Baku Stock Exchange Turnover for 2009 Dropped by 65,1%
OREANDA-NEWS. January 12, 2010. The BSE reports that in 2009 overall turnover on all instruments AZN 3.323 bn that is by 65.1% less versus the 2008 indicator (AZN 9.519 bn).
In December turnover totaled AZN 148.75 million versus AZN 129.215 million in November, AZN 145.349 million in October, AZN 110.006 million in September, AZN 189.389 million in August, AZN 456.657 million in July, AZN 171.58 million in June, AZN 141.26 million in May, AZN 327.7 million in April, AZN 231.939 million in March, AZN 543.628 million in February and AZN 1.086 bn in January of 2009.
89.4% of the deals fell on the share of government securities in 2009.
“The overall corporate securities market has increased by 47.32%. Particularly, the secondary market of corporate bonds has risen by more than 4 times and primary market by 63.94%. The highest growth rate was observed in the secondary market of equities, which increased 2.28-fold. The primary market volume has grown by 13.17%. There was an increase in trading activity of both state bonds’ primary and secondary markets by 1.68 and 1.23 times respectively,” it was reported.
In 2008 the BSE overall turnover on all instruments reached AZN 9.519 bn (US11.88 bn) that exceeds the 2007 index by 173.39%. For comparison: BSE turnover for 2007 totaled AZN 5.48 bn (US 6.487 bn) that is by 394.94% more versus the 2006 figures. In 2007, 93.84% of transactions fell on the share of government securities. In the first half of 2008 Exchange’s turnover totaled AZN 4.995 bn (US 6.17 bn).
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