Baku, Azerbaijan, Sept.9
By Fakhri Vakilov-Trend:
The total volume of transactions on the Republican Stock Exchange (RSE) of Uzbekistan “Tashkent” in August, 2019, reached 120.76 billion soums, which is by 2.9 times higher than in July, 2019, Trend reports citing comments for exchange trading in August, prepared by Avesta Investment Group.
The number of transactions reached 1,896, while 1,954 transactions that were made in July. In the same month of 2018, this result amounted to 35.2 billion soums and 555 transactions. The total number of various securities that participated in transactions at the RSE amounted to 51 units.
The data show that most of the trading volume on the RSE, as usual, falls on the banking sector, reaching 93 percent of the turnover, compared to 90.8 percent last month. The second place is occupied by the services sector with 4.2 percent, and the third place belongs to metallurgy with 0.9 percent.
The average daily trade in August amounted to 5.75 billion soums, which is 3.17 times higher than in July. The average daily number of transactions at the RSE in August amounted to 90, which is 6 percent higher than in July 2019.
Kapitalbank has the largest transaction volume of 3.66 billion soums and the largest share of shares sold during trading from capital (44.44 percent).
The bond issue of Asia Alliance Bank also has a significant amount of transactions of 18.28 billion soums, 35.8 percent of their bond issue is placed on the stock exchange. The third place in the top ten belongs to HI-TECH BANK with 16.2 billion soums of transactions, which amounted to 13.4 percent of the bank’s capital.
Analysts observed price fluctuations of several of the most traded companies during August. Among them, Quartz, Qyzylqumcement, Qo’qon mexanike zavodi, Almalyk Mining and Metallurgical Complex (AMMC) and Uzmetkombinat faced the largest price fluctuations.
Qyzylqumcement started the period at around 1,610 soums and completed it at 1,600 soums (price change by -0.63 percent). The highest price was recorded at the company on August 1, after which prices gradually decreased. On August 15, shares of companies were traded at the lowest price – 1,223 soums per share.
Qo’qon mexanike zavodi showed a downward trend, where the price initially amounted to 1,040 soums, and in the end rose to 1,215 soums. Share prices faced a series of fluctuations, and on August 22, a minimum mark of 1,030 soums was fixed.
Quartz continued the upward trend, where at the beginning the price was 4,597 soums, but in the end it rose to 5,000 soums. The lowest point of 3,500 soums was recorded on August 15-16.
AMMC began the month with a high price of 25,500 soums and ended the month at around 23,000 soums (-10.9 percent). The lowest price of 18,000 soums was noted on August 26, and the maximum price of 28,999 soums was on August 1.
Uzmetkombinat has experienced significant price fluctuations. The company began the month with 38,760 soums, and this figure was reduced to 25,010 soums on August 6. Then, on August 22, prices rose to 32,995 soums, and then fell in 7 days to 29,000 soums. However, on the last day of the period, the price was 35,000 soums.
Avesta Investment Group is a leading investment advisory and research firm in Central Asia, with operations focused in Uzbekistan, Turkmenistan and Tajikistan.
($1= 9408.22 UZS on Sept. 9)
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