YEREVAN, June 9, /ARKA/. A total of $40.2 million were traded at NASDAQ OMX Armenia stock exchange in May, or 15.4 billion Drams, if denominated in Armenian national currency, the dram.
According to ARKA, the amount was 7.8% or $3.4 million (1.7 billion Drams) down from April. At that the total number of deals in May dropped by 3 if compared to April, to 403. The largest amount of trading was on May 26-$5.05 million, and the minimum on May 21- $850 thousand. The average exchange rate of USD for May deals was 384 Drams.
NASDAQ OMX Armenia is the new name of the Armenian Stock Exchange ojsc (renamed on January 27, 2009), however, it is also used to refer jointly to the stock exchange and the Central Depository of Armenia, (CDA), as the both companies have been members of the NASDAQ OMX Group, Inc. since early 2008.
NASDAQ OMX Armenia and the CDA are the major securities market infrastructure institutions in Armenia. Since their inception in 2000, both companies had operated as self-regulatory organizations established by member broker companies, up until demutualization in 2007. NASDAQ OMX Armenia is a part of the world’s largest exchange company, the NASDAQ OMX Group, Inc.
