Armenia’s securities market on October 21: AMX summary
Corporate bonds changed hands in 83 trades across 58 issues worth AMD 367.4 million (about $1.02 million) and $650.9 thousand on the Armenia Stock Exchange (AMX) on October 21. Government bonds saw 2 trades worth AMD 52.7 million. A Ministry of Finance bond (GB1133A) traded for AMD 28.9 million at a yield to maturity of 8.36%, and another (GB3150A) for AMD 23.8 million at a yield of 9.14%.
Ameriabank bonds (AMRBBNQ) led corporate bonds by volume with AMD 55.1 million across 4 trades at a yield to maturity of 8.40%. They were followed by ID Bank bonds (ANLBBM7, AMD 28 million) and Ameriabank bonds (AMRBBNM, AMD 27.3 million). Converse Bank bonds (COVSBJ) topped the dollar segment with $99.9 thousand at a yield of 5.12%.
Shares saw 9 trades worth AMD 1.61 million. ACBA Bank shares (ACBA) led with 73 shares across 4 trades at an average price of AMD 20,794, worth AMD 1.52 million. Unibank (UNIB), Armeconombank (HEZB), Telecom Armenia (AMTL) and Aske Group (ASGR) shares also traded. The repo segment recorded no trades, and no government bond placement auctions were held.
AMX resumed publishing its AMD indices on October 21. Compared with October 15, the AMD Corporate Bond Market Index (CBMI_AMD) rose 0.02% to 104.40 and the AMD 1–3 Year Corporate Bond Index (C3YBI_AMD) 0.01% to 103.83. The USD market index (CBMI_USD) fell 0.05% to 101.59, with a yield to maturity of 4.87%, while the USD 1–3 year index (C3YBI_USD) lost 0.06% to 100.95.
On AMX, the corporate bond market totals AMD 1.06 trillion and market capitalisation AMD 380.2 billion. A total of 277 securities of 64 issuers are listed and admitted to trading.
According to AMX, the US dollar traded at AMD 361.45, the euro at AMD 405.11 and the Russian rouble at AMD 4.3742.
trillion drams (AMD)
billion drams (AMD)
| Index | Value | Change | Yield to maturity | Mod. duration |
|---|---|---|---|---|
|
AMD Corporate Bond Market Index (change vs Oct 15)
CBMI_AMD
|
104.40 | +0.02% | 1.62 | |
|
AMD 1–3 Year Corporate Bond Index (change vs Oct 15)
C3YBI_AMD
|
103.83 | +0.01% | 0.91 | |
|
USD Corporate Bond Market Index
CBMI_USD
|
101.59 | -0.05% | 4.87% | 1.77 |
|
USD 1–3 Year Corporate Bond Index
C3YBI_USD
|
100.95 | -0.06% | 3.69% | 1.06 |
83 trades
AMRBBNQ
2 trades
GB1133A
9 trades
ACBA
Market capitalisation rose 8.9% in a day to AMD 380.2 bn from AMD 349.1 bn on 20 October. The AMD 31.09 bn increase may be explained by a trade in Armeconombank shares (HEZB): 4 shares at AMD 2,680 each (AMD 10,720 in total), against a closing price of AMD 115 that had held since 24 August; with 12.12 million shares outstanding, the bank’s market valuation on the exchange rose from AMD 1.39 bn to AMD 32.48 bn. The number of instruments fell by one to 277. The exchange resumed publishing the dram indices, but their yield to maturity is still out of line with trade yields (5.9% to 12.8%). Corporate bond turnover was about AMD 603 mn.
