Armenia Securities Exchange Monthly Bulletin | May 2019
See Inside For: Securities Listed and Delisted in May, 2019 Equities Market Financial Highlights of the Issuers Listed on Armenia Securities Exchange Corporate & Government Bonds Market REPO/SWAP Market Overview of Depository Activities
LISTING
As of 31 May, 2019, 83 securities of 23 issuers were listed and admitted to trading at Armenia Securities Exchange: 10 stocks of 10 issuers and 73 bonds of 16 issuers.
No new securities were listed and/or admitted to trading this month.
List / Free Number of Date listed/ N Ticker Company Nominal value Market securities issued admitted to trading
No securities were delisted or redeemed from trading during this month.
Number of N List Stock symbol Company Nominal value Termination Date securities issued
1 amx.am EXCHANGE TRADING
All financial figures are in Armenian Drams (AMD) unless otherwise noted. Exchange rates established by the Central Bank of Armenia as of May 31, 2019 were as follows: USD - 480AMD, EUR - 535AMD
Equities Market
In May, 2019, 4 trades with total value of AMD 634,400 were concluded in the equities market. 308 stocks of 3 issuers were traded.
Compared to the same period of the previous year (May-18) the number of trades, the number of stocks traded and the total value traded decreased by -42.857%, -99.972% and -99.948%, respectively.
As compared to the previous month (Apr-19) the number of trades, the number of securities traded and the total value traded decreased by -20.000%, -97.540% and -99.574%, respectively.
Please refer to the table below for equities market exchange trading statistics.
Number of Companies Traded Number of Trades Number of Securities Traded Total Value Traded, AMD
Variance Variance Variance over Variance over Month over the over the the same of the the same of the Monthly same of the Monthly same of the Monthly previous year (by months) previous year previous year previous (%) (%) (%) year (%) May-18 3 200.00 7 (56.25) 1,109,297.00 349.23 1,212,510,694.00 343.60 Jun-18 2 100.00 5 (64.29) 10,096.00 (96.10) 3,972,480.00 (93.44) Jul-18 3 200.00 11 10.00 258,301.00 1,010.11 234,314,864.00 1,787.23 Aug-18 2 (60.00) 6 (60.00) 6,891.00 (99.58) 2,924,780.00 (99.96) Sep-18 2 (50.00) 12 - 48,280.00 3.78 15,362,860.00 24.26 Oct-18 3 - 10 (28.57) 1,716.00 (99.61) 4,322,600.00 (99.02) Nov-18 2 (50.00) 2 (66.67) 57.00 (98.81) 441,280.00 (92.42) Dec-18 2 (33.33) 3 (81.25) 237.00 (99.99) 82,400.00 (100.00) Jan-19 2 (50.00) 3 (82.35) 4,527.00 (97.91) 1,111,830.00 (99.50) Feb-19 2 - 6 (45.45) 70,991.00 51.26 434,702,045.44 (34.08) Mar-19 2 (33.33) 3 (57.14) 548.00 (99.45) 1,219,200.00 (95.07) Apr-19 3 50.00 5 (28.57) 12,520.00 (52.40) 149,086,480.00 1,915.53 May-19 3 - 4 (42.86) 308.00 (99.97) 634,400.00 (99.95) Last 12 months total 70 414,472 848,175,219
Number of Trades and Value Traded in Equities on Armenia Securities Exchange for the last 12 months
500,000.00 14.00 450,000.00 12.00 400,000.00 350,000.00 10.00 300,000.00 8.00 250,000.00 200,000.00 6.00 150,000.00 4.00 100,000.00 2.00 50,000.00 - - '000 AMD Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Value traded (manual) Value traded (two-way auction) Number of trades
2 amx.am Equities Market
Below are the changes in stock prices and values traded on Armenia Securities Exchange in May (on a monthly basis, 2018-2019).
Price Price Number of Month Price Low Weighted Volume, AMD AHEK High Stocks Avg. 300,000 1,130 2018 1,120 January 1,100.00 1,100.00 1,100.00 194,619.00 214,080,900.00 250,000 1,110 February - - - - - 1,100 March - - - - - 200,000 April - - - - - 1,090 May 1,100.00 1,100.00 1,100.00 1,100,000.00 1,210,000,000.00 150,000 1,080 June - - - - - 1,070 July 1,000.00 1,120.00 1,000.39 221,701.00 221,789,710.00 100,000 1,060 August - - - - - September 1,070.00 1,120.00 1,107.31 4,854.00 5,374,880.00 1,050 50,000 October 1,120.00 1,120.00 1,120.00 1,420.00 1,590,400.00 1,040 November 1,120.00 1,120.00 1,120.00 29.00 32,480.00 '000 - 1,030 December 1,120.00 1,120.00 1,120.00 71.00 79,510.00 AMD J-18 J-18 A-18 S-18 O-18 N-18 D-18 J-19 F-19 M-19 A-19 M-19 AMD 2019 January - - - - - February - - - - - March 1,120.00 1,120.00 1,120.00 500.00 560,000.00 Value traded Average price April 1,120.00 1,120.00 1,120.00 79.00 88,480.00 May 1,120.00 1,120.00 1,120.00 180.00 201,060.00
