OREANDA-NEWS. The turnover of the Baku Stock Exchange (BSE) for March declined by 38.8% against February 2013.

The BSE reports that overall turnover on all instruments reached AZN 554.7 million on 297 deals for March versus AZN 906.688 million on 407 deals (this year’s best index) in February 2013 and AZN 760.457 million in March 2012.

"The BSE turnover for Jan-Mar 2013 totaled AZN 1.607 bn on 1,068 deals against AZN 2.679 bn on 1,246 deals a year earlier,” it was informed.

Year-on-year turnover decline made up 39.99%.

For Jan-Mar of the year 94.89% of turnover accounted for government securities (AZN 1.525 bn on 174 transactions), and the rest for corporate securities (AZN 82.03 million on 894 transactions). The basis of BSE turnover for Jan-Mar 2013 consisted of repo operations with government securities (AZN 1.36 bn on 128 deals).

The BSE achieved a record in the history of market turnover in December 2011 (AZN 1.87 bn), and the best turnover in 2012 was recorded in July – AZN 1.287 bn. In 2012 BSE turnover amounted AZN 9.001 bn on 5,480 transactions, which was by 6.78% more than for 2011 (AZN 8.429 bn on 5,542 transactions).

Over 2012 only 89.91% of deals accounted for government securities (AZN 8.09 bn on 1,307 deals) and the rest for corporate securities (AZN 908.1 million on 4,173 deals). The basis of turnover for 2012 formed REPO operations with government securities (AZN 6.856 bn on 948 deals).

The BSE turnover totaled AZN 8.429 bn on 5,542 deals in 2011, but only 79.69% of deals accounted for government securities (AZN 6.717 bn on 1,768 deals) and the rest for corporate securities (AZN 1.7 bn on 3,774 deals).

The BSE overall turnover on all instruments was AZN 2.226 bn in 2010, AZN 3.3 bn in 2009, AZN 9.519 bn in 2008 (still absolute record for a year), and AZN 5.48 bn in 2007.