Some of Armenian exchange markets see growth in 2009: NASDAQ OMX Armenia CEO

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Economy

30.01.2010, 00:04

NASDAQ OMX Armenia CEO Armen Melikyan convened a news conference today to announce the market results for 2009. He said despite the effects of the global financial crisis, some of the exchange markets in Armenia even saw a growth compared to the previous

YEREVAN, January 29, /ARKA/. NASDAQ OMX Armenia CEO Armen Melikyan convened a news conference today to announce the market results for 2009. He said despite the effects of the global financial crisis, some of the exchange markets in Armenia even saw a growth compared to the previous year.

Thus, corporate bonds, the best performing market of the year, was up 4.7 times to AMD 10.55 billion. Government bonds trading was also active at AMD 2.4 billion, an increase by 43% over 2008, and annual trading in repurchase agreements (REPO), which was only launched in December 2008, exceeded AMD 5 billion. During 2009, currency equivalent to AMD 372.93 billion was traded representing a 10% increase over the same of 2008.

The stock market was the least active exchange market in 2009: total value of trading in stocks on the exchange amounted to AMD 98 million, a decrease by 63% compared to the indicator of 2008. At the end of 2009, market capitalization stood at AMD 53.1 billion. ($1 – 377.45 Drams). -0-

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