Azerbaijan’s stock market keeps four-fold growth

The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) for January-October 2011 totaled 6.08 billion manat, increasing by 4.2 times compared to the same period of last year, the BSE reported today.

The corporate securities market increased by 72.25 percent compared to the same period of last year. The figure hit 580.5 million manat compared to the same period of last year This is stipulated by the increased volume of transactions in corporate bonds by 2.3 times, although the number of transactions with them declined by 7.9 percent - to 164.

The state securities market increased by 4.9 times. The figure hit 5.5 billion manat. This happened as a result of the sharp increase of repo-operations by 7.2 times and operations with the notes of the Central Bank - by 3.2 times, while the number of transactions with each of these tools has increased by 1.7 times.


/Trend/