Price HEZB Price Number of 500,000 16,000 Month Price Low Weighted Volume, AMD High Stocks 450,000 14,000 Avg. 400,000 2018 12,000 350,000 January 12,000.00 14,600.00 13,382.41 237.00 3,171,631.00 February 8,746.84 14,600.00 8,774.16 46,930.00 411,771,182.28 300,000 10,000 March 13,625.00 14,600.00 13,904.95 101.00 1,404,400.00 250,000 8,000 April 12,000.00 14,600.00 13,837.95 99.00 1,369,957.00 200,000 6,000 May 14,022.00 14,022.00 14,022.00 27.00 378,594.00 150,000 June 5,500.00 14,600.00 12,018.57 140.00 1,682,600.00 4,000 100,000 July 12,000.00 14,600.00 13,437.76 311.00 4,179,144.00 August 5,500.00 14,600.00 12,990.48 105.00 1,364,000.00 50,000 2,000 '000 September ------AMD AMD J-18 J-18 A-18 S-18 O-18 N-18 D-18 J-19 F-19 M-19 A-19 M-19 October 12,000.00 14,600.00 13,817.35 196.00 2,708,200.00 November 14,600.00 14,600.00 14,600.00 28.00 408,800.00 Value traded Average Price December - - - - - 2019 January 12,000.00 12,000.00 12,000.00 6.00 72,000.00 February 9,138.33 14,600.00 9,157.03 46,866.00 429,153,295.44 March 12,000.00 14,600.00 13,733.33 48.00 65,659,200.00 April 12,000.00 12,000.00 12,000.00 12,416.00 148,992,000.00 May 14,600.00 14,600.00 14,600.00 28.00 408,800.00
Price UNIB Price Number of 12,000 242 Month Price Low Weighted Volume, AMD High Stocks 240 Avg. 10,000 238 2018 236 January 230.00 230.00 230.00 21,594.00 4,966,620.00 8,000 234 February - - - - - March 230.00 230.00 230.00 97,928.00 22,523,440.00 6,000 232 April 230.00 230.00 230.00 26,204.00 6,026,920.00 230 May 230.00 230.00 230.00 9,270.00 2,132,100.00 4,000 228 June 230.00 230.00 230.00 9,956.00 2,289,880.00 226 July 230.00 230.00 230.00 36,287.00 1,351,940.00 2,000 August 230.00 230.00 230.00 6,786.00 1,560,780.00 224 September 230.00 230.00 230.00 43,426.00 9,987,980.00 '000 - 222 AMD AMD J-18 J-18 A-18 S-18 O-18 N-18 D-18 J-19 F-19 M-19 A-19 M-19 October 240.00 240.00 240.00 100.00 24,000.00 November - - - - - Value traded Average Price December 240.00 240.00 240.00 208.00 49,920.00 2019 January 230.00 230.00 230.00 4,521.00 1,039,830.00 February 230.00 230.00 230.00 24,125.00 5,548,750.00 March - - - - - April 240.00 240.00 240.00 25.00 6,000.00 May 240.00 240.00 240.00 1,000.00 24,000.00
3 amx.am 0 2 Equities Market
The table below contains exchange trading statistics on stocks for May, 2019.
List/ Number of Nominal Total Number of Number of Weighted Turnover Issuer Ticker Free Securities Value Traded Market Capitalization Value Stocks Issued Trades Avg. Price ratio (%) Market Traded
Continuous Two-Way Auction
ARTSAKH HPP OJSC AHEK B 1,000 10,650,000 2 1,120 180 201,600 11,928,000,000 0.002 UNIBANK OJSC UNIB C 100 172,886,525 1 240 100 24,000 41,492,766,000 0.000 Total trading via continuous two-way auction 3 280 225,600
Manual trades
ARMECONOMBANK OJSC HEZB B 10,400 1,852,533 1 14,600 28 408,800 27,046,981,800 0.002 Total trading via manual trade 1 28 408,800
Total 4 308 634,400 As of 31 May, 2019, the market’s total capitalization amounted to AMD 145,740,454,694. As in the previous month “PURE IRON PLANT” JSC (MQER) ranked the first by market capitalization, accounting for 41.61% of total market capitalization as of 31.05.2019.
Top 5 Issuers by Market Capitalization 1.46% 6.99% Market Capitalization, Share in N Company Ticker AMD Total, % 8.18%
1 "PURE IRON PLANT" OJSC MQER 60,640,024,194 41.61
UNIB 41,492,766,000 28.47 2 "UNIBANK" OJSC 13.29% 41.61%
3 "ARARATBANK" OJSC ARBK 19,368,041,000 13.29
4 "ARTSAKH HEK" OJSC AHEK 11,928,000,000 8.18 "ARMENIAN ECONOMY DEVELOPMENT 5 HEZB 10,188,931,500 6.99 28.47% BANK" OJSC
6 Other issuers 2,122,692,000 1.46 "PURE IRON PLANT" OJSC "UNIBANK" OJSC "ARARATBANK" OJSC "ARTSAKH HEK" OJSC Total 145,740,454,694 "ARMENIAN ECONOMY DEVELOPMENT BANK" OJSC Other issuers
Market capitalization of a company is calculated as the product of the last closing price and number of common stocks issued. Total market capitalization is calculated for common stocks currently listed at Armenia Securities Exchange, which have ever been traded through continuous two-way auction as of 31/05/2019.
