Azerbaijan sees decline in share market

Azerbaijan sees decline in share market
# 08 January 2013 07:15 (UTC +04:00)

According to BSE, corporative securities market declined 47%% to AZN 908.110 mln. AZN 60.713 mln-placement was recorded on 81 deals in the primary market of corporate bonds. In the secondary market, AZN 343.409 mln-deals were closed on 131 deals. Compared with a previous year, primary market dropped 3.3 times, secondary market – by 35.3%.

Regarding share market, sum of deals on such type of securities made AZN 503.987 mln, down 48.7% from 2011. Primary share market slipped 49.9%, secondary market – rose 91%.

Primary market of government bonds slipped 40.7%, secondary market – by 38.2%. CB notes turnover soared 63.3% to AZN 1.070 bln, including primary market of notes surged 33.7%, secondary market – 16.8 times. In general, the government securities market increased 20.5%.

Market segments

2012

2011

Ratio

Volume of transactions,
AZN

Number of transactions

Volume of transactions, AZN

Number of transactions

GB (AR MF) (placement)

141,740,610.04

72

239,076,694.36

133

-40.7%

GB (AR MF)
(secondary market)

25,713,253.59

23

41,570,251.84

41

-38.2%

Notes (CBA) – (placement)

859,032,852.,54

227

642,520,868.19

279

33.7%

Notes (CBA)
(secondary market)

210,732,784.43

37

12,552,213.77

6

16.8 times

Repo operations

6,856,471,656.45

948

5,781,971,756.98

1,309

18.6%

GS market total

8,093,691,157.05

1,307

6,717,691,785.14

1,768

20.5%

Corporate bonds (placement)

60,713,670.00

81

198,871,740.45

94

-3.3 times

Corporate bonds (secondary market)

343,409,666.86

131

530,327,302.36

119

-35.3%

Shares (placement)

488,028,562.76

548

974,388,229.10

137

-49.9%

Shares
(secondary market)

15,958,952.50

3,413

8,353,613.96

3,424

91%

CS market total

908,110,852.12

4,173

1,711,940,885.87

3,774

-47%

Total

9,001,802,009.17

5,480

8,429,632,671.01

5,542

6.8%

Abbreviations:

DB – government bonds

AR MF – Azerbaijan Republic Ministry of Finance

AR CB – Azerbaijan Republic Central Bank

GS – Government securities

CS – Corporate securities

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