National Depository Centre of Azerbaijan: securities turnover for 2011 exceeded 4.7 fold the 2010 index
Baku, Fineko/abc.az. The National Depository Center of Azerbaijan (NDCA) reports the phenomenal growth rates of the countrys stock market in post-crisis world: turnover of domestic securities market in 2011 exceeded the 2010 turnover 4.69 fold.
The Centre says that 478 deals with securities for totally AZN 1.035 bn at par value (best index for 2011) were concluded in December against 424 deals for AZN 63.994 million in November.. As a result, turnover for 2011 made AZN 2.42 bn on 4.992 deals.
The December turnover consisted mainly of 15 deals for placing of shares for AZN 947.2 million against 19 ones for AZN 13.54 million in November.
It was concluded 253 stock exchange deals for AZN 78.71 million in December versus 230 ones for AZN 48.924 million in November. December’s turnover on ex-pit transactions totaled AZN 9.981 million on 210 deals against AZN 1.529 million on 175 deals in November.
As a result in 2011 it was concluded 515 deals for placement of shares for AZN 1.878 bn , 3,496 stock-exchange deals for AZN 457.756 million and 1.081 ex-pit transactions for AZN 83.3 million.
In 2010 it was concluded 6,491 deals with securities in the overall amount of AZN 516.09 million at par value, including 275 deals for AZN 57.4 million in December.
In 2010 the operations consisted mainly of deals with additional issue of shares – 1,843 deals for AZN 316.1 million, including 17 deals for AZN 47.69 million in December. Turnover of 4,504 stock-exchange deals totaled AZN 165.89 million, including AZN 6.49 million on 274 deals in December. 182 ex-pit transactions were concluded for totally AZN 33.056 million, including 24 deals for AZN 3.219 million in December.
As of 1 January 2012 exchange rate of manat was AZN 0.7865 to the US dollar and in accord with it the nominal volume of last years securities turnover totaled $3.077 bn versus $646.8 million in 2010.
The turnover does not take into account the deals with securities of the Ministry of Finance and the Central Bank of Azerbaijan.
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