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Baku Stock Exchange gets 92% rise in turnover

02 October 2008 14:48 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. During January-September, the total turnover of deals on all the instruments rose to AZN 5 984,991 million on Baku Stock Exchange, up 91.81% from the same period last year.
Government securities tripled year-over-year and accounted for 96.94% of all transactions, said Baku Stock Exchange in a press release.
The growth of the stock exchange activity was not registered in all segments of the organized securities market. Corporate bond market saw a decline while there was a remarkable growth in repo transactions and notes secondary market.

Market segments	2008 (January-September)	2007 (January-September	Ratio, %
T-bills – (placement)	230 493 274,24	160 419 725,38	143,68
T-bills– (secondary market)	36 785 932,44	15 752 457,56	233,53
Notes – (placement)	1 204 646 066,20	1 275 979 446,78	94,41
Notes) – (secondary market)	390 217 272,82	167 667 682,16	232,73
Repo	3 939 669 983,28	1 238 163 210,40	318,19
Total Government Securities	5 801 812 528,98	2 857 982 522,28	203,00
Corporate bonds– (placement)	32 320 946,50	23 725 470,25	136,23
Corporate bonds – (secondary market)	14 728 762,43	7 125 215,29	206,71
Stocks – (placement)	135 479 442,27	175 964 223,80	76,99
Stocks – (secondary market)	649 968,60	55 450 796,23	1,17
Total CS	183 179 119,80	262 265 705,57	69,84
Total	5 984 991 648,78	3 120 248 227,85	191,81