Armenia’s securities market on October 27: AMX summary
Government bonds recorded 1 trade worth AMD 47.5 thousand (about $132) on the Armenia Stock Exchange (AMX) on October 27. Corporate bonds saw 81 trades worth AMD 378.9 million and $522 thousand, or about AMD 567.3 million in total.
The trade was in a Ministry of Finance bond (GN36284) at a yield to maturity of 7.37%. No placement auctions took place that day. On October 29, the ministry will hold three auctions totalling AMD 70 billion: AMD 40 billion (AMGB1129A357, maturing in 2035) and AMD 15 billion each (AMGN36294293 and AMGN60294318, maturing in 2029 and 2031).
Ameriabank bonds (AMRBBNM) led corporate bonds by volume with AMD 82.9 million in 1 trade at a yield to maturity of 8.50%. The bank’s bonds took the top five places by value, and its ten issues accounted for AMD 293.6 million, more than half of the day’s turnover. Its AMRBBNJ bonds also topped the dollar segment with $150.8 thousand (about AMD 54.4 million) at a yield of 5.15%. Unibank bonds (UNIBBM1) recorded the most trades, 6. Yields on dram trades ranged from 5.7% to 13.6%.
Shares saw 4 trades worth AMD 1.36 million. ACBA Bank shares (ACBA) led with 50 shares at AMD 20,600, worth AMD 1.03 million (−0.96%). Unibank shares (UNIB), 740 at AMD 325, Unibank preferred shares (UNIBP2) and Telecom Armenia shares (AMTL) also traded. The repo segment had 2 trades worth AMD 150 million, both for 14 days: AMD 104.1 million backed by ACBA Bank bonds (ACBABI) at 7.15% and AMD 45.9 million backed by Armeconombank bonds (HEZBBQ) at 7.10%.
The exchange had not published the October 27 values of the dram indices at the time of writing. As of October 26, the AMD Corporate Bond Market Index (CBMI_AMD) stood at 104.51 and the AMD 1–3 Year Corporate Bond Index (C3YBI_AMD) at 103.86. The USD market index (CBMI_USD) fell 0.02% to 101.60, with a yield to maturity of 4.64%, while the USD 1–3 year index (C3YBI_USD) rose 0.03% to 100.92.
On AMX, the corporate bond market totals AMD 1.06 trillion and market capitalisation AMD 379.0 billion. A total of 277 securities of 64 issuers are listed and admitted to trading.
According to AMX, the US dollar traded at AMD 360.88, the euro at AMD 404.11 and the Russian rouble at AMD 4.4762.
trillion drams (AMD)
billion drams (AMD)
| Index | Value | Change | Yield to maturity | Mod. duration |
|---|---|---|---|---|
|
AMD Corporate Bond Market Index
CBMI_AMD
|
104.51 | 0.00% | 1.61 | |
|
AMD 1–3 Year Corporate Bond Index
C3YBI_AMD
|
103.86 | 0.00% | 0.90 | |
|
USD Corporate Bond Market Index
CBMI_USD
|
101.60 | -0.02% | 4.64% | 1.76 |
|
USD 1–3 Year Corporate Bond Index
C3YBI_USD
|
100.92 | +0.03% | 3.14% | 1.04 |
81 trades
AMRBBNM
1 trade
GN36284
4 trades
ACBA
More than half of corporate bond turnover — AMD 293.6 mn of AMD 567.3 mn — came from Ameriabank bonds. After a busy Monday, government bond trading was limited to one small trade. Two repo trades worth AMD 150 mn were concluded.
