Bank Of Baku

Pickup observed in Azerbaijan’s stock market

Pickup observed in Azerbaijan’s stock market
# 06 September 2011 09:15 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. In the first half of 2011, the government securities market in Azerbaijan has increased in comparison with the figures for the corresponding period last year in 5.1 times and amounted to AZN 3.417 bln.
State Committee for Securities says the growth rate of government securities market was 3.4 times higher than the rate of growth of the corporate securities market.
During the reporting period, the volume of transactions in the primary and secondary markets of government bonds has increased in comparison with the figures for the corresponding period last year by 4%. The weighted average yield of government bonds with a period of one month increased from 1.36% to 1.46% in three months - from 1.61% to 2.3%, six months - from 2.01% to 2.99% yield government bonds and callable maturity of one year was 4%.
During the reporting period, primary and secondary markets of the Central Bank notes increased by 4.4 times and 2.7 times, amounting to AZN 492 mln. Despite the fact that the yield of notes of the Central Bank since the beginning of the year declined for the second quarter, it increased by 1.3 times.
Government securities market

Types of securities 

January-June. 2011

January-June. 2010

Percentage ratio (%)

Number of transactions

Amount (AZN)

Number of transactions

Amount (AZN)

State securities

905

3 417 856 602

553

665 117 859

5.1 times

State bonds 

123

194 093 856

76

186 636 438

4.0%

State bonds (initial placement)

103

173 869 169

43

111 314 128

56.2%

State bonds (secondary market) 

20

20 224 688

33

75 322 359

-73.1%

CB notes

177

492 009 046

98

111 988 456

4.4 times

CB notes
(initial placement)

172

482 453 358

97

108 515 801

4.4 times

CB notes (secondary market) 

5

9 555 688

1

3 472 655

2.7 times

Repo/reverse repo

605

2 731 753 700

379

366 492 916

7.4 times

State bonds (repo/reverse repo) 

9

7 299 536

14

16 492 988

-55.7%

CB notes (repo/reverse repo) 

596

2 724 454 164

365

349 999 928

7.8 times

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