Markets

Armenia’s securities market on October 13: AMX summary

Government bonds saw 8 trades worth AMD 6.21 billion (about $17.1 million) on the Armenia Stock Exchange (AMX) on October 13. Corporate bonds changed hands in 71 trades across 46 issues worth AMD 397.6 million and $591,900.

Ministry of Finance bond GB1135A led government bonds with AMD 4.12 billion in 5 trades at a yield to maturity of 8.76%. Trades in bond GB1133A totalled AMD 1.11 billion at a yield of 8.35%. Bonds GN36284 (AMD 536.1 million) and GN60314 (AMD 447.7 million) also traded.

Electric Networks of Armenia bonds (HELCB1) led corporate bonds by volume with AMD 93.6 million in 2 trades at a yield to maturity of 10.07%, followed by Ameriabank bonds AMRBBNE (AMD 51.2 million) and AMRBBN8 (AMD 51.0 million, 5 trades). Ameriabank bonds (AMRBBMI) led dollar issues with $201,800 in a single trade at a yield to maturity of 4.15%. Yields on AMD bond trades ranged from 5.6% to 12.8%.

Shares saw 8 trades worth AMD 1.44 million. Tel-Cell shares (TLCL) led with 4 trades: 2,620 shares at an average price of AMD 302, worth AMD 791,600. ACBA Bank (ACBA) shares worth AMD 612,400 and Unibank (UNIB) shares worth AMD 34,600 also traded. There were no repo trades.

The AMD Corporate Bond Market Index (CBMI_AMD) fell 0.32% to 104.33, while the AMD 1–3 Year Corporate Bond Index (C3YBI_AMD) gained 0.05% to 103.80. The USD market index (CBMI_USD) fell 0.05% to 101.74, with a yield to maturity of 4.89%, and the USD 1–3 year index (C3YBI_USD) was unchanged at 101.28.

On AMX, the corporate bond market totals AMD 1.06 trillion and market capitalisation AMD 350.2 billion. A total of 278 securities of 64 issuers are listed and admitted to trading.

According to AMX, the US dollar was at AMD 362.21, the euro at AMD 404.88 and the Russian rouble at AMD 4.2997.

MARKET IN NUMBERS
Total corporate bond market
≈1.06
trillion drams (AMD)
AMD 1,061.1 billion
(about $2.93 billion)

Market capitalisation
≈350.2
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
CBMI_AMD
104.33 -0.32% 1.60
AMD 1–3 Year Corporate Bond Index
C3YBI_AMD
103.80 +0.05% 0.90
USD Corporate Bond Market Index
CBMI_USD
101.74 -0.05% 4.89% 1.79
USD 1–3 Year Corporate Bond Index
C3YBI_USD
101.28 0.00% 3.67% 1.07

TODAY’S TRADING
Corporate bonds
71 trades
AMD 397.6 million
+ $591,900

LEADER
Electric Networks of Armenia bonds
HELCB1
AMD 93.6 million, 2 trades
Yield to maturity: 10.07%

Government bonds
8 trades
AMD 6.21 billion

LEADER
Ministry of Finance of Armenia bond
GB1135A
AMD 4.12 billion, 5 trades
Yield to maturity: 8.76%

Shares
8 trades
AMD 1.44 million

LEADER
Tel-Cell shares
TLCL
AMD 791,600, 2,620 shares
Average price: AMD 302

AMX EXCHANGE RATES, AMD
USD
US dollar
362.21

EUR
Euro
404.88

RUB
Russian rouble
4.2997

EDITOR’S COMMENT

The Corporate Bond Market Index in Armenian drams (CBMI_AMD) fell 0.32%, the largest move among the indices today. Government bonds again generated most of the turnover – AMD 6.21 billion, two thirds of it in the GB1135A issue. Dram corporate trade yields ranged from 5.6% to 12.8%.

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