Markets

Armenia’s securities market on October 7: AMX summary

There were no government bond trades on the Armenia Stock Exchange (AMX) on October 7. Corporate bonds changed hands in 90 trades across 54 issues worth AMD 603.27 million (about $1.67 million) and $568,700.

Fast Bank bonds (FSCRBQ) led AMD issues with AMD 135.33 million in 7 trades, about 22% of the day’s AMD turnover. They closed at 101.39% of par, with a yield to maturity of 9.55%. Among USD issues, Ameriabank bonds (AMRBBN6) led with $154,900 in 1 trade at a yield to maturity of 5.50%, followed by Ameriabank’s AMRBBMS issue at $154,100. Yields on AMD bond trades ranged from 5.9% to 12.7%.

Shares saw 5 trades in 4 securities worth AMD 281,400. ACBA Bank shares (ACBA) led with AMD 165,600 in 1 trade, unchanged at AMD 20,700. Unibank shares (UNIB) fell 4.62% to AMD 330. Telecom Armenia (AMTL) traded at AMD 220.4 and Tel-Cell (TLCL) at AMD 315. In the repo segment, 3 trades worth AMD 515.35 million were concluded against Armeconombank bonds (HEZBBQ and HEZBBM1) for 14 days at 7.10–7.25%.

The AMD Corporate Bond Market Index (CBMI_AMD) rose 0.01% to 104.58, while the AMD 1–3 Year Corporate Bond Index (C3YBI_AMD) was unchanged at 103.68. The USD market index (CBMI_USD) fell 0.01% to 101.69, with a yield to maturity of 5.00%, and the USD 1–3 year index (C3YBI_USD) slipped 0.02% to 101.24.

On AMX, the corporate bond market totals AMD 1.06 trillion and market capitalisation AMD 349.5 billion. A total of 276 securities of 64 issuers are listed and admitted to trading.

According to AMX, the US dollar was at AMD 362.14, the euro at AMD 407.19 and the Russian rouble at AMD 4.241.

MARKET IN NUMBERS
Total corporate bond market
≈1.06
trillion drams (AMD)
1,061,090,000,000 AMD
(about $2.93 billion)

Market capitalisation
≈349.45
billion drams (AMD)
349,450,000,000 AMD

Number of issuers
64

Securities listed and admitted to trading
276

CORPORATE BOND INDICES
Index Value Change Yield to maturity Mod. duration
AMD Corporate Bond Market Index
CBMI_AMD
104.58 +0.01% 1.63
AMD 1–3 Year Corporate Bond Index
C3YBI_AMD
103.68 0.00% 0.91
USD Corporate Bond Market Index
CBMI_USD
101.69 -0.01% 5.00% 1.81
USD 1–3 Year Corporate Bond Index
C3YBI_USD
101.24 -0.02% 3.88% 1.09

TODAY’S TRADING
Corporate bonds
90 trades
AMD 603.27 million
+ $568,700

LEADER
Fast Bank bonds
FSCRBQ
AMD 135.33 million, 7 trades
Yield to maturity: 9.55%

Government bonds
0 trades
No trades

Shares
5 trades
AMD 281,400

LEADER
ACBA Bank shares
ACBA
AMD 165,600
Price: AMD 20,7000.00%

AMX EXCHANGE RATES, AMD
USD
US dollar
362.14

EUR
Euro
407.19

RUB
Russian rouble
4.241

EDITOR’S COMMENT

Activity was concentrated in AMD corporate bonds, which accounted for most of the day’s turnover, with a fifth of that turnover in a single Fast Bank issue (FSCRBQ). Corporate bond indices moved by no more than 0.02%. There were no government bond trades.

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