Tuesday, November 7 2023 14:46
Alina Hovhannisyan

Armenian, Kazakh stock exchanges trade growth leaders 

Armenian, Kazakh stock exchanges trade growth leaders 

ArmInfo. In the third quarter of 2023, the growth leaders in the Eurasian Economic Union in  terms of trading volumes were the stock exchanges of Armenia and Kazakhstan, including the Astana International Exchange (AIX), which recorded significant growth for the third quarter in a row. This is  evidenced by data from the Department of Statistics of the EEC (Eurasian Economic Commission).

In particular, during the reporting period on the Armenian Stock  Exchange (AMX), trading volumes on an annualized basis increased  significantly from $72.1 million to $602.6 million. At the same time,  REPO transactions dominate (83.3% or $501.9 million), the volume of  which increased over the year factor of.  This is followed by  transactions with government bonds - $100.6 million, with a 2-fold  increase over the year. According to the source, there were no  transactions in shares or corporate bonds on AMX in the third  quarter.

Trading on the stock exchanges of Russia, Belarus and Kyrgyzstan  showed a decline.

The Armenian Stock Exchange (AMX) is the only operator of the  regulated securities market of Armenia.  AMX organizes trading in  both securities and other financial instruments. The Armenian Stock  Exchange is the holder of 100% shares of the Central Depository of  Armenia.

On May 24, 2022, the Council of the Central Bank of Armenia agreed to  the acquisition of the Armenian Stock Exchange (WFA) by the Warsaw  Stock Exchange (WFB). Under this agreement, the Warsaw Stock Exchange  acquired 65.03% (967 shares) of the Armenian Stock Exchange. The  Central Bank retained a shareholding of 25.02% of the shares, and the  remaining 9.95% was retained by the Armenian Stock Exchange. The  transaction cost was about AMD 873mln.