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Reduction in state securities market in Azerbaijan impact overall turnover of stock transactions

Business Materials 6 May 2009 20:02 (UTC +04:00)

Azerbaijan, Baku, May 6 / Trend /

The total turnover of transactions for January-April 2009 on all instruments on Baku Stock Exchange made AZN 2,189.884 mln. This indicator is lower than the same one for the analogous period of the last year by 22,8%. 

Principal decrease applies to the government securities market, i.e. Notes primary and secondary market down to 74,41% and 61,35% respectively. Besides number of Repo transactions reduced to 15,0% and in general, government securities market went down till 26,0%.

In spite of absence of transactions on corporate securities primary market and decrease of corporate bonds till 27,5% on secondary market, corporate securities market grown up to 3,59.

The largest growth was registered in the secondary market of equities that increased more than 316 times. The primary market of equities grew by more than 5 times. It should be noted that in addition to the volumes the number of transactions considerably went up both in the secondary and primary markets of equities from 135 to 1023 and from 63 to 136 respectively. 

Besides growth of the exchange activity was observed in government bonds secondary market, i.e by 110 times.

Comparative table on the results of auctions on all instruments on the BSE

(January-April 2009)

Market segments

2009 (31.04.09)

2008 (31.04.08)

Percentage ratio

Volume of transactions,

AZN

Number of transactions

Volume of transactions,

AZN

Number of transactions

GB - (AR MF) (placement)

149,463,834.10

80

85,369,528.54

68

175.08

GB - (AR MF) (secondary market)

133,938,054.04

69

12,105,071.64

12

1106.46

Notes (AR NB) - (placement)

185,906,325.68

101

726,348,281.88

240

25.59

Notes (AR NB) - (secondary market)

64,784,623.64

35

167,619,480.16

135

38.65

Repo operations

1,541,329,472.81

293

1,813,292,821.52

565

85.00

Total GS

2,075,422,310.27

578

2,804,735,183.74

1020

74.00

Corporate bonds- (placement)

0.00

0

9,499,016.50

19

0.00

Corporate bonds - (secondary market)

4,436,000.00

13

6,118,526.77

28

72.50

Stocks - (placement)

81,136,898.00

136

16,190,500.00

63

501.14

Stocks -

(secondary market)

28,888,633.80

1023

91,377.80

135

31614.50

Total CS

114,461,531.80

1172

31,899,421.07

245

358.82

Total

2,189,883,842.07

1750

2,836,634,604.81

1265

77.20

Official rate on May 6 is 0.8036 AZN/USD.

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