Tashkent, Uzbekistan (UzDaily.com) -- On 17 November though securities of “blue chips” were mainly traded at the Uzbekistan Stock Exchange “Tashkent”, trade turnover didn’t exceed US$10,000. Securities of three issuers were traded. All issuers fell in price except Uzselhozmashlizing (Uzagricultural machinery leasing), which was traded at secondary market for foreign currency. Purchasing of common stocks by non-residents led to the growth of capitalization of Uzselhozmashlizing (51% is owned by the State Property Committee of Uzbekistan) up to US$8.5 million.

Average price fall at secondary market for national currency was 14%. The fall of common stocks of Kashkadaryo parmlash ishlari continued. Since the beginning of the month these securities fell in price by 2.6 times. It is difficult to determine average price on these securities. Before this year these stocks were traded at UZSE in 2002-2003. Then trades were registered at US$2-3 per stock on average. This year trading sessions on these securities began at US$19.40. The maximum price was reached in the beginning of November, when investors acquired about 1% of authorized capital at the price of US$37.03 per stock. As trading history on these securities shows minor stock holdings are not in demand by investors; as a result this leads to quote fall.

Preferred shares of Alokabank fell by 3.09% today. It should be mentioned that preferred stocks of the bank are mainly traded at secondary market for national currency. During the last few months the price remained at the level of 100 soums per stock. 3-4% difference is caused by the change of US dollars exchange rate with respect to national currency - soums.

Total stock turnover of Alokabank made US$442 - as a result banking sector took 14.51% of total trade turnover. The first place is occupied by leasing sector (79.73%).

Source: Essential Investments (www.ei.uz)