Armenia’s securities market on October 28: AMX summary
Government bonds recorded 2 trades worth AMD 2.14 billion (about $5.94 million) on the Armenia Stock Exchange (AMX) on October 28. Corporate bonds saw 77 trades worth AMD 214.1 million and $336.8 thousand, or about AMD 335.6 million in total.
Both trades were in a Ministry of Finance bond (GB1135A) at a yield to maturity of 8.60–8.62%. 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).
Fast Bank bonds (FSCRBK) led corporate bonds by value and number of trades with AMD 66.8 million in 5 trades at a yield to maturity of 8.53–8.95%. Intelligent Management bonds (INTMB3) followed with AMD 15.9 million at a yield of 11.33%, and Electric Networks of Armenia bonds (HELCB1) with AMD 15.0 million in 4 trades. Converse Bank bonds (COVSBM) topped the dollar segment with $101.3 thousand (about AMD 36.6 million) at a yield of 4.18%. Yields on dram trades ranged from 8.2% to 13.0%.
Shares saw 3 trades worth AMD 119.0 thousand. Telecom Armenia shares (AMTL) led with 2 trades, 472 shares at AMD 220.4. Tel-Cell shares (TLCL), 50 at AMD 300, also traded. The repo segment had 1 trade worth AMD 102.5 million backed by Armswissbank bonds (SWISBQ) for 14 days at 7.10%. On the exchange’s FX market, $800 thousand changed hands at AMD 360.25, worth AMD 288.2 million.
The exchange had not published the October 27 and 28 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 0.03% to 101.57, with a yield to maturity of 4.58%, while the USD 1–3 year index (C3YBI_USD) slipped 0.03% to 100.88.
On AMX, the corporate bond market totals AMD 1.06 trillion and market capitalisation AMD 378.5 billion. A total of 277 securities of 64 issuers are listed and admitted to trading.
According to AMX, the US dollar traded at AMD 360.93, the euro at AMD 402.36 and the Russian rouble at AMD 4.4786.
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
|
101.57 | -0.03% | 4.58% | 1.76 |
|
USD 1–3 Year Corporate Bond Index
C3YBI_USD
|
100.88 | -0.03% | 2.95% | 1.04 |
77 trades
FSCRBK
2 trades
GB1135A
3 trades
AMTL
Government bonds accounted for most of the day’s turnover: AMD 2.14 bn came from the bond of the Ministry of Finance of the Republic of Armenia (GB1135A). Corporate bond turnover fell to AMD 336 mn. On the exchange’s FX market, USD 800 k traded at AMD 360.25, below the AMX rate (AMD 360.93).
