ARMSWISSBANK BECOMES MARKET MAKER FOR ARTSAKH HPP STOCKS
PanARMENIAN.Net
02.04.2010 19:29 GMT+04:00
/PanARMENIAN.Net/ From April 3, 2010 Armswissbank will provide buy
and sell prices for the stocks of Artsakh HydroPower Plant, listed
on NASDAQ OMX Armenia since October 29, 2009 under ticker symbol AHEK.
As the press office of the RA stock exchange reported, a total of
5,962,074 common nominal stocks of the company with nominal value of
AMD 1,000 are currently included in the B list of the stock exchange.
In its status of a market maker Armswissbank will ensure that investors
will always be able to buy and sell the stocks of "Artsakh HPP" on
NASDAQ OMX Armenia, thus promoting the liquidity of the securities
in the secondary market.
Armswissbank has been a member of the stock exchange since September
14, 2007 and, apart from AHEK, is also the market maker for corporate
bonds issued by "ArmRusGasprom" (HRGAB2), which is currently the only
security on NASDAQ OMX Armenia Abond list.
Artsakh HPP was the first company to carry out an initial public
offering (IPO) of stocks in the Armenian capital market. Currently,
no other company listed or admitted to trading on NASDAQ OMX Armenia
has a market maker for its stocks.
In January 2008, Nordic exchange operator OMX Group acquired 100%
of shares of the Armenian Stock Exchange (Armex) and the Central
Depository of Armenia (CDA). After the combination of NASDAQ and OMX
in February 2008, Armex and CDA have become fully owned by the NASDAQ
OMX Group, Inc. For more information on the NASDAQ OMX Group, Inc.
visit
On January 27, 2009, Armenian Stock Exchange was officially renamed
as NASDAQ OMX Armenia. On June 5, 2009, NASDAQ OMX Armenia became
the owner of 100% of the shares of the Central Depository of Armenia.