Markets

Armenia’s securities market on October 20: AMX summary

Corporate bonds changed hands in 90 trades across 55 issues worth AMD 282.2 million (about $781 thousand) and $891.2 thousand on the Armenia Stock Exchange (AMX) on October 20. Government bonds saw 1 trade worth AMD 266.1 thousand. The trade was in a Ministry of Finance bond (GB1135A) at a yield to maturity of 8.65%.

Ameriabank bonds (AMRBBNM) led corporate bonds by volume with AMD 103.8 million in a single trade at a yield to maturity of 8.35%. They were followed by Renshin bonds (RENSB1, AMD 24.1 million) and Electric Networks of Armenia bonds (HELCB1, AMD 20.8 million). Viva Armenia bonds (KTELB1) topped the dollar segment and the number of trades with $180.9 thousand across 8 trades at a yield of 7.56%.

Shares saw 6 trades worth AMD 108.3 thousand. ACBA Bank shares (ACBA) led with 3 shares at AMD 20,800, worth AMD 62.4 thousand. Aske Group (ASGR), Telecom Armenia (AMTL), Unibank (UNIB) and Tel-Cell (TLCL) shares also traded. The repo segment recorded no trades.

AMX has not published its AMD indices since October 16: as of October 15, the AMD Corporate Bond Market Index (CBMI_AMD) stood at 104.38 and the AMD 1–3 Year Corporate Bond Index (C3YBI_AMD) at 103.81. The USD market index (CBMI_USD) fell 0.04% to 101.65, with a yield to maturity of 4.87%, while the USD 1–3 year index (C3YBI_USD) rose 0.01% to 101.01.

On AMX, the corporate bond market totals AMD 1.06 trillion and market capitalisation AMD 349.1 billion. A total of 278 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 405.41 and the Russian rouble at AMD 4.3731.

MARKET IN NUMBERS
Total corporate bond market
≈1.06
trillion drams (AMD)
AMD 1,063.2 billion
(about $2.94 billion)

Market capitalisation
≈349.1
billion drams (AMD)

Number of issuers
64

Securities listed and admitted to trading
278

CORPORATE BOND INDICES
Index Value Change Yield to maturity Mod. duration
AMD Corporate Bond Market Index (as of Oct 15)
CBMI_AMD
104.38 +0.06% 1.60
AMD 1–3 Year Corporate Bond Index (as of Oct 15)
C3YBI_AMD
103.81 +0.01% 0.89
USD Corporate Bond Market Index
CBMI_USD
101.65 -0.04% 4.87% 1.78
USD 1–3 Year Corporate Bond Index
C3YBI_USD
101.01 +0.01% 3.70% 1.06

TODAY’S TRADING
Corporate bonds
90 trades
AMD 282.2 million
+ $891.2 thousand

LEADER
Ameriabank bonds
AMRBBNM
AMD 103.8 million, 1 trade
Yield to maturity: 8.35%

Government bonds
1 trade
AMD 266.1 thousand

LEADER
Ministry of Finance bond
GB1135A
AMD 266.1 thousand
Yield to maturity: 8.65%

Shares
6 trades
AMD 108.3 thousand

LEADER
ACBA Bank shares
ACBA
AMD 62.4 thousand, 3 shares
Price: AMD 20,800

AMX EXCHANGE RATES, AMD
USD
US dollar
361.45

EUR
Euro
405.41

RUB
Russian rouble
4.3731

EDITOR’S COMMENT

Corporate bond turnover was about AMD 604 mn, more than half of it in US-dollar trades. Secondary trading in government bonds was limited to one small trade; the exchange has not published the dram indices since 16 October.

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