Yerevan /Mediamax/. Last week, the volume of deals on corporate bonds on “NASDAQ OMX Armenia” Stock Exchange cut down, as compared to the previous week, for over 14 times, making 3mln AMD. At that, the number of deals increased from 3 to 9.

Last week, deals were concluded on “Converse Bank”, “Ardshininvestbank”, “HSBC Bank Armenia” bonds, on bonds of the second tranche of “Elite Group” CJSC, as well as bonds of the second tranche of “Valletta” LLC.

In deals on “HSBC Bank Armenia” and “Ardshininvestbank” following the results of last week, decrease of yield respectively for 0,0292 and 0,0375 percentage points was registered. As to bonds of “Valletta”, “Converse Bank” and “Elite Groups”, increase of yield respectively for 1,0887, 0,0003 and 0,139 percentage points was registered.

“The only significant change of yield took place in the bonds of the second tranche of “Valletta” LLC (VALTB2), which in the first place is conditioned by decrease of the company’s rating by the Central Bank from “C+” to “C-”” Broker dealer of “Capital Asset Management” Alik Arakelyan informed Mediamax.

According to him, increase in the number of deals, accompanied by reduction in their volumes, is accounted for stirring up among small investors.

Last week, small increase of yield of state bonds was also registered. Alik Arakelyan believes that increase of the yield in state bonds both in process of placement and redemption by the Central Bank, should definitely contribute to increase of yield of corporate securities.

“The problem is that the Armenian stock market does not stand out by its sensitivity, and the factor, which should influence the market, does it with delay”, Broker dealer of “Capital Asset Management” stated.