Armenia’s securities market on October 26: AMX summary

Government bonds changed hands in 6 trades worth AMD 3.27 billion and $1.18 million on the Armenia Stock Exchange (AMX) on October 26, or AMD 3.69 billion in total (about $10.2 million). Corporate bonds saw 93 trades worth AMD 407.3 million, $446 thousand and €926.

A Ministry of Finance bond (GB1135A) led government bonds with AMD 3.27 billion across 4 trades at a yield to maturity of 8.65–8.70%. Ministry of Finance Eurobonds (EUBDB5) recorded 1 trade worth $1.18 million (about AMD 425 million) at a yield of 6.40%. On the primary market, the ministry placed AMD 5 billion of short-term zero-coupon bonds (AMGT52045276) maturing on May 4, 2027. Demand reached AMD 10.4 billion, 2.1 times the offer, and the weighted average yield to maturity was 7.0247%. On October 29, the ministry will hold three more 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 103.7 million in 1 trade at a yield to maturity of 8.45%. They were followed by Unibank bonds (UNIBBM3) with AMD 86.6 million across 4 trades at 11.99–12.49%. Armswissbank bonds (SWISBI) topped the dollar segment with $103.2 thousand at a yield of 4.60%. The only euro trade was in Fast Bank bonds (FSCRBG). Viva Armenia bonds (KTELB1) and Unibank bonds (UNIBBM1) recorded the most trades, 6 each. Yields on dram trades mostly ranged from 7% to 13%.

Shares saw 10 trades worth AMD 8.45 million. ACBA Bank shares (ACBA) led with 5 trades: 394 shares at an average price of AMD 20,732, worth AMD 8.17 million, closing at AMD 20,800 (+1.46%). Unibank preferred shares (UNIBP2), Telecom Armenia shares (AMTL) and Tel-Cell shares (TLCL) also traded. The repo segment had 1 trade backed by ACBA Bank bonds (ACBABG) worth AMD 50.7 million for 14 days at 7.10%.

The AMD Corporate Bond Market Index (CBMI_AMD) was unchanged at 104.51, as was the AMD 1–3 Year Corporate Bond Index (C3YBI_AMD) at 103.86. The USD market index (CBMI_USD) rose 0.04% to 101.62, with a yield to maturity of 4.70%, while the USD 1–3 year index (C3YBI_USD) slipped 0.01% to 100.88.

On AMX, the corporate bond market totals AMD 1.06 trillion and market capitalisation AMD 377.3 billion. A total of 277 securities of 64 issuers are listed and admitted to trading.

According to AMX, the US dollar traded at AMD 361.14, the euro at AMD 404.33 and the Russian rouble at AMD 4.4868.