaken to create market prices on the stock and investment instruments market, stock secondary auction at BSE rose 5,097 times and number of transactions 18 times in January 2009 compared with January 2008. Number of OTC auctions decreased by 6 times, OCT transactions by three times.

In January, 163 secondary deals with 1.5 million shares were concluded at the BSE compared to 78 deals with 1.1 million shares of OTC deals.

Figures for stock market, in millions manats

January 2009

January 2008

Difference

(times)

Stock issuance

19.8

9.6

2.1

Stocks (purchase and sale transactions)

33.3

2.4

13.9

Exchange stocks (purchase and sake transactions)

20.9

0.0041

5,097

OTC stocks (purchase and sale transactions

12.4

2.4

5.2

During the reported period, debt securities market hit 1,048 billion manat. Primary market added 136 million manat and secondary market provided 840 million manat.

Government bonds added 34.16 million manat to the primary market and the National Bank of Azerbaijan (NBA) short-term notes added 101.1 million manat.

On the secondary market, transactions in government bonds hit 23.9 million manat, NBA short-term notes hit 24.7 million manat and corporate bonds hit 2.14 million manat.
 
Repo transactions carried out in conjunction with NBA short-term notes hit 809.3 million manat.

Figures for debt securities market, in millions manats

Types of Securities

January

2009

January

2008

Difference

(times)

Corporate bonds issuance

0

1

-

Corporate bonds (purchase and sale transactions)

2.14

0.067

31.9

Government bonds (placement)

34.16

10.1

3.4

Government bonds (purchase and sale transactions)

23.9

0

-

NBA notes (placement)

101.1

213.9

-2.1

NBA notes (purchase and sale transactions)

24.7

66.9

-2.7

NBA repo/counter-repo notes

809.3

323.4

2.5

Promissory notes

-

2.2

-

Fourteen mortgage papers worth 1.2 million manat passed state registration in January. The papers were issued for mortgage loans.

On Feb. 11, the official exchange rate is 0.8077 manat to $1.

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