Upswing in exchange turnover

The total exchange turnover at the Tashkent Commodity Exchange in the first quarter of 2016 increased 1.3 times, as compared with a similar period last year, exceeding 73 billion soums.

As of early this year, TCEX concluded 983 exchange transactions and sold 30.5 million shares of 55 joint stock companies. The structure of total exchange turnover was dominated by the market of the primary placement of securities - 56.6% of the total turnover, or 41.3 billion soums. The turnover on the primary market increased almost 4.5 times, as compared with the first quarter of 2015.

The proportion of the volume of secondary securities trading reached 43.4%, or 31.7 billion soums, including 19.3 billion soums (26.4%) of state-owned assets.

Investments of legal entities made up the bulk of the stock market turnover with 57.1 billion soums or 78.3% of total turnover, including 13.1%, or 9.5 billion soums of foreign investors’ share. Experts point out to the increase in investment activity in individuals, whose share in the stock exchange turnover amounted to 21.7%, or 15.8 billion soums, including 15.2%, or 11.1 billion soums by foreign investors.

As of March 31, 2016, the index of market capitalization of joint stock companies’ shares included in the stock exchange quotation list has exceeded 8.5 trillion soums.

Source: Jahonnews.uz