Uzbekistan, Tashkent, July 18 / Trend D.Azizov /
According to the stock exchange data, the trade turnover of the Uzbekistan's Tashkent Republican Stock Exchange has decreased by 2.3 in the first half of 2013, in comparison with the indicator of the same year, amounting 33.3 billion soums.
In total 49.289 million units of securities (decrease of 41.7 percent), 85 issuers (decrease by 4.5 percent), as well as 43.789 million assets of 80 joint stock companies in the amount of 27.65 billion soums and 5.5,000 pieces of corporate bonds of five issuers in the amount of 5.61 billion soums have been sold at the stock exchange trade of the Tashkent Republican Stock Exchange in January-June of this year.
The share of primary market in the structure of stock exchange turnover has decreased by 46.4 percent in January-June of this year, in comparison with 74.2 percent in the previous year.
The primary market turnover has decreased approximately by 3.9 times to 14.9 billion soums. The share of state assets' package of privatized enterprises in the structure of primary replacement market of securities is four percent, the share of additional issues has decreased by 5 times to 9.2 billion soums, and the share of corporate bonds has decreased by 2.2 times to 5.1 billion soums.
According to the stock exchange's data, the share of secondary market amounted 53.6 percent; the turnover of the secondary market has decreased by 6.1 percent to 18.3 billion soums. The share of assets in the secondary market turnover has decreased by 8.7 percent - to 17.8 billion soums and the share of corporate assets was sold for 0.5 billion soums.
The analysts of the stock exchange market consider that, one of the reasons of decrease of the activity in the secondary market is the shortage of asset proposals by large and financially sustainable companies, differing with relatively higher liquidity and investment attractiveness, the majority of which are state owned and are not the resources of the secondary market.
The securities of economy's financial sector enterprises dominated over the securities in the industrial structure of the general stock exchange turnover in the first half-year. Their shares were estimated at 82.4 percent of stock exchange turnover (22.5 billion soms).
The banks' assets constituted 67.8 percent of stock exchange turnover (22.5 billion soums), assets of insurance and leasing companies - 3.5 percent (1.2 billion soums) and 11 percent (3.7 billion soums) respectively.
The share of industrial sector enterprises in the stock exchange turnover in January-June of this year was estimated at 0.6 percent in comparison with 17.4 percent in previous year, the share of construction industry enterprises - 1.8 percent and agro-industrial complex - 7.2 percent.
Deals for freely convertible currency at Tashkent Republican Stock Exchange were not concluded in January-June of 2013.
Tashkent Republican Stock Exchange was established in 1994. Its founders are the investment, brokerage and insurance companies, as well as State Property Management Committee of Uzbekistan. The stock exchange organizes primary placement and secondary trading of assets and bonds of privatized companies (approximately 370 issuers are allowed to participate in trade). More than 100 investment institutions are the members of the stock exchange.
Total trade turnover at Tashkent Republican Stock Exchange has decreased by 19.9 percent in 2012, in comparison with the same indicator of 2011 - to 170.6 billion soums.
The official rate for July 18 is 2101.48 soms/$1.