Armenia’s securities market on October 12–16: AMX summary
Total turnover on the Armenia Stock Exchange (AMX) in the week of October 12–16 reached about AMD 19.21 billion (about $53.1 million) in 427 trades. Government bonds accounted for AMD 17.07 billion (32 trades), corporate bonds for about AMD 2.13 billion (359 trades) and shares for AMD 10.24 million (36 trades). There were no repo trades.
On AMX, the corporate bond market totalled AMD 1,066.9 billion as of October 16, up AMD 6.1 billion over the week. Market capitalisation stood at AMD 351.4 billion (AMD 352.5 billion a week earlier). A total of 278 securities (+2 over the week) of 64 issuers are listed and admitted to trading.
1. Corporate bond indices over the week
| Index | 09.10 | End of week | Weekly change |
|---|---|---|---|
| Corporate 1–3 Year Bond Index in Armenian drams (C3YBI_AMD) | 103.6583 | 103.8109 (15.10)* | +0.15% |
| Corporate Bond Market Index in Armenian drams (CBMI_AMD) | 104.5481 | 104.3796 (15.10)* | −0.16% |
| Corporate 1–3 Year Bond Index in US dollars (C3YBI_USD) | 101.2152 | 101.0927 (16.10) | −0.12% |
| Corporate Bond Market Index in US dollars (CBMI_USD) | 101.6767 | 101.6686 (16.10) | −0.01% |
* The exchange has not published the dram indices for 16 October; the change is calculated to 15 October. The yield to maturity of the dram indices is being clarified with the exchange.
Largest daily moves: Corporate Bond Market Index in Armenian drams (CBMI_AMD): −0.32% on 13 October; Corporate 1–3 Year Bond Index in US dollars (C3YBI_USD): −0.14% on 16 October. On 12 October all four indices rose (by +0.07% to +0.11%).
2. Trading by day
7,835.9
Tue, 13.10
6,211.6
Wed, 14.10
2,022.2
Thu, 15.10
0.6
Fri, 16.10
999.9
505.6
Tue, 13.10
612.0
Wed, 14.10
420.2
Thu, 15.10
326.7
Fri, 16.10
262.5
| Day | Corporate bonds, AMD mn* | Trades | Government bonds, AMD mn | Trades | Equities, AMD k | Trades |
|---|---|---|---|---|---|---|
| Mon, 12.10 | 505.6 | 95 | 7,835.9 | 14 | 6,747.5 | 11 |
| Tue, 13.10 | 612.0 | 71 | 6,211.6 | 8 | 1,438.6 | 8 |
| Wed, 14.10 | 420.2 | 61 | 2,022.2 | 6 | 555.3 | 4 |
| Thu, 15.10 | 326.7 | 69 | 0.6 | 2 | 1,244.1 | 8 |
| Fri, 16.10 | 262.5 | 63 | 999.9 | 2 | 253.6 | 5 |
| Week | 2,127.1 | 359 | 17,070.2 | 32 | 10,239.1 | 36 |
* Including trades in US dollars (USD), converted at that day’s AMX rate.
3. The week’s trading
Corporate bonds: 359 trades, ≈ AMD 2.13 bn.
- in Armenian drams (AMD): 246 trades, AMD 1,293.4 mn;
- in US dollars (USD): 113 trades, USD 2.30 mn (≈ AMD 833.7 mn).
- Most active issue of the week: Fast Bank bonds (FSCRBK) – about AMD 159 mn. Followed by Electric Networks of Armenia bonds (HELCB1) – about AMD 141 mn (AMD 93.6 mn of it on 13 October).
- Busiest day: Tuesday, 13 October (AMD 612 mn); quietest: Friday, 16 October (AMD 262.5 mn).
- Dram corporate trade yields during the week were mostly between 5.6% and 12.8%.
Government bond placement auction: on 13 October, the Armenia Stock Exchange (AMX) placed AMD 25 bn of 30-year government bonds of the Ministry of Finance of the Republic of Armenia (AMGB3029A548). The auction is part of the primary market and is not included in trading turnover.
- The issue was placed in full; demand reached AMD 41.843 bn, 1.7 times the amount offered.
- Weighted average yield to maturity – 9.7428%; annual coupon rate – 9.20%.
Government bonds: 32 trades, AMD 17.07 bn. Over 82% of turnover came on Monday and Tuesday.
- Leader of the week: bond of the Ministry of Finance of the Republic of Armenia (GB1135A) – AMD 8.34 bn, yield to maturity 8.75–8.77%.
- Bond of the Ministry of Finance of the Republic of Armenia (GB1133A) – AMD 4.43 bn, yield to maturity 8.35–8.45%.
Equities: 36 trades, AMD 10.24 mn. Leader: ACBA Bank shares (ACBA) – AMD 8.70 mn, traded on all five days at average prices of AMD 20,413–20,719. Followed by Tel-Cell shares (TLCL) – AMD 1.16 mn.
4. AMX exchange rates over the week
| Currency | 09.10 | 16.10 | Change |
|---|---|---|---|
| US dollar (USD) | AMD 361.97 | AMD 362.34 | +0.10% |
| euro (EUR) | AMD 404.72 | AMD 407.92 | +0.79% |
| Russian rouble (RUB) | AMD 4.2413 | AMD 4.3346 | +2.20% |
5. Editor’s note
Government bonds generated most of the week’s turnover – AMD 17.07 bn – with activity dropping noticeably towards the end of the week. In corporate bonds the number of trades stayed steady (61–95 a day), while turnover gradually declined from AMD 612 mn on Tuesday to AMD 262.5 mn on Friday. Over the week the Russian rouble strengthened 2.2% against the dram.
Source: Armenia Stock Exchange (AMX, amx.am), 12–16 October 2026.
