78th -Avtokorhona shares actively traded at UzSE
Tashkent (UzDaily.com/Essential Investments) -- According to the results of 23 October at the Uzbekistan Stock Exchange “Tashkent”, 78th -Avtokorhona was a company who had largest turnover and was most active issuer.
In the reporting day, investor purchased 17,500 common stocks of 78th-Avtokorhona, or 28.39% of authorized capital (i.e. blocking stock) at a price of US$0.75 per stock.
According to the opinion of Essential Investments’ analysts, as the investor Sultonov Dilmurod announced his intention to purchase 43,200 stocks (or 70% of authorized capital) of the enterprise in the end of the last week, 78th-Avtokorhona stocks turnover growth should be expected in the near future. This is not the only issuer whose stocks were actively traded by investors. Thus, investors purchased 14.38% of Namangan Markaziy MTF (Central machine and tractor fleet of Namangan region) for national currency on secondary market. In general, trading session was quite active in the reporting day.
The highest attention was attracted by the deal on purchasing of one thousand stocks of Mubarek Neftegazmontaj (Mubarek oil and gas installation), which was held on secondary market for foreign currency. The deal price was US$12, i.e. it didn’t change since the last trading session. It can be assumed that foreign investor is consolidating its share of this issuer. For the last three weeks foreign investors purchased more than 6.5% of authorized capital of this enterprise on secondary market for foreign currency. Until now these securities were purchased by local investors at half of the present price.
Among other local blue chips, besides Mubarek neftegazmontaj, whose shares were traded on 23 October was Galla Bank. Investors purchased 14,600 preferred stocks of the bank. It should be mentioned that, as a result of this deal investor didn’t manage to acquire a significant share in the bank (0.003% holding in the bank). In total Galla Bank has 380 million issued shares.
During the day 11 issuers participated in trading session, two of them were representatives of one sector of economy - food production. In particular, investors purchased common and preferred stocks of Toshkent don mahsulot (Tashkent grain-crop products) and Navoi don mahsulot (Navoiy graincrop products). During the trading day 1.49% of authorized capital of Navoi don mahsulot and 0.15% of Toshkent don mahsulot were purchased. Stocks turnover of these companies made US$17,300, or 33.22% of total turnover of the day.
About 37% of turnover was provided by the deal on purchasing major stock holdings of representatives of transportation sector. Oil and gas sector took 23% of market turnover. Stock turnover of banking sector, which is traditionally considered active, made only 4.18% of total turnover.
Trade turnover in UZS
|Trade turnover in USD
|Total turnover, USD equiv.
|No. of shares
|No. of companies
|Share of secondary market, %
Source: Essential Investments (www.ei.uz)