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Highest growth on Azerbaijani stock market falls to secondary market of stakes

Business Materials 2 July 2009 14:36 (UTC +04:00)

Azerbaijan, Baku, July 2 / Trend /

The total volume of transactions for the period of January-June 2009 for all securities traded in Baku Stock Exchange was 2 502.73 million manat. This amount is 37.79 percent lower than the same indicator for the corresponding period of last year, the exchange said on July 2.

The 93.02 percent out of the total volume made by the transactions with the government securities.

The main part of the fall comes from the government securities market. Particularly, the primary and secondary market of Notes were down by 76.92percent and 73.60percent, respectively. Moreover the volume of Repo transactions decreased by 36.77percent. Overall the government securities market fell by 40.86percent.

The overall corporate securities market increased for 2.01 times. Particularly, the secondary market of corporate bonds increased for more than 3.8 times.

The highest growth rate was observed in the secondary market of equities, which jumped 237 times. Additionally, the volume of primary market for equities and bonds increased by 49.80percent and 26.86percent, respectively.

There is an increase in trading activity of both Treasury Bills' primary and secondary markets for 2.07 and 8.6 times, respectively

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

(January-June 2009)

Market segments

2009 (30.06.09)

2008 (30.06.08)

Percentage ratio

Volume of transactions,

AZN

Number of transactions

Volume of transactions,

AZN

Number of transactions

GB - (AR MF) (placement)

260 007 253.14

143

125 025 752.90

102

207.96%

GB - (AR MF) (secondary market)

139 423 136.70

74

16 194 394.92

24

860.93%

Notes (AR CB) - (placement)

217 871 863.12

131

944 027 512.34

368

23.08%

Notes (AR CB) - (secondary market)

65 785 072.32

37

249 148 298.00

188

26.40%

Repo operations

1 644 841 375.16

404

2 601 556 239.67

843

63.23%

Total GS

2 327 928 700.44

789

3 935 952 197.83

1 525

59.15%

Corporate bonds- (placement)

15 097 500.00

15

11 900 616.50

38

126.86%

Corporate bonds - (secondary market)

29 790 733.40

18

7 810 726.77

57

381.41%

Stocks - (placement)

100 461 844.60

392

67 065 800.20

291

149.80%

Stocks -

(secondary market)

29 447 875.10

1 523

123 827.80

217

23781.31%

Total CS

174 797 953.10

1 948

86 900 971.27

603

201.15%

Total

2 502 726 653.54

2 737

4 022 853 169.10

2 128

62.21%

Abbreviations:

GB - Government bonds

AR MF - Ministry of Finance of Azerbaijan Republic

AR CB - Central Bank of Azerbaijan Republic

GS - government securities

CS- corporate securities

On July 2, the official exchange rate is 0.8042 manat to $1.

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