Application of stock market index delays in Azerbaijan

Application of stock market index delays in Azerbaijan
# 19 December 2012 12:56 (UTC +04:00)

Baku. Ali Ahmedov – APA-Economics. At present, the application of a special index related with Azerbaijan’s stock market is not actual, said the chairman of State Committee for Securities Rufat Aslanli.

He says application of index in Azerbaijan hypothetically possible. But minority of companies in BSE’s listing (2 companies) prevents it: “According common principles, the indexes must be based on realities in the sphere, to which they belong, cover more spheres and reflect the situation in this sphere objectively. Even, although more countries are included in index in several countries, one company is represented in several spheres there. In such case, application of indexes causes market changeability and helps speculator more than investors”.

Aslanli says when the companies in stock market will present at least 5 spheres and each sphere includes 5 companies, calculation of the indexes on Azerbaijan’s stock market can be actual.

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THE OPERATION IS BEING PERFORMED