Financial Highlights of the Stock Issuers Listed/Admitted to Trading on Armenia Securities Exchange*
List/ Total Assets Free Ticker Company P/E EPS ROA ROE Debt/ Equity Equity/ Assets (in '000 AMD) Market
B AHEK ARTSAKH HEK 22,548 6,319 0.18 8.557 12.738 0.466 0.682 B HEZB ARMECONOMBANK 228,259 4,903 1.12 1.008 6.699 5.380 0.157 B ASEV ARPA SEVAN 5,727 1,982 25.23 8.651 10.975 0.203 0.831 B UNIB UNIBANK 212,480 44,554 0.01 0.452 2.743 5.448 0.155 C ALMS ALMAST 1,338 -2,076 -0.29 -9.034 -35.621 3.562 0.219 C ARBK ARARATBANK 221,435 37,622 0.29 0.238 1.469 4.960 0.169 C EJWG YEREVAN JEWELLERY FACTORY 2,774 -6,186 -0.01 -2.651 -3.117 0.058 0.946 C EVG1 YEREVAN JEWELLERY FACTORY-1 "GNOMON" 4,532 2,590 0.04 0.935 1.237 0.140 0.877 C ESHG YEREVAN FACTORY OF CHAMPAGNE WINES 4,131 -7,159 -0.14 -0.714 -1.345 0.911 0.523 C MQER PURE IRON PLANT 52,727 31,936 27.48 3.220 3.429 0.079 0.926 * Equity/Assets and Debt/Equity figures are calculated based on the issuers' 2019 1st quarter interim report, and the rest are based on 2018 audited annual reports. P/E = stock price weighted avg./ (profit after tax – dividend payable on preferred stocks) / number of stocks outstanding. For those companies, whose stocks were not traded in the report month, the price weighted average was replaced by last trade price. EPS (Earnings per Share) = (profit after tax - dividend payable on preferred stocks) / number of common stocks issued ROA = profit after tax / avg. annual asset value (in per cent) ROE = profit after tax / avg. annual value of equity (in per cent)
4 amx.am Corporate Bonds
During May, 2019, 141 trades in corporate bonds were concluded for a total value of AMD 2,558,492,700, of which AMD 1,934,277,257 equivalent to USD 4,028,905 were concluded in USD denominated bonds. Overall 106,654 bonds of 14 issuers were traded.
Compared to the same period of the previous year (May-18) the number of trades decreased by -29.500%, and the number of bonds traded and the total value traded increased by 11.711% and 6.001%, respectively. As compared to the previous month the number of trades and the number of bonds traded increased by 18.487% and 8.322%, respectively, and the total value traded decreased by -11.520%. Please refer to the table below for corporate bonds exchange trading statistics
Value Traded Value Traded Number of Trades (by nominal value), AMD (by purchase price), AMD
Month Variance over the same month Variance over the same month of Variance over the same month of the Monthly Monthly Monthly of the previous year (%) the previous year (%) previous year (%)
May-18 200 222.58 95,473 141.56 2,413,648,063 237.28 Jun-18 106 73.77 42,238 48.64 1,100,616,766 60.01 Jul-18 139 183.67 45,679 (18.17) 1,772,160,186 65.10 Aug-18 90 32.35 44,718 (76.67) 1,059,475,056 (63.98) Sep-18 118 66.20 67,595 (2.09) 2,116,048,199 51.04 Oct-18 149 217.02 112,437 1,057.12 3,218,752,661 869.19 Nov-18 181 285.11 258,567 1,425.20 10,607,780,480 2,300.98 Dec-18 150 114.29 208,086 993.64 2,686,307,894 314.78 Jan-19 145 119.70 57,293 (6.98) 1,911,621,575 104.70 Feb-19 178 128.21 59,852 81.59 2,262,824,448 163.76 Mar-19 91 (2.15) 41,315 12.03 1,236,621,427 (17.82) Apr-19 119 (44.39) 98,460 (17.99) 2,891,619,566 38.40 May-19 141 (29.50) 106,654 11.71 2,558,492,700 6.00 Last 12 months total 1,607 1,142,894 33,426,829,310
*In order to ensure consistency of data, provided in the table above, value traded is calculated in AMD according to the official exchange rate of the CBA as of month end.
Number of Trades and Value Traded in Corporate Bonds on Armenia Securities Exchange for the last 12 months
10,000.00 200.00 9,000.00 180.00 8,000.00 160.00 7,000.00 140.00 6,000.00 120.00 5,000.00 100.00 4,000.00 80.00 3,000.00 60.00 2,000.00 40.00 1,000.00 20.00 - 0.00 mln AMD Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 USD bonds value traded (manual, in AMD) USD bonds value traded (two-way auction, in AMD) Value traded (AMD, manual) Value traded (AMD, two-way auction) EUR bonds value traded (manual, in AMD) EUR bonds value traded (two-way auction, in AMD) Number of trades
5 amx.am Corporate Bonds
The table below contains exchange trading statistics on corporate bonds for May, 2019.
List/ Number of Number of Weighted Number Turnover Issuer Ticker Free Nominal Value Securities Securities Avg. Yield Value traded of Trades Ratio (%) Market Issued Traded (%)
