In September capitalisation of the Kazakhstan securities market decreased from $1,331.9 mln down to $1,329.0 mln

/IRBIS, Oct 02, 00/ - As of late September capitalisation of the market for corporate securities of Kazakhstan was estimated at $1,329.0 mln, or KZT189,493.2 mln at KZT/USD rate of KASE, effective on September 30. As of early September 2000 corresponding figure was $1,331.9 mln, or KZT189,827.1 mln. Within a month capitalisation decreased by $2.9 mln, or 0.2%. Change in the capitalisation in September was mainly caused by a decline in market value of the following securities: - common shares of Bank TuranAlem OJSC (BTAS, official list of securities, category "A") - by 15.1%; - preferred shares of UKTMK OJSC (UTMKp, official list of securities, category "A") - by 20.0%; - common shares of Aluminii Kazakhstana OJSC (ALKZ, official list of securities, category "B") - by 30.0%; - common shares of Bayan-Sulu OJSC (BSUL, official list of securities, category "B") - 2.9 times; - common shares of TNK KAZCHROME OJSC (KZCR, official list of securities, category "B") - 20.0%; - preferred shares of Mangistaumunaigas OJSC (MMGZp, official list of securities, category "B") - 1.8 times; - common shares of VALUT-TRANSIT BANK OJSC (VTBN, official list of securities, category "B") - by 4.4%; In turn, fall in capitalisation was partly compensated by growth in market value of following securities: - preferred shares of Kazakhtelecom (KZTKp, official list of securities, category "A") - by 35.3%; - preferred shares of Aktobemunaigas JSC (AMGZp, "Non-listed securities" sector, second admission level) - 1.4 times; - preferred shares of VALUT-TRANSIT BANK OJSC (VTBNp, official list of securities, category "B") - 1.5 times; As of late September (corresponding figures for August, 2000 are given in parentheses) trade lists of KASE consisted of: 74 (70) securities of 53 (49) issuers. The agency IRBIS draws the attention to the fact, that due to the narrowness of Kazakhstan securities market, these given dynamics of the share prices do not reflect the results of financial and economic activities of their issuers and was influenced by exclusively local conjuncture.