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Price of most Georgian companies’ shares increases on London Stock Exchange

Finance Materials 12 October 2020 14:45 (UTC +04:00)
Price of most Georgian companies’ shares increases on London Stock Exchange

BAKU, Azerbaijan, October 12

By Tamilla Mammadova – Trend:

The price of most Georgian companies’ shares is increased on the London Stock Exchange (LSE), Trend reports via Georgian media.

Bank of Georgia's share price increased by 3.15 percent and per-share value amounts to 9.18 pounds. As a result of the increase, the market capitalization of the company has grown by 14 million pounds and now it totals to 451.38 million pounds. During the week, the Bank of Georgia shares a cost of 1.65 million pounds were traded.

Georgia Capital PLC (CGEO LN) shares price increase made up 9.33 percent, as a result per share value became 4.10 pounds. The market capitalization of the company has increased by 17 million pounds and now it amounts to 196.41 million pounds. As of the stock exchange, Georgia Capital shares, cost of 1.14 million pounds were traded during the week.

The value of TBC PLC shares decreased by 1.59 percent and the cost of per-share value totals 9.88 pounds. However, the market capitalization of TBC declined by 8 million pounds and amounts to 544.94 million pounds. According to the LSE, during the week, TBC PLC shares a cost of 1.53 million pounds were traded.

Georgian Healthcare Group (GHG) is no longer traded on the stock exchange from August 5, 2020, as the company has completely moved to "Georgian Capital".

As for the bonds issued by state-owned companies - Railway and Gas and Oil Corporation, the change in their bonds is as follows:

Railway - bond value is $105.20 - change over the last week + 0.04 percent. On an annual basis, the bond value is reduced by 3.96 percent.

Oil and Gas Corporation - bond value is $101.90 - change over the past week + 0.07 percent. On an annual basis, the bond value is reduced by 2.20 percent. In late September, it was announced that the Oil and Gas Corporation would refinance $250 million worth of bonds through a loan from the EBRD.

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