Turnover of shares for the year decreased by 4%

Baku/27.01.14/Turan : In 2013, due to the secondary circulation of corporate bond market the volume of corporate securities rose by 31%. At the same time due to lower volumes organize an annual turnover of shares for the year decreased by 4%.

A total of 4,749 transactions made ??by corporate operations with securities was 1 736.8 million manat. This exceeded the figure for the year 2012 by 60%. 66% of the turnover accounted for corporate bonds. According to the report of the State Committee for Securities, Azerbaijan Mortgage Fund (AMF) with the annual 761.1 million manat is a major player in this market. This is the highest number since the issuance of its securities. It is noteworthy that only 57.3 million manat of this sum accounted for placement under the AMF mortgage financing projects.

Private companies in 2013 also issued corporate bonds with an annual turnover amounted to 182.6 million manat, which is 84 % higher than in 2012 .

It is noteworthy that the volume of primary placement of corporate bonds ( 344.4 million manat ) last year fell by 6%, and the growth of this segment of securities was achieved at the expense of their secondary circulation.

In the past year, stock market transactions on the purchase and sale of securities of 495 JSC were conducted in Azerbaijan. Total volume amounted to 573.2 million manat, which is 4 % less than in 2012 . IPO volume by 352 transactions totaled 424.7 million manat, which is 16 % lower than the previous year. In the secondary market for shares was recorded 60 % growth with the index of 148.5 million manat. In SCS they noted that the decline of the market of shares was due to the reduction of activity of the state, which in 2012 placed shares worth 200.5 million manat in the market. - 08D -