And the most active issuer was Jizzakh don mahsulotlari (Jizzakh grain-crop products). Last week investors acquired more than 21% of the company. In the first day of the week investors purchased 16.81% of Jizzakh don mahsulotlari, and they purchased 3.96% of the company on Friday. In total for five trading days investors acquired significant stock holdings of 6 issuers.

It should be mentioned that mostly stocks of issuers of food producing sector (food industry) were traded. In particular, 21% of Jizzakh don mahsulotlari, which was mentioned above, 13% of Sirdaryo Wine, 9.04 % of Fargona non (Fergana bread), etc. were acquired. Due to such large volumes of stocks purchasing of food industry companies, the share of this sector reached 59.04% of total turnover for the week.

Stocks of banks were actively traded as well. In particular, 276,200 common stocks (0.26%of authorized capital) of Hamkorbank and 4,100 stocks of Turonbank were purchased. For the period considered stocks of three representatives of banking sector were traded. The share of this sector took 19.60% of total turnover.

Blue chips of local market were also actively traded during the last five days. In particular, on Monday 4,200 common stocks of Uzbektelecom (0.01% of authorized capital) were purchased, the deal price was US$10,800, which is 6.87% of total turnover during the week.

Top gainers

Shares of banking sector showed the most growth. In the rating of top gainers first two places, according to the results of the week, are occupies by one of the leading banks of Uzbekistan Uzpromstroybank (Uzbek industrial-construction bank).

Due to the statement made by the Uzbekistan Reconstruction and Development Fund about intention to acquire common stocks of Uzpromstroybank at the amount of 13 million stocks, or 26% of authorized capital, the price growth on preferred stocks of this bank reached 28% in average. This Fund will purchase stocks of additional emission at the primary market, but this news will anyway support the stock price, Essential Investments’ analysts believe.

The growth of preferred and common stocks of the bank made 42.37% and 15% respectively. Fourth and fifth place in the rating are also occupied by representatives of banking sector. Turonbank, whose stock price rose by 1.82%, took the fourth place, and Hamkorbank, which rose in price by 0.10%, is the last in the TOP 5 gainers of the week.

Toshkent don mahsulot (Tashkent grain-crop products), which recently was included in official listing of UzSE, during this week also rose in price by 5.34%.

Top losers

Last week stocks traded at UzSE had more price falls than price growths. 19 out of 24 issuers, stocks of which were traded, fell in price. The fall, probably, is the result of under valuation of local issuers. Market price of securities of main issuers is significantly lower than their book value.

Most active

The leading position in the rating of most active issuers is held by Hamkorbank. For the period considered investors acquired 276,000 common stocks of the bank. The other places in the rating are occupied by representatives of food industry. Jizzakh don mahsulotlari (during five trading days investors purchased 21% of its authorized capital) took the second place in the top five of most active.

Most traded

In terms of turnover last five trading days were not so active. Thus, 6 out of 24 issuers had the turnover not exceeding US$10,000. Top five of most active included mainly those issuers, whose significant stock holdings (more than 1% of authorized capital) were acquired by investors. In particular, investors purchased 7% of Navoi don mahsulotlari (Navoi grain-crop products), 4% of Mastona and other.

Source: Essential Investments (www.ei.uz)