After sudden price growth on common stocks of Uzbekhimmash (Uzbek chemical machinery) (25% is owned by JSC Uzneftegazmash (Uzbek oil and gas machinery) in the middle of September from US$2.40 to US$86.27 per stock, on 10 November a significant fall was registered at Uzbekistan Stock Exchange “Tashkent” (UzSE).
On 6 November, trading day at the Uzbekistan Stock Exchange “Tashkent” (UzSE) began with price growth, common stocks of Kashkadaryo parmlash ishlari (51% is owned by JSC Uzgeoburneftegaz (“Uzbek geology, drilling of oil and gas”) rose by 20.78%. The largest turnover, according to the results of the day, belongs to the stocks of this issuer; its total turnover exceeded US$84,000.
On Wednesday, 5 November, investor activity remained at low level at the Uzbekistan Stock Exchange (UzSE) “Tashkent”. Total turnover of The UzSE made US$15,870. Even trading sessions held on stocks of local blue chips didn’t promote the market growth. Besides, negative trend in the market prevailed.
Compared to the previous day, the trade turnover slumped hundreds of times at the Uzbekistan Stock Exchange “Tashkent” (UzSE) on 4 November. Number of issuers, stocks of which were traded, decreased. Total turnover was US$26,200. Investors acquired 3,523 common stocks (or 2.52% of authorized capital) of Birjaservicemarkaz (Exchange service center).
On 3 November, total turnover at the Uzbekistan Stock Exchange was US$1.253 million. About 98% of total market turnover was made by the deal on purchasing of 25% of common stocks (i.e. blocking stock) of OJSC Malika at the primary market for national currency.
Number of joint-stock companies in Uzbekistan made up 1,849 as of 31 October 2008, the State Central Securities Depository said.
Last week (27-31 October) proved to be more active compared to the previous trading periods. For the period considered, deals on purchasing major stock holdings (morethan1%ofauthorized capital) of different issuers were registered every day at Uzbekistan Stock Exchange “Tashkent” (UzSE).
On 31 October, seven deals on stocks of three issuers were held at the secondary market of the Uzbekistan Stock Exchange “Tashkent”. There were no deals at primary market. Jizzakh don mahsulotlari (Jizzakh grain-crop products) became the most active company. The largest turnover also fell on stocks of this issuer.
Despite the fact that stock exchanges in Russia opened on 28 October after two days closure, and Russian oil companies are planning to sign an agreement of oil delivery to China in exchange for a credit of US$20-25 billion, during last several days investors purchased major stock holdings of different issuers at Uzbekistan Stock Exchange (UzSE) “Tashkent” and security quotes of blue chips of the local market were rising gradually, Essential Investments said.