Finance

Finance

BSE turnover continues to fall

02 July 2013 09:23 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. The total volume of transactions for the January-June of 2013 for all securities traded in Baku Stock Exchange was AZN 2.985 bln, down 48% from 2012.

According to BSE, CS market doubled to AZN 233.587 mln. Corporate bonds market primary market surged 95.5% to AZN 62.905 mln, secondary market – doubled to AZN 170.682 mln.

Primary share market rose 4.9 times, secondary market – dropped 4%. In general, share market increased by 4.4 times to AZN 1,765,560 mln.

During the first half of this year, negative dynamics of BSE turnover was caused by government securities, especially repo operations on the notes and primary market of notes. Primary CB notes market slipped 3.4 times, secondary market – soared 3.5 times. At the same time, the repo operations on the notes fell 2.2 times to AZN 2.295 mln.

Primary GB market grew 30.4% to AZN 46.627 mln, secondary market – 6.7 times to AZN 8.933 mln. Generally, GS market slid 2.2 times to AZN 2.574 bln.

Comparative table of auctions held at BSE

Market Segments	January-June, 2013		January-June, 2012		Ratio, %
Market Segments	Sum of deals, AZN	Number of deals	Sum of deals, AZN	Number of deals	Ratio, %
GB (AR MF) (placement)	46,627,770.64	29	35,753,471.07	15	30.4%
GB (AR MF) (secondary market)	8,933,627.52	3	1,325,851.92	2	6.7 times
Notes (CBA) – (placement)	179,933,454.86	69	604,249,270.36	145	-3.4 times
Notes (CBA) (secondary market)	43,955,612.02	4	12,486,939.02	8	3.5 times
Repo operations	2,295,470,977.90	218	4,938,350,331.89	659	-2.2 times
GS market total	2,574,921,442.94	323	5,592,165,864.26	829	-2.2 times
Corporate bonds (placement)	62,905,276.60	47	32,185,335.00	53	95.5%
Corporate bonds (secondary market)	170,682,297.37	82	83,782 802.71	32	2 times
Shares (placement)	171,970,589.10	189	35,451,602.55	47	4.8 times
Shares (secondary market)	4,590,768.02	1,999	4,780,830.77	1,809	-4%
CS market total	410,148,931.09	2,317	156,200,571.03	1,941	2.6 times
Total	2,985,070,374.03	2,640	5,748,366,435.29	2,770	-48%