Azerbaijan, Baku, May 13 / Trend , N.Ismayilova/
In January-April 2009, the securities market of Azerbaijan hits 2.21 billion manats, out of which 18.9 percent accounted for primary market and 81.1 percent for secondary market, the State Securities Committee said.
The securities market dropped by 15 percent compared to the same period in 2008. The main reason for recession was the reduction of sterilizing tools of the Central Bank of Azerbaijan due to softening of money policy.
In January-April 2009, a total of 419.5 million manats securities were issued, out of which 44 percent were issued by CBA.
Securities of the secondary market totaled 1.795 million manat, out of which 84.6 percent accounted for CBA repo and reverse-repo operations.
The turnover at the securities market surpassed the index of 2008 to 133.6 million manats as for four months of 2009. A total of 61 percent accounted for the primary market and 38 percent for secondary market.
A total of 81.1 million manats shares were issued. This represents an increase of 4.7 times compared to the mentioned period in 2008. The turnover at the secondary market hits 52.5 million manats.
The total debt securities market amounted to 2.08 billion manat, which is 26.7 percent less than the same period last year.
Out of the total amount of debt securities market 14.7 percent accounted for state bonds and 85 percent for short-term bonds of CBA.
The amount of implemented repo and reverse-repo operations with short-term notes of CBA amounted to 1.51 billion manat, which is 16 percent less than this figure for the same period last year.
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