AVEX_PRESENTATION_EN_2Q2024

image
Go back

                                                               2Q2024 rebalance

  • We did the rebalance of the Index by the results of the trades for the last 12 months, which ended in 30 June 2024;
  • The following stocks were excluded from the index calculation: КFLT, BRBNP (ex. KKBNP);
  • The following stocks were added: UZTLP, EQQU;
  • We kept updating the methodology with improved calculations to not allow some of the companies to be counted just because of huge transaction sizes with few deals completed;
  • While YOY and YTD growth indicators remain positive, daily indicators are gradually declining and expected to persist. Stock prices are anticipated to bounce back as the capital market keeps developing.
                                                   Changes in the index structure                                                        AVEX - S&P 500 – MSCI
                                   Changes in the closing price of TOP 20 securities in 2Q2024
                                                             AVEX structure

                                                                    Financial indicators

                                 Aggregate financial performance of the companies in the AVEX, kUZS                                                          Avesta Equity Index

  •  AVEX is an index that covers the top 20 listed companies with the largest number and volume of transactions at the Tashkent Stock Exchange. Describes the general trend in the market;
  • The structure of the index is updated every quarter, based on the results of the last 12 months of trading;
  • AVEX dynamics shows +13.3% YTD and +54.2% y-o-y growth for 2Q2024. In 2023 index resulted in +86.5%, in 2022 -5.8%, and in 2021 +54.9%.
                                                                Methodology
  • Calculation of the AVEX is based on the daily price of companies’ stocks with their weighted average which is driven by companies’ liquidity and transaction turnover; 
  • The weighted average of each company doesn’t exceed 15% in the estimation of the AVEX index;
  • The starting date of the index calculations is 01/01/2021 with a value of 1,000, all market quotes were also brought to 1,000 using the appropriate ratios at the beginning of the account.