Continuous two-way auction Trading in AMD bonds ARARATBANK OJSC ARBKB2J Abond 10,000 100,000 1 15 10 150,466 0.02 BLACK SEA TRADE AND BSTBB1 Abond 10,000 200,000 1 1,000 7 10,448,721 0.50 DEVELOPMENT BANK CONVERSEBANK CJSC COVSB5 Abond 100,000 30,000 1 22 10 2,209,834 0.07 GLOBAL CREDIT UCO CJSC GLBLB7 Abond 10,000 50,000 2 2,125 10 22,275,026 4.25 ARMSWISSBANK CJSC SWISB6 Bbond 50,000 40,000 4 800 9 44,749,304 2.00 ARMSWISSBANK CJSC SWISB7 Bbond 50,000 120,000 2 759 10 40,015,197 0.63 UNIBANK OJSC UNIBB7 Bbond 10,000 50,000 1 100 10 1,003,848 0.20 UNIBANK OJSC UNIBB8 Bbond 10,000 50,000 2 175 9 1,763,151 0.35
Total trading via continuous two-way auction (in AMD) 14 4,996 122,615,548
Trading in USD bonds
ACBA CREDIT AGRICOLE BANK CJSC ACBAB3 Abond 100 27,547 2 208 5 21,501 0.76 AMERIABANK CJSC AMRBB5 Abond 100 100,000 4 2,298 3 233,798 2.30 AMERIABANK CJSC AMRBB8 Abond 100 100,000 1 800 3 81,467 0.80 ID BANK CJSC ANLBB4 Abond 100 50,000 6 1,113 4 113,996 2.23 ID BANK CJSC ANLBB5 Abond 100 50,000 4 627 5 63,235 1.25 ID BANK CJSC ANLBB6 Abond 100 50,000 6 358 6 35,842 0.72 ID BANK CJSC ANLBB7 Abond 100 50,000 5 440 5 43,868 0.88 ARARATBANK OJSC ARBKB2F Abond 25 200,000 3 638 6 16,027 0.32 ARARATBANK OJSC ARBKB2H Abond 25 320,000 4 612 5 15,229 0.19 ARARATBANK OJSC ARBKB2I Abond 25 120,000 1 17 6 425 0.01 CONVERSEBANK CJSC COVSB4 Abond 100 40,000 3 1,001 4 100,785 2.50 CONVERSEBANK CJSC COVSB6 Abond 100 100,000 1 1 5 100 0.00 INECOBANK CJSC INECB2 Abond 100 50,000 1 147 6 14,990 0.29 INECOBANK CJSC INECB3 Abond 100 50,000 6 2,490 5 255,012 4.98 UNIBANK OJSC UNIBB3 Abond 100 50,000 2 500 5 50,994 1.00 UNIBANK OJSC UNIBB6 Abond 100 50,000 2 100 5 10,079 0.20 AMERIABANK CJSC AMRBB2C Bbond 100 80,000 1 140 5 14,180 0.18 AMERIABANK CJSC AMRBB2F Bbond 100 100,000 7 6,000 5 612,304 6.00 AMERIABANK CJSC AMRBB9 Bbond 100 100,000 3 1,499 5 152,277 1.50 ARARATBANK OJSC ARBKB2B Bbond 25 40,000 5 920 5 23,345 2.30 ARARATBANK OJSC ARBKB2E Bbond 25 200,000 4 526 6 13,297 0.26 FINCA UCO CJSC FNCAB4 Bbond 25 80,000 1 400 6 10,195 0.50 FAST CREDIT CAPITAL UCO CJSC FSCRB2 Bbond 100 10,000 4 1,479 6 152,235 14.79 GLOBAL CREDIT UCO CJSC GLBLB3 Bbond 100 10,000 2 95 5 10,087 0.95 ARMECONOMBANK OJSC HEZBB4 Bbond 100 20,000 2 120 5 12,082 0.60 ARMSWISSBANK CJSC SWISB4 Bbond 100 100,000 3 415 6 44,122 0.42 ARMSWISSBANK CJSC SWISB8 Bbond 100 60,000 1 300 6 31,608 0.50
Total trading via continuous two-way auction (in USD) 84 23,244 2,133,080
Trading in EUR bonds CONVERSEBANK CJSC COVSB7 Abond 100 1 5 4 497 #VALUE! ARMSWISSBANK CJSC SWISB5 Bbond 100 100,000 1 500 3 53,899 0.50
Total trading via continuous two-way auction (in EUR) 2 505 54,397
6 amx.am Corporate Bonds
Manual trade
Trading in AMD bonds
ACBA CREDIT AGRICOLE BANK CJSC ACBAB2 Abond 100,000 10,000 1 816 8 84,922,915 8.16 BLACK SEA TRADE AND BSTBB1 Abond 10,000 200,000 1 6,000 7 63,074,200 3.00 DEVELOPMENT BANK NATIONAL MORTGAGE COMPNAY NMCCB2I Abond 10,000 300,000 1 6,000 7 62,480,509 2.00 CJSC FINCA UCO CJSC FNCAB5 Bbond 10,000 100,000 3 10,000 10 100,890,467 10.00 ARMSWISSBANK CJSC SWISB7 Bbond 50,000 120,000 3 2,000 10 103,390,872 1.67
Total trading via manual trades mechanism(in AMD) 9 24,816 414,758,963
Trading in USD bonds
ID BANK CJSC AMRBB5 Abond 100 100,000 1 2,000 3 203,875 2.00 ID BANK CJSC ANLBB4 Abond 100 50,000 1 501 4 51,263 1.00 ARARATBANK OJSC ARBKB2F Abond 25 200,000 11 26,429 6 668,160 13.21 ARARATBANK OJSC ARBKB2H Abond 25 320,000 9 11,913 5 297,749 3.72 AMERIABANK CJSC AMRBB2C Bbond 100 80,000 1 1,000 5 101,172 1.25 ARARATBANK OJSC ARBKB2B Bbond 25 40,000 3 3,200 5 80,967 8.00 ARARATBANK OJSC ARBKB2E Bbond 25 200,000 1 3,160 6 80,196 1.58 ARMSWISSBANK CJSC SWISB4 Bbond 100 100,000 4 3,890 6 412,443 3.89
Total trading via manual trades mechanism (in USD) 31 52,093 1,895,825
Trading in EUR bonds ARMSWISSBANK CJSC SWISB5 Bbond 100 100,000 1 1,000 3 107,799 1.00
Total trading via manual trades mechanism (in EUR) 1 1,000 107,799
Total exchange trading in corporate bonds (in AMD) 141 106,654 2,558,492,700
7 amx.am REPO / SWAP
In May, 2019, 48 repo trades were concluded on Armenia Securities Exchange with total value traded of AMD1,824,116,577, AMD1,431,153,024 of which were concluded in USD denominated bonds.
As compared to the previous month, the number of trades and the total value traded increased by 45.455% and 48.451%, respectively. Please, refer to the table below for repo/swap agreements trading statistics.
