Tashkent, Uzbekistan, Jan.14
By Demir Azizov- Trend:
The trade turnover of the Tashkent Republican Stock Exchange (RSE) of Uzbekistan decreased by 45.4 percent in 2013, compared to the same period of 2012 and amounted to 93.17 billion soums, the stock exchange management told Trend on Jan13.
In total, some 123.034 million securities , a decrease of 46 percent including 122.999 million stocks, a decrease of 46.5 percent of 113 joint stock companies (down 12.4 percent) totalling 57.15 billion soums and 35,222 corporate bonds (down 56.2 percent) of six issuers totalling 36.02 billion soums were sold on the RSE's stock exchange trades in 2013.
It was earlier reported that 228.074 million securities, that is 228.074 million stocks of about 129 joint stock companies and 80,500 bonds of four issuers were sold on the stock exchange in 2012. The share of the primary market in stock exchange turnover was 63.2 percent versus 49.1 percent in a previous year and the primary securities market turnover decreased by 29.8 percent to 58.84 billion soums.
The share of the secondary market decreased from 50.9 percent to 36.8 percent whilst the secondary market turnover decreased by 60.4 percent to 34.33 billion soums.
The stock exchange analysts believe that one of the reasons for the decrease in activity on the secondary market is the shortage in offers of shares in large and financially stable companies that have a higher liquidity and investment attractiveness, the majority of which are owned by the state and are not a resource for the secondary market.
No securities were sold in freely convertible currency were conducted in 2013 at the Tashkent RSE.
The Tashkent Republican Stock Exchange was established in 1994. Its founders are investment, brokerage and insurance companies, as well as the State Property Management Committee of Uzbekistan. The stock exchange organises primary placement and secondary trading of assets and bonds of privatised companies with approximately 370 issuers being allowed to participate in trading. More than 100 investment institutions are members.
Total trade turnover at the Tashkent Republican Stock Exchange decreased by 19.9 percent in 2012 compared to the same indicator of 2011 to 170.6 billion soums.
The official exchange rate on Jan.14 is 2203.22 soums/$1.
Translated by L.Z.
Edited by S.M.