Stock Market Fluctuations: Nine Uzbek Companies Raised its Rating, Twelve Lost   

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In the first week of July on the Republican Stock Exchange (RSE) Toshkent, a significant number of highly liquid shares demonstrated increased value, while the UCI index fell to 666.23 points (-1.73%).  Kursiv’s overview of the changes in securities’ quotations is below.

Among the 21 highly liquid shares, notable growth was observed in the Almalyk MMC, with a significant 11.14% increase, reaching 12,498.99 soums. The Business Development Bank and the Trustbank also experienced positive growth with increases of 5.31% and 15.18% respectively, stopping at 9,790 sums.

However, it’s worth noting that the Uzbektelecom faced a decline of 9.82% in preferred shares, falling to 4057 soums, along with the Turonbank, which experienced a considerable 24.70% drop to 1500 soums. The Ipak Yuli witnessed a significant decrease of 19.21% to 286.80 soums.

Shares of the Uzbek Commodity Exchange experienced a 4% decline, halting at 14,399 soums, while common securities of the Uzpromstroybank showed modest growth of 0.10%, reaching 9.99 soums.

UzAuto Motors’ securities re-entered the highly liquid list after June trading, presenting a 2.64% increase, reaching 67,740 soums. Furthermore, the emitter disclosed the date (July 23) of the shareholders’ general meeting; during this meeting, the matter of dividend payment, based on the 2023 performance, will be submitted for a vote.

Kursiv reported on RFB’s initiative of organising a competition among retail investors with a prize fund of 100 million soums.