Number of Trades Total Value Traded, AMD Variance over Variance over Month the same period of the same period of Monthly Monthly the previous year the previous year (%) (%) May-18 16 433.33 460,695,531 1,091.33 Jun-18 18 500.00 470,216,363 (67.86) Jul-18 24 300.00 742,598,539 (51.37) Aug-18 26 - 724,885,906 - Sep-18 29 314.29 817,748,922 217.96 Oct-18 36 300.00 1,052,583,432 153.32 Nov-18 35 218.18 1,097,686,711 146.45 Dec-18 30 172.73 1,146,712,657 212.80 Jan-19 26 116.67 1,009,671,539 151.41 Feb-19 25 108.33 1,011,485,424 164.61 Mar-19 31 181.82 1,155,722,911 246.87 Apr-19 33 106.25 1,228,770,236 184.42 May-19 48 200.00 1,824,116,577 295.95 Last 12 months total 361 12,282,199,217 *In order to ensure consistency of data provided in the table above, value traded is calculated in AMD according to the official exchange rate of the CBA as of the end of the month. Number and Value of REPO/SWAP Trades Concluded on Armenia Securities Exchange for the last 12 months
2,000,000,000.00 60.00 1,800,000,000.00 50.00 1,600,000,000.00 1,400,000,000.00 40.00 1,200,000,000.00 1,000,000,000.00 30.00 800,000,000.00 20.00 600,000,000.00 400,000,000.00 10.00 200,000,000.00 - - Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19
Value Traded Number of Trades
8 amx.am REPO / SWAP
Repo/Swap Agreements Change
List / Free Duration Issuer Ticker Rate (%) Value Traded Date Duration (days) Repo Rate (%) Date Market (days)
Trades in AMD denominated corporate bonds ARMSWISSBANK CJSC SWISB7 Bbond 29 6.25 30,054,000 30/05/19 - - - ARMSWISSBANK CJSC SWISB7 Bbond 35 6.25 35,143,263 24/05/19 - - - ARMSWISSBANK CJSC SWISB7 Bbond 36 6.25 31,097,196 29/05/19 - - - ARMSWISSBANK CJSC SWISB7 Bbond 35 6.25 31,055,800 30/05/19 - - - ARMSWISSBANK CJSC SWISB7 Bbond 34 6.25 34,109,637 24/05/19 - - - ARMSWISSBANK CJSC SWISB7 Bbond 35 6.25 31,447,728 29/05/19 - - - ARMSWISSBANK CJSC SWISB7 Bbond 30 6.25 31,075,962 06/05/19 - - - FINCA CJSC FNCAB5 Bbond 32 6.25 33,290,796 23/05/19 - - - FINCA CJSC FNCAB5 Bbond 33 6.25 34,299,608 23/05/19 - - - FINCA CJSC FNCAB5 Bbond 33 6.25 33,300,063 24/05/19 - - - ARMSWISSBANK CJSC SWISB7 Bbond 35 6.25 34,137,972 27/05/19 - - - ARMSWISSBANK CJSC SWISB7 Bbond 34 6.25 33,951,528 29/05/19 - - - Total 392,963,553
Trades in USD denominated corporate bonds GLOBAL CREDIT UCO CJSC GLBLB3 Bbond 31 2.75 72,622 18/12/18 182 0.48 17/05/19 GLOBAL CREDIT UCO CJSC GLBLB3 Bbond 29 2.75 61,296 13/02/19 110 0.65 08/05/19 AMERIABANK CJSC AMRBB9 Bbond 31 3.00 38,028 01/03/19 94 1.02 02/05/19 FINCA CJSC FNCAB4 Bbond 14 3.00 67,706 20/03/19 93 0.68 31/05/19 ID BANK CJSC ANLBB4 Abond 31 2.75 152,449 12/04/19 66 1.46 13/05/19 FINCA CJSC FNCAB4 Bbond 33 2.50 50,418 17/04/19 64 1.21 20/05/19 FINCA CJSC FNCAB4 Bbond 33 2.50 50,426 18/04/19 64 1.21 21/05/19 UNIBANK OJSC UNIBB3 Abond 31 2.75 82,995 19/04/19 62 1.37 20/05/19 UNIBANK OJSC UNIBB6 Abond 16 3.00 99,892 14/05/19 37 1.70 30/05/19 CONVERSEBANK CJSC COVSB6 Abond 31 3.00 61,656 01/03/19 94 1.02 02/05/19 UNIBANK OJSC UNIBB3 Abond 31 2.75 253,964 12/04/19 66 1.46 13/05/19 FAST CREDIT CAPITAL CJSC FSCRB2 Bbond 14 3.00 69,937 18/04/19 61 0.93 30/05/19 CONVERSEBANK CJSC COVSB4 Abond 31 2.75 51,800 19/04/19 62 1.37 20/05/19 ARMSWISSBANK CJSC SWISB4 Bbond 33 2.50 44,715 15/05/19 - - - UNIBANK OJSC UNIBB4 Abond 14 3.00 150,052 17/05/19 28 1.50 31/05/19 UNIBANK OJSC UNIBB6 Abond 31 2.75 100,441 21/05/19 - - - FINCA CJSC FNCAB4 Bbond 35 2.75 33,248 30/05/19 - - - INECOBANK CJSC INECB3 Abond 28 3.25 97,642 31/05/19 - - - GLOBAL CREDIT UCO CJSC GLBLB5 Bbond 21 3.00 96,340 31/05/19 - - - GLOBAL CREDIT UCO CJSC GLBLB5 Bbond 31 2.75 77,568 18/12/18 182 0.48 17/05/19 GLOBAL CREDIT UCO CJSC GLBLB3 Bbond 31 2.75 62,204 14/01/19 144 0.57 08/05/19 CONVERSEBANK CJSC COVSB6 Abond 29 2.75 38,600 13/02/19 110 0.65 08/05/19 FAST CREDIT CAPITAL CJSC FSCRB2 Bbond 28 2.75 153,738 14/02/19 113 0.73 08/05/19 ID BANK CJSC ANLBB4 Abond 28 2.75 55,413 15/02/19 129 0.51 31/05/19 ACBA-CREDIT AGRICOLE BANK CJSC ACBAB1 Abond 14 3.00 62,146 01/03/19 98 0.64 17/05/19 FINCA CJSC FNCAB4 Bbond 14 3.00 91,784 19/03/19 91 0.63 30/05/19 ID BANK CJSC ANLBB5 Abond 14 3.00 42,816 18/04/19 61 0.93 30/05/19 ARMSWISSBANK CJSC SWISB4 Bbond 34 2.50 102,792 15/05/19 - - - INECOBANK CJSC INECB3 Abond 30 3.00 124,696 22/05/19 - - - CONVERSEBANK CJSC COVSB6 Abond 35 2.75 75,557 30/05/19 - - - UNIBANK OJSC UNIBB3 Abond 32 2.75 150,048 13/12/18 189 0.45 20/05/19 ID BANK CJSC ANLBB4 Abond 14 3.00 57,720 01/03/19 98 0.64 17/05/19 FINCA CJSC FNCAB4 Bbond 30 2.50 50,509 22/04/19 63 1.31 22/05/19 ARMSWISSBANK CJSC SWISB4 Bbond 33 2.50 102,792 15/05/19 - - - ARMSWISSBANK CJSC SWISB4 Bbond 33 2.50 36,806 16/05/19 - - - INECOBANK CJSC INECB3 Abond 14 3.25 60,132 29/05/19 - - - Total 2,980,948
