The largest fall belongs to common stocks of Jizzakh don mahsulotlari (Jizzakh grain-crop products), which was 25.24%. Also in the rating of top losers there were common stocks of Navoi don mahsulotlari (Navoi grain-products) - they lost 25%.

Securities of one of the leading banks have a better situation - preferred and common stocks of Uzpromstroybank (Uzbek industrial construction bank) went up, but their growth was not even. Thus preferred stocks of the bank rose by 9.52%, while common stocks rose by 15%. Perhaps, price growth is related with the announcement of the Uzbekistan Reconstruction and Development Fund, regarding intention to purchase 13 million stocks common stocks of Uzpromstroybank (26% of authorized capital), Esstential Investments’ analysts said.

Today investors showed special interest in securities of enterprises of food production sector. Stock holdings of two enterprises of this sector were purchased. In particular, 16.81% of Jizzakh don mahsulotlari and 7.17% of Navoi don mahsulotlari were acquired.

Common stocks of Uzbektelecom fell in price, but not significantly. The deal price was US$2.57, which is 0.32% less than the price of the last trading session. Number of securities purchased was 4,215 common stocks, or 0.01% of authorized capital of Uzbektelecom (94.32% are owned by State Property Committee of Uzbekistan).

It should be mentioned that according to the Decree of the President of Uzbekistan “On measures of further development of privatization processes and active attraction of foreign investments in 2007-2010” #PD-672 from 20 July 2007, JSC Uzbektelecom was included into the list of joint-stock companies government-owned stock holdings of which, including controlling stake, can be acquired during 2007-2010 on public sale based on decision made by the State Tender Committee on investment commitments regarding modernization, technical and technological re-equipment of production.

According to this Decree investors are allowed to purchase 49% of JSC Uzbektelecom. Referring to the opinion of our analysts many investors purchasing stocks of JSC Uzbektelecom acquire them with a view to get dividends. Due to stock deals on two enterprises of food production sector during the day, share of this sector in total trade turnover took 85.24%.

Source: Essential Investments (www.ei.uz)