Tashkent, Uzbekistan (UzDaily.com) -- On 7 November investors were relatively active at the Uzbekistan Stock Exchange “Tashkent” (UzSE); this led to slight price growth on many securities and acquisition of significant holdings in several issuers. During the day security prices were mainly rising. Although four issuers went up and six went down, average quote growth was about 41% and average price fall made 1.22%. Despite the fact that trade turnover made just US$32,200, which is three times less than the previous day, in general the stock exchange went up.

During the day investors purchased significant stock holdings (more than 1% of authorized capital) of three joint-stock companies. The largest share of authorized capital was acquired in Janub sanoat montaj (South industrial installation) on the reporting day. Investors purchased 8,600 common stocks, or 8% of authorized capital of this issuer. The deal price was US$2.96 per stock, which is 80.73% higher than the previous trading session on stocks of Janub sanoat montaj. According to the day’s quotes capitalization of this company reached US$318,400.

Moreover investors showed their interest in securities of Dealing-Intellect and Vzryvprom (Industrial explosion). But if purchasing of stock holding of Janub sanoat montaj led to quotes growth on its securities, then acquisition of securities of Dealing-Intellect and Vzryvprom showed a reverse tendency. In particular, when purchasing 2% of authorized capital of Dealing-Intellect, prices on its securities fell by 2.16%. In case of Vzryvprom, investors purchasing 1.45% of the company paid 1.26% less than the last quotes.

The significant quotes growth was shown by Temir yul transport boshqarmasi (Railway transportation management) along with Janub sanoat montaj. The price growth on common stocks of Temir yul bnoshqarmasi was 70.01%. Such a significant price growth on these stocks, perhaps, related to the fact that stocks of this issuer were traded at UzSE last time in the mid of 2003. Taking into account the period passed since the last trading session and growth of railway transportation, the day’s price of the issuer is justified.

During the day, securities of banks didn’t show good results. Thus, common stocks of Turkistonbank and Uzpromstroybank (Uzbek industrial construction bank) fell in price by 2.84% and 0.70% respectively. Despite this, preferred stocks of Galla Bank (8.38% was owned by JV Lorena) rose by 9.09%. Participation of three representatives of banking sector in trading session allowed this sector to make almost 10% of total turnover of the day.

The major deal on purchasing of 8% of Janub sanoat montaj, which was mentioned above, and acquisition of common stocks of Delta Kurmah gave the construction sector 79.47% of market share in total turnover.

Source: Essential Investments