Uzbekistan’s banking sector again leads in volume of transactions on stock exchange
Baku, Azerbaijan, Oct. 12
By Fakhri Vakilov-Trend:
The volume of transactions on the Uzbekistan’s Republican Stock Exchange (RSE) “Tashkent” amounted to about $35.3 million for the past nine months of 2019, which is almost equal to the results of the same period last year, Trend reports citing comments on exchange trading prepared by Avesta Investment Group.
Avesta Investment Group, a leading investment advisory and research firm in Central Asia, reports that in the first and second quarter of 2019, the volume of operations decreased by 14.3 percent, while in the past three months, it was higher by 17 percent, which allowed catching up with the same period in 2018.
The volume of transactions in September amounted to $2.7 million, which is $10 million lower than August 2019.
Decrease in such industries as engineering, glass industry, construction, trade and insurance was the reason for the volume of operations being down in the first and second quarter.
The average daily turnover in the III quarter amounted to $307,855, which is 15 percent higher than in the same period of the previous year. The number of transactions reached 23,172, almost three times more than in the first nine months of 2018. The total number of various securities that participated in the transactions was 110 compared to 132 in 2018.
Most of the trading volume on the RSE falls on the banking sector, reaching 88.7 percent of the turnover, compared with 76.1 percent for the first nine months of 2018. The second place is occupied by the cement industry with 4.4 percent, the third - by engineering industry with 2 percent.
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