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Significant Growth Observed in Azerbaijan Fund Market

Business Materials 2 April 2007 19:48 (UTC +04:00)

Azerbaijan, Baku / corr. Trend I.Khalilova / The total turnover of transactions on all instruments on the Baku Stock Exchange made up AZN 532,007 mln. over January-March of 2007.

This indicator exceeds the corresponding period of last year by 310.55%. According to information provided by the Baku Stock Exchange, 90.23% of transactions fell to the share of government securities. It should be noted that the growth of stock exchange activity occurred not in all segments of the organized securities market. There was a registered 12.05% reduction in the secondary market stocks. No operations were registered in the secondary market of T-bills. The largest growth was observed on the repo operations segment (see: the table below).

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

(January-March, 2007)

Market segments 2007 (31.03.07)AZN 2006 (31.03.06)AZN Percentage ratio to 2006 year
T-bills (AR MF) - (placement) 25.422.174,74 17.979.132,66 141,40%
T-bills (AR MF) - (secondary market) 0,00 3.099.369,18 -
Notes (AR NB) - (placement) 299.404.858,88 111.571.951,68 268,35%
Notes (AR NB) - (secondary market) 26.009.762,18 8.231.490,86 315,98%
Repo operations 129.189.269,81 14.586.841,59 885,66%
Total GS 480.026.063,61 155.468.785,97 308,76%
Corporate bonds- (placement) 10.592.230,00 2.762.527,20 383,43%
Corporate bonds - (secondary market) 982.605,43 484.751,14 202,70%
Stocks - (placement) 39.120.707,60 11.134.136,00 351,36%
Stocks - (secondary market) 1.285.508,20 1.461.677,88 87,95%
Total CS 51.981.051,23 15.843.092,22 328,10%
Total 532.007.114,84 171.311.878,19 310,55%
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