According to the results of the day, securities of Birjaservicemarkaz fell by 2.73%. For the moment capitalization of this issuer went down to US$1.036 million. This year, stocks of this issuer are traded more actively than during the previous year. In particular, during the last year 2.22% of authorized capital of Birjaservicemarkaz was acquired at UzSE, while this year stocks turnover reached more than 9% of authorized capital of the company. Only on 4 November, as it was mentioned above, 2.73% of authorized capital was purchased.

Preferred stocks of Uzpromstroybank (Uzbek Industrial Construction Bank”) rose in price, the growth was 3.57%. However, this growth cannot please investors as the day before preferred stocks of Uzpromstroybank had 19.83% price fall. The day’s growth is leveling yesterday’s fall.

The trade session was more balanced, there were no significant falls and growths registered. According to the results of the day only preferred stocks of Uzpromstroybank showed the growth along with common stocks of Birjaservicemarkaz and Uzelektromontaj (Uzbek electro installation) (30% is owned by the Chairman of the Board of Uzelektromontaj Kuchkarov Nugman).

The largest price fall belongs to common stocks of Birjaservicemarkaz (-2.73%), common stocks of Uzelektromontaj fell in price insignificantly, the decrease was 0.70%.

Recently investors show growing interest in securities of issuers representing such industries as industrial production, transportation, textile and others. There were no significant deals on stocks of banks registered on 4 November. For the last several weeks the share of banking sector in total turnover reduced significantly. For example, according to the results of the first half of the year, the share of banking sector in total trade turnover exceeded 50% and according to the results of nine months of 2008 this share fell down to 40%. Since the beginning of October the share of banking sector in total turnover made only 2%.

The deal on purchasing of 2% of Birjaservicemarkaz provided more than 99% of total turnover. Banking and construction sectors took 0.32 and 0.38% of total turnover respectively. Trading sessions at UzSE are not distinguished by stability lately. Thus, if yesterday trade turnover exceeded US$1 million, on 4 November it was not even over US$30,000.

Source: Essential Investments