BAKU, Azerbaijan, November 3. The total value
of manat-denominated transactions on Azerbaijan's primary and
secondary stock markets exceeded 5 billion manats ($2.95 billion)
in the third quarter of 2026.
Transactions on the primary market amounted to 3.29 billion
manats ($1.94 billion), while those on the secondary market totaled
approximately 1.74 billion manats ($1.02 billion).
The figures were reported in the second- and third-quarter
statistical bulletins published by the National Depository Center
(NDC).
According to the report, a total of 2,750 manat-denominated
transactions were registered on the primary stock market during the
reporting period, compared with 21,919 in the second quarter.
Despite the sharp decline in the number of transactions, their
total value increased from 917.2 million manats ($539.5 million) in
the previous quarter to 3.29 billion manats ($1.94 billion). This
represents an increase of nearly 3.6 times.
Activity on the secondary market also recorded substantial
growth. In the third quarter, 8,726 transactions were executed in
manats, with a combined value of 1.739 billion manats ($1.02
billion). In comparison, the second quarter saw 5,533 transactions
worth a total of 138.4 million manats ($81.4 million).
As a result, the value of secondary-market transactions
increased 12.6-fold quarter-on-quarter.
A breakdown by transaction counterparties also revealed notable
changes in the activity of legal entities and individuals.
In the third quarter, the value of transactions involving legal
entities on the secondary market reached 3.213 billion manats
($1.89 billion), compared with 846.1 million manats ($497.7
million) in the second quarter. This represents an increase of
approximately 3.8 times.
Meanwhile, the value of transactions involving individuals
reached 86.1 million manats ($50.6 million) in the third quarter,
up from 79.5 million manats ($46.8 million) in the previous
quarter.
In terms of transaction numbers, 1,479 deals involving
individuals and 51 involving legal entities were registered on the
secondary market during the reporting period. In the second
quarter, the corresponding figures stood at 18,510 and 48,
respectively.
As for US dollar-denominated operations, the primary market
recorded 57 transactions in the third quarter, with a total value
of $5 million. On the secondary market, 208 transactions were
executed, amounting to $39.7 million.
Overall, Azerbaijan's stock market recorded a substantial
increase in the value of manat-denominated transactions in the
third quarter. In particular, the reported volume of
secondary-market transactions involving legal entities exceeded 3.2
billion manats ($1.89 billion), making it one of the key indicators
of institutional participation in the country's securities
market.
