BAKU, Azerbaijan, Jan. 13
By Fakhri Vakilov-Trend:
The total volume of transactions on Uzbekistan’s Republican Stock Exchange (RSE) “Toshkent” in 2019 amounted to about $46 million, which is 35.9 percent less than in 2018, Trend reports citing comments on exchange trading prepared by Avesta Investment Group.
The total number of transactions in 2019 amounted to 32,617, which is 3 times higher than in 2018.
During 2019, significant changes occurred in the structure of trading, and the shares of almost all industries changed. The largest change is associated with the banking segment; its share decreased from 85.8 percent in 2018 to 72.8 percent in 2019.
The decrease in the actual volume of operations in the banking sector amounted to $28.1 million and was associated with the placement of bank shares in 2018 in accordance with the new requirements for the minimum size of authorized capital - all banks were forced to increase their authorized capital to $10.5 million. In case of excluding the banking sector from the total, it can be seen that the total volume grew by $2.3 million.
Industries with an increase in volumes were mechanical engineering ($3 million), production of vegetable oil and fats ($2.5 million), glass ($1.9 million), cement ($1.7 million), metallurgy ($695,000), wine and vodka industry ($284,000) and the sector for mining ($225,000).
Industries where volumes declined were banking (by $28.1 million), trade ($16.3 million), construction ($4.6 million), insurance ($4.6 million), fuel and energy ($3.7 million), and production ($2.2 million).
Kapitalbank has the largest total trading volume of $7.7 million, or 16.93 percent of all transactions in 2019.
Turkiston Bank also has a significant transaction volume of $5.3 million with almost 11.57 percent of the turnover on the stock exchange, and Asia Alliance Bank is in the third place in the placement of their corporate bonds with $4 million of turnover.
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