9 amx.am REPO / SWAP
In May, 2019, 11 repo/swap transactions with overall maturity value of AMD 384,806,903 matured as follows:
Matured Repo/Swap Agreements
List/Free Duration Issuer Ticker Rate (%) Maturity value Date End Date Market (days) Trades in AMD denominated corporate bonds ARMSWISSBANK CJSC SWISB7 Bbond 50 2.87 31,053,292 10/04/19 30/05/19 ARMSWISSBANK CJSC SWISB7 Bbond 51 3.43 31,427,360 08/04/19 29/05/19 ARMSWISSBANK CJSC SWISB7 Bbond 61 3.07 31,079,801 29/03/19 29/05/19 ARMSWISSBANK CJSC SWISB7 Bbond 44 1.99 33,933,970 15/04/19 29/05/19 ARMSWISSBANK CJSC SWISB7 Bbond 28 6.25 31,060,708 08/04/19 06/05/19 Total 158,555,131
Trades in USD denominated corporate bonds CONVERSEBANK CJSC COVSB6 Abond 43 0.98 100,025 18/04/19 31/05/19 AMERIABANK CJSC AMRBB9 Bbond 25 3.25 97,581 06/05/19 31/05/19 GLOBAL CREDIT UCO CJSC GLBLB5 Bbond 175 0.55 108,754 06/12/18 30/05/19 ARMECONOMBANK OJSC HEZBB3 Bbond 18 2.00 35,315 19/04/19 07/05/19 ARMECONOMBANK OJSC HEZBB3 Bbond 19 2.00 40,322 18/04/19 07/05/19 UNIBANK OJSC UNIBB6 Abond 31 3.75 89,264 05/04/19 06/05/19 Total 471,260
10 amx.am Government Bonds
In May, 2019, 111 trades in Government bonds were concluded with total value traded (by purchase price) of AMD 7,146,122,061. As compared to the previous month, the number of trades and the value traded (by purchase price) increased by 30.588% and 5.788% respectively. As compared to the same period of the previous year (May-18), the number of trades and the total value traded (by purchase price) increased by 146.667% and 82.181%, respectively.
Ministry of Finance of RA granted ARARATBANK, ArdshinInvestBank, ArmSwissBank, Converse Bank, HSBC Bank Armenia, VTB BANK (Armenia) and AMERIABANK the status of government debt management agent to provide simultaneous bid and ask quotes of the following benchmark government bonds AMGN36294219, AMGN60294227, AMGN60294235, AMGB1029A276, AMGB2029A366 and AMGB30163472 in the trading system. To ensure implementation of this process Armenia Securities Exchange in its turn granted the above mentioned agents the status of market maker.
The table below contains government bonds trading statistics of the last 13 months.
Value Traded Value Traded Number of Trades (by nominal value), AMD (by purchase price), AMD Variance over Variance over Month Variance over the same month the same month Monthly the same month Monthly Monthly of the previous year of the previous year of the previous year (%) (%) (%) May-18 45 21.62 3,673,500,000 (17.63) 3,922,537,430 (13.24) Jun-18 33 (41.07) 2,112,573,000 (69.07) 2,268,000,261 (67.89) Jul-18 64 255.56 5,656,994,000 283.38 6,747,688,178 332.53 Aug-18 54 (34.94) 3,643,728,000 (8.24) 4,108,391,840 (3.22) Sep-18 109 13.54 11,069,764,000 35.58 12,357,929,593 41.29 Oct-18 45 66.67 3,466,870,000 (4.10) 3,960,696,176 0.69 Nov-18 27 (55.74) 625,033,000 (93.46) 709,478,438 (93.11) Dec-18 31 (0.56) 2,541,777,000 (54.70) 2,669,685,563 (56.91) Jan-19 46 (16.36) 2,425,087,000 (49.75) 2,714,115,594 (49.53) Feb-19 68 38.78 2,154,055,000 (22.40) 2,412,661,602 (22.05) Mar-19 49 8.89 1,277,250,000 (60.54) 1,397,142,326 (62.01) Apr-19 85 51.79 6,013,417,000 (8.34) 6,755,158,265 (6.86) May-19 111 146.67 6,490,987,000 76.70 7,146,122,061 82.18 Last 12 months total 722 47,477,535,000 53,247,069,897
Trades in Government Bonds on Armenia Securities Exchange for the last 12 months
14,000.00 120.00
12,000.00 100.00 10,000.00 80.00 8,000.00 60.00 6,000.00 40.00 4,000.00 2,000.00 20.00 - - mln AMD Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Value traded (by purchase price) Number of Trades
11 amx.am Government Bonds
Please refer to the table below for exchange trading statistics in Government bonds at Armenia Securities Exchange in May, 2019.
