REVIEW: KASE share market in February, 2011

05.03.11 18:18
/IRBIS, March 5, 2011/ - In February 2011, on the Kazakhstan Stock Exchange (KASE) on shares in all sectors recorded 1,440 deals worth KZT4,358.9 million or 29.8 million dollars at the current rate at the date of the transaction. This represents 12.6% of the monthly volume of transactions on the market corporate securities KASE (in January 2011 - 40.4%) and 0.2% of the total exchange monthly turnover (0.5%). Recall, January 31, 2011 on the basis of eight specialized trades on Kazakhstan Stock Exchange (KASE) on the redemption of preferred shares KZ1P51460114 (RDGZp) JSC Exploration and Production KMG JSC (Astana) by their issuer authorized by the issuer the purchaser in the person of JSC "VISOR Capital" (VISOR Capital ) (Almaty) has documented its intention to meet the KASE 200 applications shareholders of Exploration and Production KazMunaiGas to sell 236,430 preferred shares at 19,253.25 KZT per share. Calculations based on data entered on the special trading deals should be made on Feb. 3, 2011 (according to the settlement scheme T +3). According to information of Central Securities Depository JSC (Almaty), all transactions were executed. Purchase sum amounted to 4,552,045,897.50 KZT (equivalent to 31,019 052.11 U.S. dollars at the current exchange rate). Described trades are part of Exploration and Production KazMunaiGas to repurchase its shares. As a result of February 2011 at the KASE increased average daily price of 44% of items of stock (in January 2011 - 46%), decreased - 36% of names (42%), prices of 20% of shares have not changed (13%). Maximum trends for the month showed the following tools: BTAS increased by 22.9%, REALp fell by 78.0%. In January 2011 the maximum trends showed ZNGRp (+29.9%) and CHFM (- 32.7%). On the London Stock Exchange (LSE) equity securities of Kazakhstan companies have demonstrated in the month following results: DDR Halyk Savings Bank of Kazakhstan increased by 16,8% (in January 2011 increased by 2.6%), JSC Exploration Production KMG - by 7.0% (8.4%), the GDR Kazkommertsbank fell by 0.1% (12.3%), shares of ENRC - by 4.2% (-4.4%) , KAZAKHMYS PLC - at 4.1% (-6.7%). Below are tables describing the stock market KASE more than enough in February 2011. Table 1. Statistical characteristics of KASE share market in February 2011 --------------------------------------------------------------------------- Trend to ---------------------- Indicator February 2011 January 2011 February 2011 -------------------------------------- ------------- ------------ --------- Trade volume, th. USD 29,784.7 -48.7% 2.1 times Trade volume, m. KZT 4,358.9 -48.9% 2.0 times Deals 1,440 -1.5% +53.5% Instruments in deals 25 0 -7.4% Daily average of deals 72 -11.4% +53.5% Daily average volume of deals, th. USD 1,489.2 -53.8% 2.1 times Daily average volume of deals, m. KZT 217.9 -54.0% 2.0 times Stock of direct deals (number), % 2.0 +1.3 pp +1.6 pp Stock of direct deals (volume), % 13.0 +11.2 pp +10.5 pp Pension assets, % gross 2.4 +2.3 pp -8.6 pp Individuals, % gross 39.8 +3.2 pp +12.1 pp Non-residents, % gross 23.8 +8.0 pp +9.3 pp KASE members, concluded deals 41 +24.2% +7.9% Market concentration, % 36.5 -16.9 pp +17.6 pp --------------------------------------------------------------------------- * indicates the percentage of the total turnover of shares, which accounts for most traded securities (their number is 5% of the total number of titles of shares involved in the transaction). Tab. 2. Industrial characteristics of KASE share market* ----------------------------------------------------------------- Stake of total volume of market (%): ----------- ------------ ----------- Industry February Jan. 2011 February 