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Baku Stock Exchange gets 93% rise in turnover

04 November 2008 08:55 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. During January-October, the total turnover of deals on all the instruments rose to AZN 7 356.703 million on Baku Stock Exchange, up 92.77% from the same period last year.
Government securities accounted for 97.42% 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 and short-term notes primary markets saw a decline while there was a remarkable growth in repo transactions and notes secondary market.

Market segments	2008 (January-October)	2007 (January-October)	Ratio, %
T-bills – (placement)	240 452 780,50	183 938 700,46	130,72
T-bills– (secondary market)	86 694 093,86	16 499 194,24	525,44
Notes – (placement)	1 324 593 318,50	1 503 074 317,30	88,13
Notes) – (secondary market)	416 683 525,28	187 310 792,38	222,46
Repo	5 098 839 357,28	1 623 655 304,82	314,03
Total Government Securities	7 167 263 075,42	3 514 478 309,20	203,94
Corporate bonds– (placement)	32 320 946,50	25 225 470,25	128,13
Corporate bonds – (secondary market)	14 925 470,93	12 354 499,29	120,81
Stocks – (placement)	139 644 076,67	183 386 528,40	76,15
Stocks – (secondary market)	2 549 671,20	80 835 354,52	3,15
Total CS	189 440 165,30	30 801 852,46	62,77
Total	7 356 703 240,72	3 816 280 16,66	192,77