BSE turnover sharply increases 55% year-on-year

BSE turnover sharply increases 55% year-on-year
# 07 August 2012 14:13 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. The total volume of transactions for the January-July of 2012 for all securities traded in Baku Stock Exchange was AZN 7.036 bln, up 54.6 % from 2011.
According to BSE, corporative securities market dropped 27.8%. Corporative bonds’ primary market slipped 2.5 times to AZN 37.215 mln, secondary market - by 19.4% to AZN 148.808 mln. Generally, corporate bonds market slid 32.7% during first 7 months.
Share market declined 8.5% to AZN 64.582 mln. Primary market of shares decreased by 9.5%, secondary market rose by 5%.

Corporative securities

Market segments

January-July, 2012

January-July, 2011

Ratio (%)

Volume of transactions,
AZN

Volume of transactions,
AZN

Corporate bonds (placement)

37,215,335.00

91,885,972.50

-2.5 times

Corporate bonds (secondary market)

148,808,101.58

184,748,225.66

-19.4%

CB market total

186,023,436.58

276,634,198.16

-32.7%

Share (Placement)

59,630,435.35

65,868,332.00

-9.5%

Share (secondary market)

4,951,671.15

4,719,614.34

5%

Share market total

64,582,106.50

70,587,946.34

-8.5%

CS market total

250,605,543.08

347,222,144.50

-27.8%



Government bonds market also decreased during the same period. So, GB market dropped 3.1 times, as well primary market of the bonds declined by 3 times, secondary market – by 3.6 times.
All the same, CB note market increased. So, note market increased by 37.1%, including primary market of notes soared 37.2%, secondary market – 30.7%. Repo operations surged 72.6% and exceeded AZN 6 bln. Generally, the government securities, during January-July, advanced 61.4%.

Comparative table on the results of trades of Government Securities at BSE

Market segments

January-July, 2012

January-July, 2011

Ratio,
%

Volume of transaction,
AZN

Volume of transaction,
AZN

GB - (AR MF)(placement))

59,757,344.13

178,869,168.77

-3 times

GB - (AR MF) (secondary market))

7,348,651.92

26,616,863.09

-3.6 times

GB Total

67,105,996.05

205,486,031.86

-3.1 times

Notes (AR CB) – (placement)

689,155,740.27

502,122,741.33

37.2%

Notes (AR CB) – (secondary market)

12,486,939.02

9,555,687.77

30.7%

Notes Total

701,642,679.29

511,678,429.10

37.1%

Repo operations

6,017,007,047.38

3,486,717,782.68

72.6%

GS Market Total

6,785,755,722.72

4,203,882,243.64

61.4%




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.
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