Baku. Nijat Mustafayev – APA-Economics. Azerbaijan’s share market dropped by 4.7 times year-on-year during the first quarter to AZN 129 million, said the State Committee for Securities.
The primary market accounted for 62% of the market, leaving 38% to the secondary market.
The share market was wholly realized through the financial sector.
The issue of shares jumped 6% year-on-year to AZN 79.5 million during the first quarter.
Shares trade (secondary market) amounted to AZN 47.8 million, up 3.5 times on the same period last year.
Dealing in shares flowed to on-floor market from off-exchange market.
Therefore, stock trade on Baku Stock Exchange (secondary market) skyrocketed by 662-fold to AZN 28.5 million.
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