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Baku Stock Exchange posts 38% drop in turnover

02 July 2009 12:48 (UTC +04:00)

BakÄ±. Nicat Mustafayev â€“ APA-Economics. The total volume of transactions for the period of January-June 2009 for all securities traded in Baku Stock Exchange was AZN 2 502.73 Mln. This amount is 37.79% lower than the same indicator for the corresponding period of last year.
93.02% 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 76.92% and 73.60%, respectively. Moreover the volume of Repo transactions decreased by 36.77%. Overall the government securities market fell by 40.86%.
The overall corporate securities market increased for 2.01 times. Particularly, the secondary market of corporate bonds increased for more than 3.8 times.
The highest growth rate was observed in the secondary market of equities, which jumped 237 times. Additionally, the volume of primary market for equities and bonds increased by 49.80% and 26.86%, respectively.
There is an increase in trading activity of both Treasury Billsâ€™ primary and secondary markets for 2.07 and 8.6 times, respectively.

Market segments	January-June, 2009		January-June, 2008		Percentage ratio
Market segments	Volume of transactions, AZN	Number of transactions	Volume of transactions, AZN	Number of transactions	Percentage ratio
GB - (Ministry of Finance) (placement)	260 007 253,14	143	125 025 752,90	102	2,1 times
GB - (MF) (secondary market)	139 423 136,70	74	16 194 394,92	24	8,6 times
Notes (Central Bank) – (placement)	217 871 863,12	131	944 027 512,34	368	23,08
Notes (CB) – (secondary market)	65 785 072,32	37	249 148 298,00	188	26,40
Repo operations	1 644 841 375,16	404	2 601 556 239,67	843	63,23
Total GS	2 327 928 700,44	789	3 935 952 197,83	1 525	59,15
Corporate bonds– (placement)	15 097 500,00	15	11 900 616,50	38	1,2 times
Corporate bonds – (secondary market)	29 790 733,40	18	7 810 726,77	57	3,8 times
Stocks – (placement)	100 461 844,60	392	67 065 800,20	291	1,5 times
Stocks – (secondary market)	29 447 875,10	1,523	123 827,80	217	237,8 times
Total CS	174 797 953,10	1 948	86 900 971,27	603	2 times
Total	2 502 726 653,54	2 737	4 022 853 169,10	2 128	62,21

GB - Government bonds
AR MF â€“ Ministry of Finance of Azerbaijan Republic
AR CB â€“ Central Bank of Azerbaijan Republic
GS â€“ government securities
CSâ€“ corporate securities