The overall corporate securities market increased by 38.81%. Meanwhile, the secondary market of corporate bonds increased for more than 2.9 times. However the primary market of corporate bonds increased by 10.16%.
The highest growth rate was observed in the secondary market of equities, which jumped by 54 times. However the primary market of equities increased by 3.13%.
There is an increase in trading activity of primary and secondary markets of Government Bonds, ’for 1.5 and 3.8 times, respectively.
Corporate securities
Market segments | January-September, 2009 | January-September, 2008 | Increase (%) | ||
Value of deals, | Number of deals | Value of deals, | Number of deals | ||
Corporate bonds– (placement) | 35 606 344,08 | 39 | 32 320 946,50 | 44 | 10,16% |
Corporate bonds – (secondary market) | 43 841 185,09 | 32 | 14 728 762,43 | 83 | 2,9 times |
CBs Total | 79 447 529,17 | 71 | 47 049 708 93 | 127 | 68,86 |
Stocks – (placement) | 139 720 247,40 | 1 271 | 135 479 442,27 | 796 | 3,13 |
Stocks – | 35 108 337,62 | 2 274 | 649 968,60 | 405 | 54 times |
Stocks Total | 174 828 585,02 | 3 545 | 136 129 410,87 | 1 201 | 28,43 |
CS Market Total | 254 276 114,19 | 3 616 | 183 179 119,80 | 1 328 | 38,81 |
Government Securities, January-September 2009
Market segments | January-September, 2009 | January-September, 2008 | increase | ||
Value of deals, | Number of deals | Value of deals, | Number of deals | ||
GB - (AR MF) (placement) | 361 646 707,87 | 210 | 230 493 274,24 | 181 | 56,9 |
GB - (AR MF) (secondary market) | 140 123 016,06 | 76 | 36 785 932,44 | 52 | 3,8 times |
GB Total | 501 769 723,93 | 286 | 267 279 206,68 | 233 | 87,73 |
Notes (AR CB) – (placement) | 264 738 921,15 | 167 | 1 204 646 066,20 | 562 | -4,5 times |
Notes (AR CB) – (secondary market) | 67 504 812,02 | 39 | 390 217 272,82 | 308 | -5,8 times |
Notes Total | 332 243 733,17 | 206 | 1 594 863 339,02 | 870 | -4,8 times |
Repo operations | 1 811 711 060,65 | 528 | 3 939 669 983,28 | 1 268 | -2,2 times |
GS Market Total | 2 645 724 517,75 | 1 020 | 5 801 812 528,98 | 2 371 | -2,2 times |
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