Turnover of Uzbekistan Stock Exchange reaches US$84,400

On 16 October, trade session was more active than for the last several days at the Uzbekistan Stock Exchange “Tashkent”. Total turnover reached US$84,400.

Investors purchased large stock holdings in food producing companies. Almost half of the turnover belongs to the deal on purchasing 57% of authorized capital of food products producer Bulungurning Mevasi (Bulungur Fruits). The deal price was US$1.12, which is 3.89% more than previous trade session.

The analysts of Essential Investments think that the growth is a result of purchasing of controlling stock of “Bulungurning mevasi”. This is the largest deal of the day.

Moreover, during the day investors purchased 4.31% of authorized capital of Jizzakh Don Mahsulotlari (Jizzakh Grain-Crop Products).

Investors also purchased preferential and common stocks of Uzbektelekom, Trust Bank and Pahta Bank, as well as Uzbekugol (Uzbek Coal).

The highest attention was paid to the deal on purchasing almost 0.04% of authorized capital of Uzbektelekom. Investors purchased 3,000 preferred stocks and 10,300 common stocks of this issuer.

On the same day, quotes of six out of eight issuers went down. The fall and growth on stocks of Uzbektelekom were registered.

Thus, common stocks of this issuer lost 4.33% and preferential stocks rose by 99%. Securities of banking sector, common stocks of Uzbekugol (the fall was 24.98%), Uzkommunissikliktamir and others went down as well. The largest fall was observed with the common stocks of Jizzakh Don Mahsulotlari.

Investors purchased 1,426 common stocks of OJSC Algoritm (0.36% of authorized capital). Essential Investments supposes that investor continues consolidating its share in one of the largest enterprises of Uzbekistan. Since the beginning of the year 5,600 stocks, or 1.5% of authorized capital of the company, were purchased at the stock exchange.

As a result of purchasing large stock holdings of enterprises of foods production sector by investors, this sector’s share took 36% of the market.

Trade turnover on stocks of banks made about US$1,200 or 1.5% of total turnover. Deal on purchasing one stock of Uzbekugol took 0.01% of total turnover.

Trade turnover at the exchange was 114,205,901.10 soums or US$85,449.56 in the reporting period. During the reporting period, 96,044 shares of eight companies were traded at the secondary market.

Largest turnover was registered with shares of Bulungurning Mevasi (US$42,464.21). Jizzah Don Mahsulotlari (41,265 shares were traded at the reporting day) was the most active in the market.

Source: Essential Investments (www.ei.uz)