Uzbek Stock Exchange turnover increases twofold
Tashkent, Uzbekistan, Oct. 26
By Demir Azizov- Trend:
The turnover of the Uzbek Republican Stock Exchange 'Toshkent' increased by 65.5 percent in January-September 2015 compared to the same period of 2014 and amounted to 113.5 billion UZS, the stock exchange said.
Some 202.2 million securities (33.8 percent growth) of 65 joint stock companies (32 percent decrease) were sold in January-September 2015 at the stock exchange auctions.
The primary market's share in the exchange turnover hit 25.4 percent of the total exchange turnover in January-September 2015 compared to 57.8 percent a year earlier.
The primary market's turnover reduced by 37 percent to 28.8 billion soums.
The stock exchange analysts say the reduction in the share of the primary exchange market's turnover was affected by the decrease in the placement of securities of additional emissions through the exchange.
The secondary market's share in the exchange turnover increased up to 74.6 percent versus 42.2 percent a year earlier.
The secondary market turnover increased by 3.7 times - up to 84.7 billion soums (23 billion soums year ago).
According to the stock exchange, the share of the stock exchange turnovers increased on the secondary market as a result of the activity of joint-stock commercial banks during securities trading.
In particular, the stock exchange turnover of Ipoteka-bank's shares hit about 43 billion soums or a half of the turnover of the secondary market, Asia Alliance Bank - 12.6 billion soums (14.8 percent), InFinBank - 6.2 billion soums (7.4 percent) in the first nine months.
The share of financial companies amounted to 85.2 percent of the stock exchange turnover, including banks - 84.5 percent, insurance and leasing companies - 0.7 percent and 0.03 percent respectively.
The share of an agro-industrial complex in the total stock exchange turnover hit 10.2 percent, the industrial sector - 0.2 percent, the share of the construction enterprises - 2.2 percent, other joint stock companies - 2.2 percent.
There were no transactions with freely convertible currency on the Toshkent stock exchange in January - September 2015.
Toshkent stock exchange was established in 1994. Its founders are investment, brokerage and insurance companies, as well as the State Property Management Committee of Uzbekistan.
The stock exchange organizes primary placement and secondary trading of assets and bonds of privatized companies with approximately 370 issuers being allowed to participate in trading. More than 100 investment institutions are members.
The total trade turnover at the stock exchange increased by 5 percent to 97.6 billion UZS in 2014 compared to 2013.
The official exchange rate is 2649.22 soums/$1.
Edited by CN