/KASE, December 5, 2016, December 2, 2016 news repeat/ – Kazakhstan Stock
Exchange (KASE) in accordance with its internal document "Methodology of
Securities Liquidity Indicators Defining" (Methodology) composed lists of
shares of the first, second and third classes of liquidity for December 2016
– January 2017 out of shares admitted to circulation on KASE. The lists were
approved by the September 23, 2016 decision of the Committee on Indices and
Securities Valuation and had been composed for the purpose of applying of
regulations of KASE internal documents "Regulations of Trades and the
Confirmation System Operation" and "Regulations on Market-Makers" to shares
contained therein.
Below is the list of shares of the first class of liquidity, effective from
December 1, 2016 to January 31, 2017 (securities' titles are indicated in the
descending order of their liquidity):
1) common shares KZ1C29950017 (KZ1C00000744, KASE official list, first
category, KZTO) of KazTransOil;
2) common shares KZ1C34930012 (KZ1C00000959, KASE official list, first
category, KEGC) of Kazakhstan Electricity Grid Operating Company
"KEGOC" (Astana);
3) common shares GB00B0HZPV38 (KASE official list, second category,
GB_KZMS) of KAZ Minerals PLC;
4) preferred shares KZ1P51460114 (KZ000A0RMTC3, KASE official list, first
category, RDGZp) of KazMunaiGas Exploration Production;
5) common shares KZ1C33870011 (KZ000A0LE0S4, KASE official list, first
category, HSBK) of Halyk Savings Bank of Kazakhstan;
6) common shares KZ1C29950017 (KZ1C00000744, KASE official list,
second category, AKZM) of Aktobe Metalware Plant;
7) common shares KZ1C59150017 (KZ1C00000876, KASE official list, first
category, KCEL) of Kcell;
8) common shares KZ1C12280018 (KZ0009093241, KASE official list, first
category, KZTK) of Kazakhtelecom;
9) common shares RU0007661625 (KASE official list, second category,
RU_GAZP) of Gazprom;
10) common shares KZ1C51460018 (KZ000A0KEZQ2, KASE official list, first
category, RDGZ) of KazMunaiGas Exploration Production;
11) common shares KZ1C36280010 (KZ0007786572, KASE official list, second
category, CCBN) of Bank CenterCredit;
12) common shares KZ1C59680013 (KZ1C00001015, KASE official list,
second category, BAST) of BAST;
13) common shares US0605051046 (KASE official list, second category,
US_BAC_) of Bank of America Corporation;
14) common shares RU0009029540 (KASE official list, first category,
RU_SBER) of OJSC Sberbank;
15) preferred shares KZ1P00400112 (KZ0005416453, KASE official list,
second category, KKGBp) of Kazkommertsbank";
16) common shares RU0008943394 (KASE official list, second category,
RU_RTKM) of Rostelecom;
17) preferred shares KZ1P12280114 (KZ0009094645, KASE official list, first
category, KZTKp) of Kazakhtelecom.
Compared with the current list of shares of the first liquidity class which was
composed for October–November 2016, the list of shares of the first liquidity
class for December 2016 – January 2017 no longer features common shares
RU0009062285 (RU_AFLT) of Aeroflot – Russian Arlines and common shares
KZ1C59700019 (unlisted securities, LCAP) of L-CAPITAL.
Trades in shares of the first class of liquidity are held on KASE on working
days – from 11:30 a.m. to 05:00 p.m. (Almaty time) by method of uninterrupted
counter-directed auction (whereas the so-called Frankfurt trading method is
used) and are switched to standby-mode in case of matching or crossing of bids
and asks, if the price of a proposed deal deviates from the last transaction
price of such shares by 5 %. For market-makers for the first liquidity class
shares the maximum values of spreads between the best mandatory quotations for
securities are set at 4 %.
Trades in shares of the second and third classes of liquidity are held on
KASE on working days – from 03:00 p.m. to 05:00 p.m. (Almaty time) by the
method of uninterrupted counter-directed auction and are switched to standby-
mode in case of matching or crossing of bids and asks, if the price of a
proposed deal deviates from the last transaction price of such shares by 5 %.
For market- makers of illiquid shares of the second and third classes of
liquidity in accordance with the Regulations on Market-Makers the maximum
values of spreads between the best mandatory quotations for securities are set
at 5 %.
The lists of shares of the first, second and third classes of liquidity for
December 2016 – January 2017 are available on KASE website at
http://www.kase.kz/files/normative_base/liquid_2016_dec_2017_jan.pdf
The lists of shares of the first, second and third classes of liquidity for
October–November 2016 are available on KASE website at
http://www.kase.kz/files/normative_base/liquid_2016_oct_nov.pdf
Regulations of Trades and Confirmation System Operation are available at –
http://www.kase.kz/files/normative_base/reglament_trade_eng.pdf
Regulations on Market-Makers are available at –
http://www.kase.kz/files/normative_base/m_maker_eng.pdf
Methodology of Securities Liquidity Indicator Defining is available at –
http://www.kase.kz/files/normative_base/metodika_liquid_eng.pdf
[2016-12-05]