Armenia’s securities market on November 3: AMX summary

Government bonds on the Armenia Stock Exchange (AMX) saw 22 trades worth AMD 7.97 billion (about $22.1 million) on November 3. Corporate bonds recorded 142 trades in 71 issues: 93 trades in drams worth AMD 736.8 million and 49 trades in US dollars worth $1.09 million (about AMD 392.8 million), for a total of about AMD 1.13 billion.

All trades on the secondary government bond market were in drams, and turnover in a single day exceeded that of the whole week of October 26–30 (AMD 7.92 billion). A Ministry of Finance of Armenia bond (GB1135A) led with AMD 2.03 billion in 2 trades at a yield of 8.80% (8.60–8.70% last week). It was followed by bonds GB3150A (AMD 1.75 billion, 9 trades, 9.35%), GN36294 (AMD 1.43 billion, 5 trades, 7.76%), GB1133A (AMD 1.27 billion, 2 trades, 8.45%), GN60314 (AMD 978.4 million, 3 trades, 8.21%) and GN36284 (AMD 517.6 million, 1 trade, 7.40%). There were no Eurobond (EUBDB5) trades. Excluding repo, total turnover for the day was about AMD 9.11 billion, 7.7 times the November 2 level.

Corporate bond turnover was 36.9% above November 2 (AMD 825.2 million) and the highest since October 26. Electric Networks of Armenia bonds (HELCB1) led with AMD 209.4 million in 5 trades at a yield of 9.30–9.76% (9.60–9.75% on November 2), about 28% of dram-segment turnover. In the dollar segment, Ameriabank bonds (AMRBBNJ) came first with $131.7 thousand (about AMD 47.4 million) in 2 trades at 5.25%, closely followed by Viva Armenia bonds (KTELB1) with $130.3 thousand (about AMD 46.9 million) in 10 trades at 7.52%. The most trades, 10 each, were in Viva Armenia and Hypernova bonds (HYPNB1), the latter worth AMD 57.7 million. Dram trade yields ranged from 5.72% to 16.62% (the upper bound set by a single AMD 97.9 thousand trade), dollar trade yields from 4.30% to 8.08%.

Equities saw 5 trades worth AMD 4.18 million. Acba bank shares (ACBA) led: 1 trade, 130 shares at AMD 21,000, AMD 2.73 million (the average price on November 2 was AMD 20,661.82). Armeconombank shares (HEZB) also traded: 2 trades, 370 shares at an average AMD 2,680, AMD 991.6 thousand, as did Telecom Armenia shares (AMTL): 2 trades, 2,080 shares at an average AMD 220.40, AMD 458.4 thousand. Two repo trades worth AMD 360.7 million were concluded in Armswissbank bonds: SWISBQ, AMD 257.0 million for 14 days at 7.10%, and SWISBT, AMD 103.7 million for 7 days at 7.20%.

The Corporate Bond Market Index in Armenian drams (CBMI_AMD) rose 0.14% to 104.89 and the Corporate 1–3 Year Bond Index in Armenian drams (C3YBI_AMD) rose 0.01% to 104.05. The Corporate Bond Market Index in US dollars (CBMI_USD) rose 0.08% to 101.68, with a yield to maturity of 5.15%, and the Corporate 1–3 Year Bond Index in US dollars (C3YBI_USD) was almost unchanged at 100.87, with a yield of 4.72%.

On AMX, the corporate bond market totals AMD 1.05 trillion and market capitalisation AMD 381.5 billion. A total of 275 instruments of 64 issuers are in circulation. Trading in Armswissbank bonds in US dollars (SWISBU) started on November 3 with 1 trade.

According to AMX, the US dollar traded at AMD 360.50, the euro at AMD 403.90 and the Russian rouble at AMD 4.4452.