Market capitalization of listed companies in Azerbaijan falls nearly 4%

In 2025, the market capitalization of listed companies in Azerbaijan amounted to 2.67 billion manats (just over $1.57 billion), representing a 3.6% decrease compared to 2024, Report informs, citing the Baku Stock Exchange (BSE).

The BSE noted that the financial sector maintained a dominant position, accounting for 99% of total capitalization, while the real sector's share was only 1%, highlighting the need for diversification.

Market capitalization was concentrated mainly in large companies: seven firms with capitalization above 100 million manats (just over $58.8 million) made up 88% of the total, six firms between 10–100 million manats (approximately $5.88-58.8 million) accounted for 11.1%, and 23 firms below 10 million manats represented just 0.9%.

Following the first Initial Public Offering (IPO) in 2024, activity in Azerbaijan"s stock market in 2025 was mainly driven by secondary market trading. The volume of secondary market trades rose from 12.5 million manats (just over $7.35 million) to 15.8 million manats (nearly $9.3 million), indicating stable investor activity.