Number of Weighted Value Traded Value Traded Turnover Ratio ISIN* Date Issued Date Matures Value Issued Trades Avg. Yield (%) (by nominal price) (by purchase price) (%)
Continuous two-way auction AMGB1029A235 29/10/2013 10/29/2023 14,625,000,000 2 8.0000 11,000,000 11,878,834 0.075 AMGB1029A250 29/10/2015 10/29/2025 42,574,200,000 10 8.8687 920,000,000 1,017,283,360 2.161 AMGB1029A276 29/10/2017 10/29/2027 50,420,000,000 5 9.3001 87,000,000 90,991,649 0.173 AMGB30163472 16/03/2017 3/16/2047 100,377,300,000 29 11.1169 2,405,508,000 2,838,828,923 2.396 AMGN36294202 29/04/2017 4/29/2020 35,484,500,000 5 6.3506 108,000,000 109,963,686 0.304 AMGN60294219 29/04/2016 4/29/2021 50,000,000,000 15 6.9000 369,800,000 392,184,539 0.740 AMGN60294227 29/04/2017 4/29/2022 49,699,400,000 26 7.6284 1,528,000,000 1,587,530,166 3.074 AMGN60294235 29/04/2018 4/29/2023 31,282,600,000 15 8.0296 854,000,000 855,477,140 2.730 Total trading via continuous two-way auction (in AMD) 107 6,283,308,000 6,904,138,296
Manual trades
AMGB1029A250 42,306.00 45,959.00 42,574,200,000.00 1.00 8.87 100,000,000.00 111,160,200.00 0.235 AMGB20172327 40,956.00 48,261.00 37,500,000,000.00 1.00 10.33 100,000,000.00 121,713,300.00 0.267 AMGB2029A366 42,489.00 49,977.00 80,000,000,000.00 1.00 10.48 1,679,000.00 2,019,662.38 0.002 AMGB30163472 42,810.00 53,767.00 100,377,300,000.00 1.00 11.12 6,000,000.00 7,090,602.00 0.006 Total trading via manual trades mechanism (in AMD) 4.00 207,679,000.00 241,983,764.38
*Transcription of ISIN codes can be understood from the example of AMGB20072283: AM - Armenia, G - Issuer, Government (CB - the Central Bank of Armenia), B - long-term (N - mid-term, M - mid-term bonds with partial redemption, T - short-term), 20 - 20 weeks (terms of circulation ), 07 - day of repayment, 2 - month of repayment, 28 - 2028 year of repayment, 3 - numeric affix.
12 amx.am Overview of Depository Activities
As of May 31, 2019, 2,559 companies had their shareholder registries kept with the CDA.
In May, 2019, the Depository registered placement of 40,389,482 securities with total value traded of AMD 56,963,479,586*. Please refer to chart below for dynamics of securities placements, registered at the Depository.
Securities placements, registered at the Depository in 2018
70,000 59,878.667 60,000 56,963.480
50,000
40,000 34,891.210
30,000
20,000
8,373.464 8,468.874 8,994.151 10,000 6,912.797 5,866.096 5,967.514 6,896.790 5,487.162 1,562.255 - Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 mln AMD Securities placement value (nominal value)
*Value of USD and EUR denominated securities placement is mentioned in AMD, calculated based on the CBA rate at the end of the given month.
Dynamics of stocks' transfers, serviced by Corporate Bonds transfers, serviced by the Central Depository of Armenia the Central Depository of Armenia 35,000 140 30 7,000 30,000 120 25 6,000 5,000 25,000 100 20 20,000 80 4,000 15 15,000 60 3,000 10 10,000 40 2,000 5 5,000 20 1,000 - - - - Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 mln mln AMD AMD Value traded Number of trades Value traded Number of trades
In May 2019, the Depository registered transfers in equities for a total value of In May 2019, the Depository registered transactions in corporate bonds for a total value of AMD1,406,750,396, AMD1,326,400,876 of which fell to the share of equity trading. AMD1,845,530,135, AMD1,845,530,135 of which fell to the share of corporate bonds trading.
The table below shows monthly breakdown of values of listed stocks and bonds (including manual trades), as well as corporate bonds repurchase agreements (repo) traded of the last 13 months.
Trading in Equity Trading in Corporate Bonds
Number of trades Value traded Number of trades Value traded Month Securities of which for of which for trading Securities of which for Securities transfers Securities transfers of which for trading (OTC) transfers trading (OTC) transfers trading
May-18 61 44 4,326,625,290 4,290,592,090 3 - 2,182,167,000 - Jun-18 80 53 326,315,963 298,642,556 2 2 192,988,000 192,988,000 Jul-18 87 57 1,615,250,228 670,463,333 2 2 255,040,617 255,040,617 Aug-18 87 63 7,502,452,775 6,840,848,075 9 6 4,476,881,119 4,074,516,000 Sep-18 90 55 6,989,546,567 6,546,518,980 12 11 6,661,842,830 6,647,369,630 Oct-18 71 41 1,492,537,042 917,533,868 5 4 896,347,535 883,706,000 Nov-18 117 82 897,096,670 889,555,570 - - - - Dec-18 92 73 2,195,980,301 1,601,483,720 4 2 362,011,430 145,580,000 Jan-19 54 30 29,941,509,291 29,718,350,390 4 3 948,623,090 947,163,250 Feb-19 81 47 3,502,068,935 1,884,230,847 5 4 713,524,232 713,378,000 Mar-19 60 30 936,197,008 831,613,000 13 1 606,552,914 97,196,000 Apr-19 55 38 589,794,352 425,212,270 24 8 2,968,580,289 2,516,527,100 May-19 59 36 1,406,750,396 1,326,400,876 18 18 1,845,530,135 1,845,530,135 Last 12 months total 933 605 57,395,499,528 51,950,853,485 98 61 19,927,922,191 18,318,994,732
* Value of USD and EUR denominated corporate bonds transfers is mentioned in AMD, calculated based on the CBA rate at the end of the given month. ** Transfers of corporate bonds don't include REPO trunsuctions.
