AVESTA Overview: October 2-13, 2023

Biweekly overview on Uzbekistan securities markets by Avesta Investment Group & Europe-Uzbekistan Association for Economic Cooperation

Oct 16, 2023

TASHKENT STOCK EXCHANGE

During the given period, the trading volume on the Tashkent Stock Exchange amounted to nearly 10bln UZS, which was a decrease of 24.6% compared to the previous period. A total of 87 types of securities were traded, the same as in the previous period.

Among the top 10 list of traded securities, half of them were banks, with IPTB1 accounting for 28.7% of the trading volume, with a significant portion of it coming from 10 large transactions totaling 2.27 bln UZS at a rate of 4.02 UZS per share. Following IPTB1, IPTB held a 21.36% share of the trading volume, while HMKB contributed approximately 9.04%.

It's worth noting that HMKB's price increased by 10.03% throughout the period. Four out of the five stocks listed in the table didn't experience any price changes, mainly due to one-time transactions (in the case of BUPD and URGK). However, UZMK and IPTB1 saw declines in price by 6.21% and 4.6% respectively.

AVEX increased by 6.9% during the last two weeks.

AVESTA EQUITY INDEX (AVEX)

*The AVEX index describes the general market trend by covering the top 20 listed companies, in a particular quarter, with the highest liquidity and transaction turnovers on the Tashkent Stock Exchange. The index is a sum of the daily stock prices multiplied by the weighted average coefficients given to selected companies. The base date is 01/01/2021 (1000).

FINANCIAL NEWS

OVERVIEW

Mortgage Refinancing Company JSC attracted 410bln UZS from the Ministry of Economy and Finance provided by ADB.
TBC Bank JSCB to attract a $15mln loan from parent TBC Bank Group Plc.
Mssrs.Sharipov Tokhir Mirakhimovich and Parpiev Dilmuradjon Batyrovich increased their stakes in Trastbank JSCB (TRSB) by 9.64% (up to 21.9%) and 10.84% respectively.
The number of real estate transactions increased by 1.4% in September.

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