Sat, 19 July
28.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenia’s stock market capitalization grew by 35.6% to AMD 439.3 billion in 2024 – AMX report

YEREVAN, March 21. /ARKA/. The capitalization of the Armenian stock market grew by 35.6% to AMD 439.3 billion in 2024, according to the annual report of the Armenia Stock Exchange (AMX).

“Over the past year, 84 securities were listed and admitted to trading, due to which the volume of new listings increased by 124% compared to 2023 – to AMD 362.8 billion. This is an exceptional growth in the history of the stock exchange,” the report says.

Corporate Bond Market

According to AMX, the corporate bond market in 2024 amounted to AMD 768.7 billion, an increase of 56.5% compared to 2023.

The trading volume increased by 58.8% compared to 2023, exceeding AMD 72.1 billion.

At the end of 2024, 153 corporate bonds were traded on the exchange, with 5,596 transactions (an increase of 60.4% compared to 2023).

Out of 24 issuers of corporate bonds, 13 are banks, 4 are credit institutions, 2 are industrial sector companies, 1 each are construction, energy and telecommunications companies, and 2 are other financial institutions.

Of the 153 corporate bonds traded on the exchange, 80 had a maturity of 3-5 years, 52 had a maturity of 1-3 years, and 21 had a maturity of more than 5 years. Of these, 79 securities were issued in US dollars, 66 in drams, and 8 in euros.

Stock market

The volume of stock trading increased by 0.8% compared to 2023, amounting to 3.4 billion drams.

At the same time, as indicated in the report, the volume of transactions concluded at double continuous auctions increased, while the volume of address transactions decreased.

At the end of 2024, 13 shares were traded on the exchange, the number of transactions amounted to 1938.

Of the 12 issuers last year, 8 were financial organizations, 2 were companies in the industrial and manufacturing sectors, 1 each was a construction, telecommunications, and beverage comapnies.

AMX is the sole operator of the regulated securities market operating in Armenia and a 100% shareholder of the country’s Central Depository. The mission of AMX Group is to contribute to the formation of a favorable investment environment in Armenia by offering effective solutions and services, including securities trading, clearing, settlements, as well as custody and maintenance of the pension system asset registry. ($1 – 392.54 AMD) -0-

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Annual meeting of BSTDB Board of Governors to be held in Yerevan

The President of the Black Sea Trade and Development Bank (BSTDB) Serhat Köksal expressed his gratitude for hosting the annual meeting of the BSTDB Board of Governors in Yerevan during a meeting with Armenian Prime Minister Nikol Pashinyan on Tuesday.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

Armenian government approved an agreement with the EIB for 50 million euros for the infrastructure development of Syunik

At a meeting on Thursday, the Armenian government approved a proposal to sign a financial agreement with the European Investment Bank (EIB) “Armenia - Sustainable Syunik Program, Special Investment Window 1 EFSD+” for 50 million euros.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img