Turnover of Baku Stock Exchange soars

In January, the total value of transactions concluded on all financial instruments at the Baku Stock Exchange (BSE) amounted to roughly 10.3 billion manats ($6.05 billion), 4.55 times more compared to the same period last year, Report informs, citing BSE.

The number of transactions concluded in the last year increased by 3.4 times to 3,189.

Some 95.7% or 9.87 billion manats ($5.8 billion) of BSE's turnover accounted for repo operations. This is 6.15 times more compared to the previous year.

During the reporting period, the value of transactions on government securities decreased by 87% to 65.9 million manats ($38.76 million), while the value of transactions on corporate securities increased by 2.4 times to 375.2 million manats ($220.7 million).