13 amx.am Armenia Securities Exchange and Central Depository of Armenia Member Companies
ACBA-Credit Agricole Bank CJSC Armswissbank CJSC Future Capital Market LLC
82-84 Aram street, Yerevan, 0002, RA 10 V. Sargsyan str., 0010 Yerevan, Armenia office 50, 1 Byuzand, Yerevan 0010, RA tel.: (374 10) 31-88-88 tel.: (374 60) 75-70-00 tel.: (374 10) 54-45-87 fax: (374 10) 54-34-85 fax: (374 10) 52-95-91 fax:(374 10) 544 587 [email protected] [email protected] [email protected] www.acba.am www.armswissbank.am www.fcm.am Central Depository of Armenia Member Central Depository of Armenia Member Central Depository of Armenia Member
Ameriabank CJSC Artsakhbank CJSC HSBC Bank Armenia CJSC
2 Vazgen Sargsyan str., Yerevan, Armenia 1b, Charents Str., Yerevan 0025, Armenia 66 Teryan str., 0009 Yerevan, Armenia tel.: (374 10) 56-11-11 tel.: (+374 60) 74-77-69 tel.: (374 10) 51-50-00 fax: (374 10) 51-31-33 fax:(+374 60) 74-77-39 fax: (374 10) 51-50-09 [email protected] [email protected] [email protected] www.ameriabank.am www.artsakhbank.am www.hsbc.am Central Depository of Armenia Member - Central Depository of Armenia Member
IDBank CJSC Byblos Bank Armenia CJSC Inecobank CJSC
13 Vardanants, 0010 Yerevan, Armenia 18/3 Amiryan str., 0002, Yerevan, Armenia 17 Tumanyan str., 0001 Yerevan, Armenia tel.: (374 10) 59-33-33 tel.: (+374 60) 61-61-00 tel.: (+374 10) 51-05-10 fax: (374 10) 59-33-43 fax: (+374 10) 53-52-96 fax: (+374 10) 51-05-73 [email protected] [email protected] [email protected] www.anelik.am www.byblosbankarmenia.am www.inecobank.am Central Depository of Armenia Member - Central Depository of Armenia Member
Araratbank OJSC Capital Investments CJSC Renesa CJSC 15 Khorenatsi Street, Suite 6 “Elite Plaza” Business Center 19 Pushkin str., 0010 Yerevan, Armenia Yerevan 0010, Armenia 16 Vardanants str., 0010 Yerevan, Armenia tel.: (374 10) 59-23-23 tel.: (374 10) 54-64-31, 54-74-31 tel.: (374 10) 54-83-83, 54-83-87 fax: (374 10) 54-79-36 fax: (374 10) 54-74-31 fax:(374 10) 54-83-83,54-83-87 [email protected] [email protected] [email protected] www.araratbank.am www.capital.com.am www.renesa.am Central Depository of Armenia Member Central Depository of Armenia Member Central Depository of Armenia Member
Ardshinbank CJSC Converse Bank CJSC Tonton Investment LLC 26/1 V. Sargsyan str., 0010 13, Grigor Lusavorich str., 0015 Yerevan, Armenia Yerevan, Armenia 10 Adontsi str., Yerevan 0021, RA tel.: (374 10) 59-04-04 tel.: (+374 10) 51-12-11 tel.: (374 10) 20-38-15, 20-38-16, 20-38-17 fax: (374 10) 59-05-82 fax: (+374 10) 51-12-12 fax: (374 10) 20-38-12 [email protected] [email protected] [email protected] www.ashib.com [email protected] www.tontoninvest.com Central Depository of Armenia Member Central Depository of Armenia Member Central Depository of Armenia Member
Armbusinessbank CJSC Divisa CJSC Unibank CJSC
48 Nalbandyan str., 0010 Yerevan, Armenia #11, 5 Baghramyan str., Yerevan, RA N 53, 12 Charents str., Yerean 0025, Armenia tel.: (374 10) 59-20-20 tel.: (+374 10) 58-09-72 tel.: (374 10) 59-22-59 fax: (374 10) 54-40-16 fax: fax: (374 10) 55-51-40 [email protected] [email protected] [email protected] www.armbusinessbank.am www.divisa.am www.unibank.am Central Depository of Armenia Member - Central Depository of Armenia Member
Armeconombank OJSC Eurasian Developmetn Bank VTB Bank (Armenia) CJSC
23/1 Amiryan str., 0002 Yerevan, Armenia 220. Dostyk ave., 050054, Almaty, Kazakhstan 35 Moskovyan str., 0010 Yerevan, Armenia tel.: (374 10) 51-09-10 tel.: + 7 (727) 244 40 44 tel.: (+374 8000) 87-87 fax: (+374 10) 56-36-97 fax: + 7 (727) 244 65 70 fax: (+374 10) 56-55-78 [email protected] [email protected] [email protected] www.aeb.am www.eabr.org www.vtb.am Central Depository of Armenia Member - Central Depository of Armenia Member
Armenbrok OJSC EVOCABANK CJSC
N 8, 32/01 Tirgan Mets str., 0018 Yerevan, Armenia 44/2 Hanrapetutyan str., 0010 Yerevan, Armenia tel.: (374 10) 53-87-00 tel.: (+374 10) 60-55-55 fax: (374 10) 52-89-86 fax:(+374 10) 56-03-32 [email protected] [email protected] www.armenbrok.am, www.armenbrok.com www.evocabank.am - - Central Depository of Armenia Member
14 amx.am