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Azerbaijani corporate market grows

Business Materials 1 July 2010 15:17 (UTC +04:00)
Turnover of corporate securities in Azerbaijan was 844,995 million manat in the first half of 2010 which is by 2.96 times less the figure in the same period of 2009, the Baku Stock Exchange reported.
Azerbaijani corporate market grows

Azerbaijan, Baku, July 1/ Trend /

Turnover of corporate securities in Azerbaijan was 844,995 million manat in the first half of 2010 which is by 2.96 times less the figure in the same period of 2009, the Baku Stock Exchange reported.

The overall corporate securities market increased by 1.18 percent and amounted to 176.87 million manat compared to the same period of 2009. The increase in transactions with corporate securities is observed due to the increased volume of transactions with bonds at 2.29 times, while the number of transactions grew by 3.3 times up to 110.

The government securities market decreased by 3.48 times, and hit 668.127 million manat. This was affected by a significant reduction in the repo transactions in 4.49 times, although the number of transactions declined (by 6.19 percent).

Comparative table on the results of trades of Corporate Securities at BSE

(January to June 2010):

Market segments

2010 (30.06.10)

2009 (30.06.09)

Percentage ratio

Volume of transactions,

manat

Number of transactions

Volume of transactions,

manat

Number of transactions

Corporate bonds- (placement)

46,340,064.50

62

15,097,500.00

15

306.94%

Corporate bonds - (secondary market)

65,303,441.73

48

29,790,733.40

18

219.21%

CBs Total

111,643,506.23

110

44,888,233.40

33

248.71%

Stocks - (placement)

61,861,886.96

898

100,461,844.60

392

61.58%

Stocks -

(secondary market)

3,362,363.40

1,010

29,447,875.10

1,558

11.42%

Stocks Total

65,224,250.36

1,908

129,909,719.70

1,950

50.21%

CS Market Total

176,867,756.59

2,018

174,797,953.10

1,983.00

101.18%

Comparative table on the results of trades of Government Securities at BSE

(January to June 2010)

Market segments

2010 (30.06.10)

2009 (30.06.09)

Percentage ratio

Volume of transactions,

manat

Number of transactions

Volume of transactions,

manat

Number of transactions

GB - (AR MF) (placement)

111,314,128.48

43

260,007,253.14

143

42.81%

GB - (AR MF) (secondary market)

78,331,359.26

33

139,423,136.70

74

56.18%

GB Total

189,645,487.74

76

399,430,389.84

217

47.48%

Notes (AR CB) - (placement)

108,515,800.96

97

217,871,863.12

133

49.81%

Notes (AR CB) - (secondary market)

3,472,654.77

1

65,785,072.32

37

5.28%

Notes Total

111,988,455.73

98

283,656,935.44

170

39.48%

Repo operations

366,492,915.86

379

1,644,841,375.16

404

22.28%

GS Market Total

668,126,859.33

553

2,327,928,700.44

791

28.70%

Сокращения:

GB - Government bonds

GS - Government securities

CB - Corporate bonds

CS - Corporate Securities

The official exchange rate is 0.8039 manat to $1 July 1.

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