Bank Of Baku

Over-the-counter share market exceeds official stock exchange turnover by 60 times in Azerbaijan

Over-the-counter share market exceeds official stock exchange turnover by 60 times in Azerbaijan
# 01 May 2012 11:09 (UTC +04:00)
Report says number of operations in corporate securities market rose 9%, however volume of market decreased by 50% to AZN 88.4 mln on the background of lagging in debt instruments dynamic. 48% of operations with corporate securities made equities, 52% - corporate bonds.

“Although, several structural stocks caused lagging in the primary market of stocks, the reviving in the secondary market of stocks provided the positive dynamic of stock market. So, expiring of tax concessions for bankers and insurers, which directed the profit to increase the authorized capital, resulted with number of increase of share placement in primary market by 66.6%, volume – decrease by 32%. However, increase of number of operations in stock market by 17.8%, volume – by 2.3 times commonly stimulated the number of operations in stock market by 12.7%, volume – by 18% to AZN 42 mln”.

At the same time, volume of closed deals in secondary market of shares made AZN 440,833, volume of over-the-counter deals stood at AZN 25,047,705. As it seems, over-the-counter deals in secondary market exceeded the volume of official stock exchange deals by 56.8 times.

“Decrease of volume of operations with Azerbaijan Mortgage Fund’s bonds has influenced the debt market dynamic negatively. So, both primary and secondary markets of lagged, number of operations in the market dropped 48%, volume – 67% to AZN 46.4 mln. The decrease of corporate debt market was influenced by mainly significant decline in operations with AMF’s bonds. So, volume of mortgage bonds decreased by 90% to AZN 11 mln”.
1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED