BSE turnover continues to fall

BSE turnover continues to fall
# 05 August 2013 12:01 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. The total volume of transactions for the January-July of 2013 for all securities traded in Baku Stock Exchange was AZN 3.586 bln, down 49% from 2012.


According to BSE, CS market rose 2.4 times to AZN 601.899 mln. Corporate bonds primary market doubled to AZN 76.090 mln, secondary market surged 93.7% to AZN 288.221 mln. Primary share market rose 3.7 times, secondary market – 2.8%.

During the first seven months of this year, negative dynamics of BSE turnover was caused by government securities, especially repo operations on the notes and primary market of notes. Primary CB notes market slipped 3.4 times, secondary market – soared 3.5 times. At the same time, the repo operations on the notes fell 2.3 times to AZN 2.667 mln.

Primary GB market grew 1.3% to AZN 60.553 mln, secondary market – 76.2% times to AZN 12.949 mln. Generally, GS market slid 2.3 times to AZN 2.984 bln.


Comparative table of auctions held at BSE

Market Segments

January-July, 2013

January-July, 2012

Ratio, %

Sum of deals,

AZN

Number of deals

Sum of deals,

AZN

Number of deals

GB (AR MF) (placement)

60,553,101.77

36

59,757,344.13

23

1.3%

GB (AR MF)
(secondary market)

12,949,227.52

4

7,348,651.92

5

76.2%

Notes (CBA) – (placement)

199,914,842.17

76

689,155,740.27

162

-3.4 times

Notes (CBA)
(secondary market)

43,955,612.02

4

12,486,939.02

8

3.5 times

Repo operations

2,667,284,090.65

218

6,017,007,047.38

781

-2.3 times

GS market total

2,984,656,874.13

401

6,785,755,722.72

979

-2.3 times

Corporate bonds (placement)

76,090,025.60

53

37,215,335.00

58

2 times

Corporate bonds (secondary market)

280,221,628.62

105

148,808 101.58

50

93.7%

Shares (placement)

223,815,589.10

234

59,630,435.35

93

3.7 times

Shares
(secondary market)

13,771,828.28

2,379

4,951,671.15

2,044

2.8 times

CS market total

601,899,071.60

2,771

250,605,543.08

2,245

2.4 times

Total

3,586,555,945.73

3,172

7,036,361,265.80

3,224

-49%

Abbreviations:

GB – 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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