2011 2011 ---------------------------- ----------- ------------ ----------- Power energy 52.0 16.1 55.0 Discretional consumer sector 35.6 72.5 18.9 Finance 7.1 8.0 17.0 Raw material sector 3.5 2.5 8.2 Telecommunications services 0.8 0.6 0.4 Industry 0.5 - 0.1 Main consumer sector 0.4 0.2 0.005 Public services 0.2 0.1 - Public health - 0.02 0.02 Information technologies - - 0.4 ----------------------------------------------------------------- * Industrial Classification turnover structure prepared in accordance with rubricator Global lndustry Classification Standard (GICS) Standart and Poor's Tab. 3. KASE index dynamics in various periods at the moment of trade close as on February 28, 2011 (basis actual/365) ------------------------------------------ Trend in: -------------- Period % % APR --------------------------- ------- ------ For preceding 30 days + 0.6 + 7.2 Since the beginning of 2010 + 2.7 + 2.3 For last 365 days (year) + 3.9 + 3.9 In 2009 + 95.7 + 95.7 Form the beginning of 2009 + 101.0 + 46.8 ------------------------------------------ Tab. 4. Main indicators of exchange purchase and sale share market in February 2011 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 31.01.11 62,963.7 1,790.97 33,608.1 4,936.0 252 01.02.11 63,553.6 1,814.32 1,335.5 196.3 37 02.02.11 65,500.3 1,854.66 1,045.7 153.6 79 03.02.11 65,874.3 1,875.26 1,384.6 203.2 53 04.02.11 65,737.5 1,895.04 903.9 132.7 75 07.02.11 65,774.0 1,910.60 1,888.0 277.0 95 08.02.11 65,941.2 1,920.84 1,612.1 236.4 84 09.02.11 66,035.7 1,915.57 893.4 130.9 52 10.02.11 64,828.8 1,890.53 2,010.5 294.4 68 11.02.11 63,948.9 1,872.45 1,013.4 148.4 96 14.02.11 65,411.6 1,889.14 647.9 94.9 59 15.02.11 65,251.8 1,888.76 1,376.2 201.4 47 16.02.11 64,472.9 1,867.12 649.6 95.1 41 17.02.11 64,337.6 1,846.78 1,200.6 175.6 60 18.02.11 64,280.4 1,837.66 1,393.0 203.6 55 21.02.11 64,131.7 1,837.76 1,247.3 182.3 56 22.02.11 63,468.6 1,804.52 862.5 126.0 70 23.02.11 62,579.1 1,793.14 2,355.7 344.1 94 24.02.11 62,581.6 1,801.84 3,584.2 523.4 119 25.02.11 63,161.8 1,808.41 2,893.2 422.4 130 28.02.11 63,983.5 1,815.83 1,487.5 217.2 70 -------- --------------- ---------- --------- --------- -------- Trend 1,019.9 24.9 % +1.6 +1.4 ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in February 2011 ------------------------------------------- Shares: Issuers: Admission ----- ----- ----- ----- category Numb. trend Numb. trend ------------------- ----- ----- ----- ----- First 16 0 10 0 ------------------- ----- ----- ----- ----- Second 20 0 15 0 Third 55 0 45 0 Investment funds` 2 0 2 0 securities Unlisted securities 11 0 8 0 ------------------- ----- ----- ----- ----- Total 104 0 75 0 ------------------------------------------- Tab. 6. Results of trades in shares on KASE in February 2011 (according to data on deals, concluded on the secondary market by open trade method) ---------------------------------------------------------------------- Price, tenge per share: ----- -------- --------------- ------------- Volume Number by last deal for by last deal last 365 days --------------- ------------- Share ---- -------- of deals, of symbol min. max. price trend% min max th. USD deals ------- ----- -------- ------- ------- ---- -------- --------- ------- AMGZp 18000 25200.03 18000 18000 28500 25.7 BSUL 630 630 630 0 200 658.05 92.6 BTAS 4.7 6.2 5.9 +20.4 4.3 1300 529.6 CCBN 625 670 625 -5.0 515 764.5 7 076.7 CSBNp 445.5 487 487 +9.4 409 1437 74.1 GB_ENRC 2250 2580 2400.01 +0.0004 1800 2800 203.2 GB_KZMS 3275 3800 3450 -1.7 2155 3800 827.8 HSBK 375 445 379.75 -2.6 250 445 2 326.4 KASE 4500 4888 4500 3750 6000 248.9 KAZIp 350 370 355 -4.1 300 390 68.3 KKGB 485 616 540 +16.9 356 700 1 406.9 KKGBp 230 230 230 195 296 0.8 KZTK 19500 20850 19500 -0.3 