No repo deals were registered during other days of the week. Total turnover of the repo deals made about US$128,000. Investors acquired common stocks of Uzkurilishashesavdo (50% is owned by Keramzitbeton Ltd. (Claydite concrete)) on terms of a repo deal. Volume of the deal was 532.42 thousand stocks, which makes 25.09% of authorized capital of the issuer. There was also reverse repo deal on stocks of JSC Uzbektelecom.

Last week was distinguished by the fact that investors purchased significant stock holdings of different issuers every day at UZSE. An acquisition of 14.99% of Mahsusenergogaz (Special power gas) can be justly considered as the purchase of the week. This deal drew attention due to significant quote growth on stocks of this issuer as a result of purchasing of abovementioned holding.

For the first time during last few weeks major share of total trade turnover was divided among five-six sectors of economy (before it was divided among two-three sectors). The leading position was occupied by retail sector (30%), 24% and 23% were made by machinery construction and food production sectors respectively.

Last week (10-14 Novmber) stock prices mainly appreciated. The last place in the rating of top gainers was occupied by Karakalpak dan onimleri (Karakalpak grain-crop products), which rose in price by 87.49%. The largest price growth was registered on securities of issuers, significant holdings of which were acquired by investors. Thus, the first place was occupied by common stocks of Mahsusenergogaz (major stockholders are JSC O’zneftgazqazibchiqarish (26%) and OJSC Agroprombiznes (Agricultural and industrial business) (28.96%)), which rose in price by 17 times compared to the previous trading session.

The deal was held at secondary market for foreign currency. Investors acquired 5670 common stocks, or 14.99% of authorized capital of the issuer.

20 out of 26 issuers, stocks of which were traded during the week, were in red. But the average fall was not so high. Thus majority of issuers had a fall of no more than 10%. Securities of Uzbekhimmash (Uzbek chemistry machinery) fell in price by 76%. After acquisition of significant stock holding this September (then stock prices of this enterprise rapidly grew) the prices began to return to their average level. As a result of reverse repo deal JSC Uzbektelecom fell in price by 56.87%. Perhaps, preferred stocks of this issuer were acquired with the term of reverse re-sale until this October. During October the average price on preferred stocks of Uzbektelecom rose from US$0.75 to US$1.86 per share. Growing interest of investors in securities of issuers of such sectors of economy as food production, retail, transportation and construction was registered recently. Stock holdings of issuers of abovementioned sectors were mainly purchased, statements of intentions regarding purchasing of controlling and blocking holdings were published in media. Statements regarding share purchasing in transportation companies appeared more frequently. As a result representatives of food production, retail and construction sectors prevail in top five of most active. Banking sector is still popular among investors despite its share fall in total trade turnover.

No deals on purchasing of significant stock holdings in local blue chips were registered for the reviewed period. This fact is explained by large size of their authorized capitals. To acquire even 5% of their holding, one needs to have significant funds. It should also be mentioned that there is clear share allocation among major stockholders in these companies.

Source: Essential Investments (www.ei.uz)