YEREVAN, September 7. /ARKA/. The second-quarter assets of Armenia’s investment companies slashed by 2.2% to 22.7 billion drams as of June 30 from the first quarter.
According to the Central Bank of Armenia, the total equity of the investment companies was 3.1 billion drams, dropping in the second quarter by 9.4% from a quarter earlier.
Selling/purchasing of securities in Armenia rose by 18.8% to 141.7 billion drams within the reported period.
Deals on corporate bonds increased twice in the 2Q to 53.7 billion drams, and selling/purchasing of assets fell by 28% to 2.9 billion drams. Deals on corporate bonds made up 37.9% of the total turnover.
Deals on government bonds tumbled by 8.3% to 85.1 billion drams within the reported period. These deals made up 60% of the total securities turnover.
Deals on assets made up 2.1% .
As of 30 June there are 21 banks offering investment services, and 8 investment companies. ($1 – 411.82 drams).—0-
