During the day two thirds of stocks went down. The largest fall belongs to preferred stocks of Uzneftmahsulot (Uzbek oil product), which was 26.22%. This was not the only issuer whose stocks lost one fifth of its value during the day. In particular, preferred stocks of Uztransgas (51.15% is owned by NHC Uzbekneftegaz (Uzbek oil and gas) fell in price by 23.33%, common stocks of Kvartz fell in price by 24.34%, and etc.

The worst result was shown by oil and gas companies. About 23.33% fall of preferred stocks of Uztransgas led to capitalization decrease of the issuer by US$3.12 million. Common stocks of Toshneftegazkurilish (Tashkent oil and gas construction) fell in price by more than 25%. Securities of this issuer are cheapening since August of this year. In the beginning of August investors acquired common stocks of Toshneftegazkurilish (53.28% is owned by JSC Uzneftegazstroyinvest (Uzbek oil and gas construction investment) at the price of US$6.98.

Banking sector showed relatively positive growth. Preferred stocks of one of the leading banks of the country Uzpromstroybank (Uzbek industrial construction bank) remained unchanged, and common stocks of Hamkorbank fell in price by 1.12%. Among banks only preferred stocks of Turonbank rose in price, investors paid 7.08% more than the previous trading session for these stocks.

On the reporting day, common stocks of slate producer Kuvasay shifer (Kuvasay slate) were traded for the first time. Investors purchased 17 stocks at US$0.46 per share, which is 25% higher than face value.

The better result was shown by common stocks of Kishlokhujalikkimyo (Agricultural chemistry) located in Kashkadarya region. The price growth on these securities was 159% and is associated with purchase of 2,170 stocks (or 0.20% of the company) by foreign investor. But this price is almost 3% lower than September quotes. In the mid September foreign investors acquired stocks of this issuer at the price of US$2 per share.

According to the results of the day, securities of such industries as banking, chemical, leasing as well as oil and gas sectors were favorite among investors. Stocks turnover of banking sector made 32% of total turnover of the day. Total turnover of three representatives of oil and gas sector made US$1,400 or 9.17% of total trade turnover.

Source: Essential Investments