11800 20850 1 947.9 KZTKp 8900 9533 9500 +2.1 6000 9533 172.1 MMGZp 5100 9000 5500 4000 9000 185.8 MREK 1100 1210 1100 910 1210 146.5 RAHT 1300 1300 1300 1100 1300 18.0 RDGZ 19000 20550 20200 +4.1 15155.01 22500 1 264.1 RDGZp 18800 20300 20170 +6.7 10800 21988.89 8 929.5 REALp 1.1 1.1 1.1 1.1 5.01 0.1 SATC 71.01 71.07 71.01 -0.1 70 72 191.5 TSBN 832.5 865 865 0 832.5 980 22.4 ZERD 1.38 1.47 1.47 -2.0 0.67 2.49 83.1 ZERDp 5.2 5.4 5.21 +0.2 4.6 5.72 82.3 ZNGRp 387 387 387 0 298 1250000 0.1 ------- ----- -------- ------- ------- ---- -------- --------- ------- 24 57,004.5 1,452 ---------------------------------------------------------------------- Notes: The table provides data on the shares. in which the deals were concluded by one of the open trade methods. Trends (change in %) are provided in relation to the last deal of the preceding month (January 1 - 31, 2011). Trend is not computed. if there were no deals in the preceding month. Tab. 7 Top 10 most liquid shares of KASE in February 2011 including STF RFCA ----------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): ------------------------------------------ Rank ------------- volume number number February Jan. Share Liquidity of deals. number of KASE resultant 2011 2011 symbol indicator Kl m. KZT of deals members days -------- ---- ------- ------------ ----------- ---------- -------- ---------- 1 1 RDGZp 2.90 1,305.5 279 26 19 2 3 CCBN 2.49 1,037.1 171 28 19 3 4 BTAS 2.20 77.6 188 28 20 4 5 HSBK 2.18 340.5 170 27 19 5 2 KZTK 2.02 284.9 155 24 20 6 6 KKGB 1.83 205.9 134 23 18 7 7 RDGZ 1.50 184.8 82 20 17 8 8 GB_KZMS 1.50 121.2 73 20 19 9 9 GB_ENRC 1.17 29.7 42 17 16 10 11 SATC 0.65 28.0 19 11 7 ----------------------------------------------------------------------------- Notes: For calculation of Kl only data on deals concluded in KASE secondary market sector by one of the open trade methods are accounted. The methodology of calculation of this indicator is available in the corresponding section of the document, released at http://www.kase.kz/mix/rsp.pdf in Russian and at http://www.kase.kz/eng/mix/rsp.pdf in English. Tab. 8. Top 10 most capitalized listing companies of KASE. shares of which were listed on the official list of securities of the Exchange (as on the moment of trades close on the indicated dates) ------------------------------------------------------------------------------- As on 31.01.2011: As on 31.12.2010: Trend: ---------------------- ---------------------- --------------- Short or capitali- company capitali- company capitali- contraction name zation stake zation stake zation stake of company rank m. USD % rank m. USD % m. USD pp ----------------- ---- --------- ------- ---- --------- ------- --------- ----- ENRC PLC 1 21,165.7 33.08 1 21,043.1 33.42 +122.6 -0.34 KAZAKHMYS PLС 2 12,658.0 19.78 2 12,747.9 20.25 -89.9 -0.46 RD KazMynaiGas 3 10,275.7 16.06 3 9,678.6 15.37 +597.1 +0.69 Halyk Bank 4 3,835.2 5.99 4 3,914.0 6.22 -78.8 -0.22 Кazkommercbank 5 3,076.3 4.81 5 2,679.4 4.26 +396.9 +0.55 Mangystaumynaigas 6 2,695.2 4.21 6 2,678.4 4.25 +16.8 -0.04 Nurbank 7 1,889.0 2.95 7 1,878.0 2.98 +10.9 -0.03 Каzakhtelekom 8 1,478.5 2.31 8 1,479.3 2.35 -0.8 -0.04 ATFBank 9 1,314.6 2.05 9 1,307.0 2.08 +7.6 -0.02 Shubarkol komir 10 722.7 1.13 11 718.5 1.14 +4.2 -0.01 ------------------------------------------------------------------------------- Notes: The company stock % - an indicator, received by cutting off market capitalization of the company to total capitalization of exchange market share of official list of securities of KASE and expressed in percent. As of the market close, February 28, 2011 this indicator made USD63,983.5 mln. 91 shares of 65 issuers were listed on the official list of KASE. [2011-03-05]