UZSE turnover decreases by 45% in 2013

According to the exchange, it recorded 941 deals (917 deals in 2012) and sold 122.034 million shares of 110 joint stock companies for 57.2 billion soums and 35,700 bonds of five issuers for 36 billion soums.

The share of IPO market of UZSE made up 63.2% of total turnover or 58.8 billion soums in 2013. The turnover at IPO market fell by 35.9% in 2012 (83.9 billion soums in 2012).

The exchange said that main reason for decrease of the volume at IPO market at UZSE in 2013 was low activity of commercial banks, which placed over 90% of their new emissions via closed subscription.

The turnover of the secondary market also fell. The share of the secondary market at total turnover made up 36.8% or 34.4 billion soums in 2013, which fell twice compared to 2012 (86.8 billion soums).

The reason for decreasing of turnover at the secondary market is deficit of proposals of large companies and financial institutions, which have high liquid and investment attractiveness.

UZSE underlined that the exchange turnover with bonds made up 60.1 billion soums in 2013, which decreased almost 1.7 times and made up 36 billion soums.

About 86.1% of total turnover of UZSE or 80.2 billion soums fell to share of securities of the financial institutions, of which 79% or 73.6 billion soums – to banks, 3.2% or 2.9 billion soums to insurance companies, 3.9% or 3.7 billion soums – leasing companies. The share of financial sector in 2012 was 55.9% or 95.4 billion soums.

Share of agriculture complex at UZSE turnover made up 3.7% or 3.4 billion soums (4.2% or 7.1 billion soums in 2012). The industrial sector accounted 4.2% or 2.9 billion soums (29.3% or 49.9 billion soums). Enterprises of construction industry accounted 2.3% of UZSE turnover or 2.2 billion soums (2.1% or 3.5 billion soums in 2012).