Uzbek stock exchange's turnover reduces 20 percent in 2009
Uzbekistan, Tashkent, Jan. 13 / Trend D. Azizov /
Summary trade turnover at the Tashkent stock exchange reduced in 2009 compared to a final index at 19.6 percent - up to 89.978 billion sums in 2008, the stock exchange said.
In total, the deals with 217.61 million shares (growth at 35.9 percent / 314 issuers / reduction by 19.9 percent) were concluded at stock exchange auctions in 2008.
Share of the primary market hit 20.5 percent (18.459 billion sums) in the structure of stock exchange turnover compared to 27.7 percent a year before. Share of privatized enterprises' stocks exhibited from the State Property Committee hit 0.6 percent (516.66 million sums) in trade turnover compared to 7.7 percent in 2008. Share of additional issues (announced shares) hit 19.9 percent (17.942 billion sums) compared to 20 percent.
Turnover of the secondary market reduced 11.6 percent - up to 71.468 billion sums in 2009. Turnover of the secondary market hit 79.5 percent of the volume of stock exchange turnover compared to 72.3 percent a year before.
About 2.675 million of shares of 19 joint-stock companies worth $12.029 million were sold for freely convertible currency in the secondary market.
In 2008, about 2.579 million shares of 53 joint-stock companies were sold for freely convertible currency at the auctions of "Tashkent" Republican Stock Exchange. About 158.250 shares of three joint-stock companies were sold for freely convertible currency on the primary market, about 2.42 million shares of 50 joint-stock companies on the secondary one.
In 2008, about 2.579 million shares of 53 joint stock companies were sold at the auctions of Tashkent stock exchange. In 2007, about 7.701 million shares of 57 companies worth $24.28 million were sold.
Republican Stock Exchange Tashkent was founded in 1994. Its founders are investment, broker and insurance companies, as well as the Uzbek State Property Committee. The stock exchange organizes its initial placement and secondary auctions of privatized companies' shares and bonds (about 370 issuers were admitted to auctions). Over 100 investment institutes are members of exchange.
In 2008, trade turnover of Tashkent stock exchange reduced 2.9 percent - up to 111,887 billion sums.