/KASE, April 16, 15/ – As was announced earlier, on April 9, 2015 after an IPO
conducted on Kazakhstan Stock Exchange (KASE) trades in ordinary shares
KZ1C59680013 (KZ1C00001015, KASE official list, second category, BAST) of
BAST JSC (East Kazakhstan region) opened in KASE secondary market
Despite that fact that these shares are traded on KASE only two hours a day,
from 15:00 to 17:00 o'clock, being second class liquidity shares, during the
first five days of trades they advanced to the third place in the liquidity
ranking (
http://www.kase.kz/en/shares ), following only shares of KazTransOil
JSC and KEGOC JSC, which were offered on KASE under the "People's IPO" program.
The total value of all BAST shares in free float is 20 times less than that of
KEGOC, 60 times less than that of KazTransOil, and the number of retail
investors is less 82 and 68 times accordingly.
The high liquidity level of BAST shares is attributed to the market-makers'
activities of Freedom Finance, the financial advisor and underwriter of BAST,
despite the fact that such market-maker is not required for second class
lucidity shares.
At the trades close on April 15, 2015 the price of ordinary shares of BAST
reached KZT27,842.00 per share increasing by 27.6 % on the offering price,
which corresponds with a yield of 1,437 % APR.
[2015-04-16]