Azerbaijani stock market increases by over half for year

The total turnover of transactions on all trading areas of the Baku Stock Exchange (BSE) in January - June 2012 amounted to 5.748 billion manat, increasing by 54.3 percent compared to the same period in 2011, the exchange said on Tuesday, Trend reports.

Such an increase in the stock market is provided due to increase in the market of government securities by 63.62 percent, while corporate securities market decreased by 49.08 percent.

The government securities market reached 5.59 billion manat. It is due to increase in repo transactions by 80.78 percent and increase in transactions with Central Bank notes by 25.25 percent.

Reduction in the corporate securities market, whose volume amounted to 156.2 million manat in January-June is due to decrease of transactions in corporate bonds by over half.

 

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