Baku Stock Exchange turnover down 23%

The total value of transactions on all financial instruments of the Baku Stock Exchange (BSE) for January-September this year amounted to 9.146 billion manats ($5.38 billion), decreasing by 23.4% from the previous year, Report informs.

Over the past year, the number of concluded transactions has decreased 25.5% to 6,207.

State securities accounted for 4.908 billion manats ($2.89 billion), or 53.7% of the BSE turnover, which is 20.9% less than a year earlier.

The value of transactions in the corporate securities market increased by about 2.3 times to 755.265 million manats ($444.27 million) during the reporting period, and repo transactions went down 35.6% to 3,482.7 million manats ($2.05 billion).