According to BSE, corporative securities market decreased 3.1 times during the same period. Primary market of corporative market dropped 3.2 times, secondary market – 4.1 times. Generally, corporative bonds market decreased 3.8% during the same period.
About share market, volume of deals registered on this type of securities made AZN 17.007 mln, down 36.6% from January-March, 2011. Primary market of shares slipped 32.4%, secondary market declined by 5.3 times.
Corporative securities
Market segments | January-March, 2012 | January-March, 2011 |
Ratio (%) | ||
Volume of transactions, | Number of transactions | Volume of transactions, AZN | Number of transactions | ||
Corporate bonds (placement) | 12,370,335.00 | 14 | 39,659,251.99 | 28 | -3.2 times |
Corporate bonds (secondary market) | 24,313,096.36 | 14 | 101,170,652.17 | 31 | -4.1 times |
CB market total | 36,683,431.36 | 28 | 140,829,904.16 | 59 | -3.8 times |
Share (Placement) | 16,565,800.00 | 18 | 24,514,694.00 | 54 | -32.43% |
Share (secondary market) | 440,832.51 | 791 | 2,331,892.92 | 741 | -5.3 times |
Share market total | 17,006,63.,51 | 809 | 26,846,586.92 | 795 | -36.65% |
CS market total | 53,690,063.87 | 837 | 167,676,491.08 | 854 | -3,. times |
Besides, the government bonds market increased by 76.4%. CN notes rose 42.9% in comparison with a year earlier. The primary market of notes grew 41.1%, secondary market - by 16.3 times. At the same time, repo operations soared 95.2% to AZN 2.326 bln. No deals were closed in primary market of government bonds.
Comparative table on the results of trades of Government Securities at BSE
Government securities
Market segments | January-March, 2012 | January-March, 2011 |
Ratio, | ||
Volume of transaction, | Number of transaction | Volume of transaction, | Number of transaction | ||
GB - (AR MF)(placement)) | 0,00 | 0 | 76,808,348.63 | 47 | - |
GB - (AR MF) (secondary market)) | 663,315.84 | 1 | 11,018,195.05 | 13 | -16.6 times |
GB Total | 663,315.84 | 1 | 87,826,543.68 | 60 | -132.5 times |
Notes (AR CB) – (placement) | 294,564,796.09 | 76 | 208,776,212.08 | 74 | +41.09% |
Notes (AR CB) – (secondary market) | 4,079,646.24 | 2 | 250,095.92 | 1 | +16.3 times |
Notes Total | 298,644,442.33 | 78 | 209,026,308.00 | 75 | +42.87% |
Repo operations | 2,326,351,022.15 | 330 | 1,191,481,903.88 | 225 | +95.25% |
GS Market Total | 2,625,658,780.32 | 409 | 1,488,334,755.56 | 360 | +76.42% |
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 R.