Yerevan /Mediamax/. Despite the global financial crisis, 2009 was quite successful for "NASDAQ OMX Armenia", its General Director Armen Melikyan said in Yerevan today.

Armen Melikyan stated that in 2009 as compared to 2008, considerable growth of corporate bonds in exchange market was registered (circulation volume made 10.55bln AMD, increasing as compared to 2008 4.7 times), growth of circulation in the amount of 43% was registered in State Bond Market (2,4bln AMD), the circulation in exchange platform according to repo deals, introduced in December 2008, reached 5bln AMD.

"Stock Exchange Market was the least active as it used to be, where the amount of concluded deals in 2009 made 98mln AMD, reducing as compared to 2008 by 63%", said Armen Melikyan.

He said that Stock Market capitalization according to 2009, decreased as compared to 2008 by 1,7%, making 53,1bln AMD. Armen Melikyan said that almost unchanged capitalization level in continuous influence of the global financial crisis shows that it did not bring to reduction in Armenian Stock market, but just slowed down its development.

In 2009, listing of 4 new issues of corporate bonds took place in the exchange, as well as the first IPO in Armenia took place.

Turning to Foreign Exchange Market, Armen Melikyan said that trade volume in this platform in 2009, made 372.93bln in terms of AMD, increasing as compared to 2008 by 10%, which is mainly conditioned by devaluation in March.

Speaking of activity of Central Depositary of Armenia (CDA), Armen Melikyan said that the number of personal stock accounts served by the Depositary made 156 430 by the end of the year, 2540 of which opened in 2009, and the number of companies, which register of stockholders is conducted via CDA, increased in 2009 by 370, making 1527 by the end of the year. 

In 2009, CDA actively cooperated with the Government of Armenia in the sphere of introducing accumulated pension system, and the exchange hopes to activate stock market, while switching over to it in January 2011.

Answering the question, concerning passivity in secondary security market of Armenia, Armen Melikyan said that one of the main reasons is in unsatisfactory level of information disclosure by the issuers, as well as by poor relations between the issuers and the society.