Securities turnover decreased by 45%

In the first half of 2013, the turnover of the securities market in Azerbaijan amounted to 3 197.3 million manat, which is 45% less than in the comparable period of 2012. The collapse of the market due to the decline in initial public notes of the Central Bank (-393 million manat, or -70%) and the repo and reverse repo transactions (-2,653 million manat, or -54%), Turan was told by the State Committee for Securities.

In the first half of the year in government securities there were made 323 transactions totaling 2,575 mln (-54%). The bulk of transactions accounted for the repo and reverse repo operations on the notes of the Central Bank. The volume of transactions on the primary and secondary government bond turnover of the Ministry of Finance (AZN 55.5 million) this year has increased by exactly 50%.

Corporate segment increased 2.7 times and reached 622.4 million manat. Number of transactions (in 2583) grew by 10.2%.

At stake (278 million manat) accounted for 44% of the corporate market. The stock market has grown by 3.3 times. A total of 2,445 transactions were concluded on the sale of shares, including the secondary market - 2256. In the first half of the year shares at a total cost of 172 million manat (3.9 times) were placed. According to the BSE, the secondary stock market shares amounted to 4,590.7 thousand manats. Thus, according to the SSC, the OTC stock turnover for the six months of this year amounted to 101.5 million manat. -08D-