YEREVAN, March 26. /ARKA/. On March 25, the Armenian Securities Exchange (AMX) named the best participants of the local capital market in 2018. According to AMX CEO Hayk Yeganyan, the purpose of the event is to assist capital market participants and thereby stimulate market activity.
‘We are promoting companies that are active at different exchanges. The competition between participants of the exchange enhances trade,” he said.
He said the change of winners indicates the activity of the participants and the emergence of new ones.
“Every year we register almost a 50% growth in the number of transactions with corporate bond. Every year we conduct 35 new bond issues. This suggests that companies demand for borrowed funds from the capital market is growing,” said Yeganyan.
ArmSwissbank was named the winner in the category The Best Participant in the Corporate Securities Market. Ameriabank was the winner in the category The Best Participant in the Government Bonds Market, and the investment company Armenbrok was the Best Participant in Repo Transactions. Armenbrok also became the Best Partner of the Year. Araratbank was the winner in the category The Participant of the Year.
Armenia Securities Exchange or AMX, formerly NASDAQ OMX Armenia is the only stock exchange currently operating in the country, located in the capital city Yerevan. The stock exchange began operations in 2001 as a self-regulatory organization founded by the exchange members. In November 2007, pursuant to relevant amendments in the legislation covering the local securities market, it was demutualized and became an open joint-stock company.
The state regulatory authority for the stock exchange and the Armenian securities market is the Central Bank of Armenia. Instruments currently traded on AMX include stocks, corporate bonds, government bonds, currency, SWAP and REPO (repurchase agreements) on corporate securities. Since 1995, the Armenian Stock Exchange has been a member of the Federation of Euro-Asian Stock Exchanges, headquartered now in Yerevan. -0-
