Finance

Home page

Finance

Azerbaijanâ€™s security market increases by 50% during first half of 2011

01 August 2011 09:18 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Azerbaijanâ€™s security market rose 1.5 times to AZN 331.5 mln, during first half of 2011. 21% growth was observed in the secondary market operations with shares and the volume of the operations in primary and secondary market of the shares made AZN 80.6 mln. The operations in corporative bonds market increased by 2.2 times to AZN 250.8 mln.

According to State Committee for Securities, the operations in primary and secondary market of mortgage bonds rose 95% to AZN 212.7 mln. Primary and secondary market of nominated bonds in foreign currency rose to AZN 20.9 mln.

Government securities, as well CB notes increased as a result of neutralization of CBâ€™s monetary policy, during the same period. So that, the primary and secondary market of government securities soared 4% to AZN 194.1 mln, CB notes â€“ surged 4.4 times to AZN 492 mln.

CB notes YTM rose to 2.50% from 2.20%, one-month government bonds YTM rose to 1.46% from 1.36%, three-month government bonds YTM increased to 2.3% from 1.61%, 6-month government bonds YTM climbed to 2.99% to 2.01% and one-year callable government bonds YTM makes 4%.