Baku Stock Exchange Daily Security Turnovers Reach $35,000

Baku Stock Exchange Daily Security Turnovers Reach $35,000

Daily turnover of securities at the Baku Stock Exchange (BSE) amounted to 58.5 million manats on Aug. 20, Trend reports referring to BSE.

Most of the transactions accounted for bonds on the secondary market. Their daily volume amounted to 30.3 million manats.

During the day, deals were made on manat bonds of the Mortgage and Credit Guarantee Fund and USD bonds of Azerbaijan’s State Oil Company SOCAR ($103,000).

Part of the operations fell on the placement of notes of the Ministry of Finance of Azerbaijan and amounted to 28.8 million manats. Transactions were concluded in the price range of 93.9281 to 94.3866 manats per note.

(1 USD = 1.7 AZN on Aug. 21)

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Ivy Heffernan

Ivy Heffernan, student of Economics at Buckingham University. Junior Analyst at HeffX and experienced marketing director.

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