Bank Of Baku

Baku Stock Exchange posts 32.5% drop in turnover

Baku Stock Exchange posts 32.5% drop in turnover
# 01 June 2009 15:27 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The total volume of transactions for the period of January-May 2009 for all securities traded in Baku Stock Exchange was AZN 2,331.146 mln.
This amount is 32.48% lower than the same indicator for the corresponding period of last year, BSE said in an English language press release.
The 93.45% out of the total volume made by the transactions with the government securities.
The main part of the fall comes from the government securities market. Particularly, the primary and secondary market of Notes were down by 75.98% and 70.37%, respectively. Moreover the volume of Repo transactions decreased by 28.09%. Overall the government securities market fell by 35.71%.
Although the primary market of corporate bonds fell by 99.08%, the overall corporate securities market increased for 2.37 times. Particularly, the secondary market of corporate bonds increased for more than 3.5 times.
The highest growth rate was observed in the secondary market of equities, which jumped 284 times. Additionally, the volume of primary market more than doubled during the mentioned period.
There is an increase in trading activity of both Treasury Bills’ primary and secondary markets for 1.68 and 9.16 times, respectively.


Market segments

2009 (31.05.09)

2008 (31.05.08)

Percentage ratio

Volume of transactions,

AZN

Number of transactions

Volume of transactions,
AZN

Number of transactions

GB - (Ministry of Finance) (placement)

198,338,388.80

102

117,904,357.68

84

168.22%

GB - (MF) (secondary market)

135,498,543.04

70

14,786,209.52

19

916.38%

Notes (Central Bank) – (placement)

201,885,564.12

117

840,617,778.08

314

24.02%

Notes (CB) – (secondary market)

65,785,072.32

37

222,056,611.64

167

29.63%

Repo operations

1,576,890,201.65

336

2,192,794,575.42

702

71.91%

Total GS

2,178,397,769.93

662

3,388,159,532.34

1,286

64.29%

Corporate bonds– (placement)

97,500.00

7

10,600,616.50

22

0.92%

Corporate bonds – (secondary market)

26,373,684.40

16

7,518,550.77

41

350.78%

Stocks – (placement)

97,037,498.60

230

46,032,916.83

74

210.80%

Stocks –
(secondary market)

29,239,819.60

1,260

102,839.00

198

28432.62%

Total CS

152,748,502.60

1,513

64,254,923.10

335

237.72%

Total

2,331,146,272.53

2,175

3,452,414,455.44

1,621

67.52%

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