Baku Stock Exchange posts 90% decline in January-August turnover

Baku Stock Exchange posts 90% decline in January-August turnover
# 01 September 2009 12:40 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The total volume of transactions for the period of January-August 2009 for all securities traded in Baku Stock Exchange was AZN 2 789.99 Mln.
The overall corporate securities market increased by 67.88%. Meanwhile, the secondary market of corporate bonds increased for more than 2.6 times.
The highest growth rate was observed in the secondary market of equities, which jumped by 59 times. However the primary market of equities increased by 39.00%.
There is an increase in trading activity of primary and secondary markets of Government Bonds, for 1.5 and 5.2 times, respectively.

(Corporate Securities, January-August 2009)


Market segments

January-August, 2009

January-August, 2008

Percentage ratio

Value of deals,
AZN

Number of deals

Value of deals,
AZN

Number of deals

Corporate bonds– (placement)

32 580 343,08

35

32 320 946,50

44

0,8

Corporate bonds – (secondary market)

39 149 873,29

26

14 598 851,53

75

2,6 dəfə

CBs Total

71 730 216,37

61

46 919 798,03

119

52,88

Stocks – (placement)

129 020 247,40

1 265

92 821 189,87

402

39

Stocks –
(secondary market)

34 836 005,22

2 077

588 424,60

352

59 dəfə

Stocks Total

163 856 252,62

3 342

93 409 614,47

754

75,4

CS Market Total

235 586 468,99

3 403

140 329 412,50

873

68



(Government Securities, January-August 2009)


Market segments

January-August, 2009

January-August, 2008

Percentage ratio

Value of deals,
AZN

Number of deals

Value of deals,
AZN

Number of deals

GB - (AR MF) (placement)

330 494 678,57

187

215 839 088,48

172

53,12%

GB - (AR MF) (secondary market)

139 423 136,70

74

26 793 157,90

40

5,2 dəfə

GB Total

469 917 815,27

261

242 632 246,38

212

93,7

Notes (AR CB) – (placement)

245 753 672,03

154

1 124 780 316,94

531

-78,2

Notes (AR CB) – (secondary market)

67 504 812,02

48

381 546 721,24

298

-82,3

Notes Total

313 258 484,05

202

1 506 327 038,18

829

80,2

Repo operations

1 771 231 865,60

478

3 370 388 000,88

1 100

47,5

GS Market Total

2 554 408 164,92

941

5 119 347 285,44

2 141

50,1



Abbreviations:
GB - government bonds
GS – government securities
CB– corporate bonds
CS– corporate securities
AR MF – Ministry of Finance of Azerbaijan Republic
AR CB – Central Bank of Azerbaijan Republic
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