Tashkent (UzDaily.com) -- 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.

On 28 October, about 13% of Sirdaryo wine was purchased. Also prices of bank securities were rising. In particular, during the day investors acquired preferred stocks of Uzpromstroybank (Uzbek industrial construction bank) and common stocks of Hamkorbank for national currency on secondary market.

Preferred stocks of one of the leading banks of the country Uzpromstroybank rose by 29.99%. Due to the announcement issued by the Uzbekistan Reconstruction and Development Fund regarding intention to purchase 13 thousand common stocks of Uzpromstroybank, or 26% of authorized capital, the price of preferred stocks of this bank continued to grow during the second day.

This Fund will acquire stocks of additional emission on primary market, but this news, according to Essential Investments analysts, anyway will provide the stocks with support. A day earlier, these securities rose by 9%.

Hamkorbank also went up, but not significantly. During the day investors purchased 276,298 common stocks of this bank, or 0.26% of authorized capital. This is not the largest stock holding acquired since the beginning of the year. During the year over 10 deals were registered on purchasing more than 200,000 stocks of this bank. Stocks of Hamkorbank are actively traded at the stock exchange - since the beginning of the year 21.9% of authorized capital of the bank was purchased at UzSE “Tashkent”.

The deal on purchasing of common stocks of Chimyon MTF (Machine and Tractor fleet of Chimyon region) was registered on the reporting day. Investors acquired 288 common stocks of this MTF, or 1.02% of authorized capital of the company. Two weeks ago Investment Fund Baraka announced an intention to purchase stocks of this issuer.

According to this statement IF Baraka plans to acquire 9,850 common stocks (or 34.8% of authorized capital of Chmyon MTF). Essential Investments analysts believe that in the near future stock quotes of Chimyon MTF would rise, because the fact that IF Baraka is showing interest in this company provides stability for this issuer.

Common stocks of Toshkent don mahsulot (Tashkent graincrop products) rose in price on secondary market for foreign currency. Foreign investors purchased 6,200 common stocks (or 0.06% of authorized capital) of Toshkent don mahsulot at a price of US$0.55 per share.

Two representatives of banking sector, stocks of which were traded took 74.24% of total turnover of the day. Purchase of 13% share of Sirdaryo wine (which represents beverage production sector) made 12.87% of total market turnover.

Source:

Essential Investments (www.ei.uz)