In January-November 2016 the turnover of corporate securities (shares and bonds) amounted to 396 million manat, which is 1 billion 652 million manat or 5 times less than in the comparable period of 2015, according to BSE.
The volume of outstanding shares for the 11 months amounted to 114.6 million AZN, 57% less than last year. The acquisition of shares was attended by 16 investors, while last year shares worth 266.7 million manat went to 111 investors.
In the secondary market 1.9 thousand small transactions worth a total of about 3 million manat were concluded. Activity in the secondary stock market fell by 41%, and turnover - three times.
From the beginning of the year, the company has placed bonds worth a total of 168.9 million manat, 8.5 times more than for 11 months of last year. At the same time, investors showed less activity in the secondary market for corporate bonds. Secondary turnover of corporate bonds amounted to 82.8 million manat, which is 2.8 times less than in the comparable period of 2015. --------------08D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review