Tashkent, Uzbekistan (UzDaily.com) -- After sudden price growth on common stocks of Uzbekhimmash (Uzbek chemical machinery) (25% is owned by JSC Uzneftegazmash (Uzbek oil and gas machinery) in the middle of September from US$2.40 to US$86.27 per stock, on 10 November a significant fall was registered at Uzbekistan Stock Exchange “Tashkent” (UzSE). On 10 November, investors purchased these securities at the price of US$20.10, which is 76.71% less than the September level.

Then in September investor acquired 10,487 stocks (about 9% of authorized capital) at the price of US$86.27 per share.

According to the results of the day Qaraqalpak dan onimleri (Karakalpak grain-crop products) was the most active and had largest stocks turnover. On the reporting day, investors acquired 12.35% of Qaraqalpak dan onimleri at the price of US$1.11 per stock paying 87.50% higher than the previous deal. 25% of authorized capital of this issuer is owned by the State Property Committee, 6.30% and 5.10% are owned by Capital Invest and Sarvat Invest respectively.

Usually price growth on stocks is registered in the event of purchasing of a significant holding in an issuer. But that was not the case with the deal on common stocks of Urganch sharob (51% is owned by HC Uzvinosanoat-holding (Uzbek wine industry holding). Investors purchasing 3.33% of stocks paid US$0.44 per share, which is 27.79% less than the price of last trading session on these securities.

Common stocks of Fargona nasilli parranda fell in price like the ones of Urganch sharob. But this fall was insignificant - down 0.16% compared to the last trading session on these securities. Average deal price on common stocks of Fargona nasilli parranda was US$7.41, which equals book value of 2007.

Absence of banks in trading session didn’t lead to trade turnover decline. On 10 November, beverage producers were more actively traded compared to previous days. Because of that the share of this sector in total trade turnover took 3.77%. Deals on stocks of Investment fund Kamalak made US$3.70. This deal didn’t make a significant impact to general trading structure in the context of industries.

Source: Essential Investments