Azerbaijan National Depository Centre: stock market turnover decreased by 3.9% in August

Baku, Fineko/abc.az. The National Depository Center of Azerbaijan (NDCA) reports of decrease in turnover of the stock market in August by 3.9% against a rise by 14% in July and 2.15-fold in June 2013. In 2012 the turnover grew by 26.5% and phenomenal growth rate 4.69 fold was registered in 2011.

The Centre says that 371 deals with securities for over AZN 185.617 million at par value were concluded in August against 481 deals for AZN 193.178 million here in July (the best index for this year). June kept leader position on the number of deals - 519 deals for AZN 169.445. The best turnover in 2012 was registered in September (397 deals for AZN 307.99 million) and in 2011 in December (478 deals for AZN 1.035 bn).

"Turnover for Jan-Aug 2013 totaled AZN 922.110 million on 3,349 deals," the Centre informed.

Turnover for 2012 made up AZN 3.06 bn on 4,816 deals against AZN 2.42 bn on 4,992 deals for 2011.

This August it was concluded 35 deals for placement of shares for AZN 78.507 million and total turnover on these operations in 2013 exceeds AZN 411.540 million on 273 deals.

In August turnover on 317 stock-exchange deals reached AZN 104.352 million and AZN 399.431 million on 2,797 deals for Jan-Aug 2013) and on 19 ex-pit transactions AZN 2.757 million and AZN 109.133 million on 213 deals for Jan-Aug 2013.

As of 1 September exchange rate of manat was AZN 0.7844 to the US dollar and in accord with it the nominal volume of 2013 securities turnover still totals $1.175 bn versus $3.899 bn in 2012.

The turnover does not take into account the deals with securities of the Ministry of Finance and the Central Bank of Azerbaijan.

Source: Abc