Review of KASE stock market in December 2023

/KASE, January 31, 2024/ – Kazakhstan Stock Exchange (KASE) presents a review of the stock market in December 2023. KASE Index value in December increased by 0.5 % and by the end of the month amounted to 4,187.38 points. ------------------------------------------------------------------ Δ, % Volume, bn tenge from ----------------- December 29 November 30 Δ, % 01.01.23 December November ---------- ----------- ----------- ---- -------- -------- -------- KASE Index 4,187.38 4,167.17 +0.5 +28.8 18.20 8.90 ------------------------------------------------------------------ The volume of trading in shares in December amounted to 20.3 bn tenge, having decreased by 31.3 %, or 9.2 bn tenge, compared to November. At the same time, the number of transactions decreased by 37.6 % to 78,103. There were no trades on the primary market in December. The average daily trading volume was 1,012.9 mln tenge, the average daily number of transactions is 3,905, the average volume of one transaction is 259.4 th. tenge. The volume of transactions with index shares in December 2023 amounted to 18.2 bn tenge, which is 2 times more than in November 2023. The largest trading volume fell on common shares of Kcell JSC – 4.4 bn tenge (24.1 % of the total trading volume with index shares). ------------------------------------------------------------------------ Last price, Trading volume, tenge per share Δ, % mln tenge ---------------------------- ------------- ------------------------ December 29 November 30 Δ, % From 01.01.23 December November Δ, % ---- ----------- ----------- ---- ------------- -------- -------- ------ KZTK 34,500.00 31,999.00 +7.8 +21.6 1,852.4 548.7 +237.6 KZAP 18 453.12 18 190.00 +1.4 +43.3 778.3 847.1 -8.1 KCEL 1,954.98 1,949.99 +0.3 +13.3 4,381.9 485.3 +802.9 CCBN 977.06 976.05 +0.1 +52.7 2,677.6 515.1 +419.8 KZTO 865.00 863.74 +0.1 +17.8 1,087.8 694.1 +56.7 HSBK 163.60 164.01 -0.2 +29.4 1,003.8 953.7 +5.3 KEGC 1,482.00 1,486.71 -0.3 -8.5 1,996.2 1,860.6 +7.3 KMGZ 11,541.00 11,595.00 -0.5 - 4,011.9 2,658.9 +50.9 KSPI 45,600.00 46,300.00 -1.5 +37.4 395.8 370.3 +6.9 ------------------------------------------------------------------------ Shares of Bank CenterCredit JSC increased in price by 0.1 % in December. Based on results of nine months of 2023, net profit amounted to 103.6 bn tenge. The Bank's equity capital for the nine months of 2023 increased from 273.9 bn tenge to 381.8 bn tenge due to an increase in retained earnings by 44.7 %. The bank did not use net profit to pay dividends. Common shares of NAC Kazatomprom JSC grew by 1.4 % in December, second only to shares of Kazakhtelecom JSC. The main growth factor was prices for raw materials on world commodity markets, which showed significant growth throughout 2023 against the backdrop of logistics and supply chain disruptions due to the political crisis in Niger, which accounts for 4.7 % of global uranium fuel production. Based on results of nine months of 2023, the Company's net profit decreased from 138.9 bn tenge to 78.6 bn tenge due to a decrease in revenue from 134.2 bn tenge to 93.6 bn tenge. In December 2023, common shares of Kaspi.kz JSC decreased by 1.5 %. Net profit for the nine months of 2023 also increased by 50 % from 400.6 bn tenge to 600.8 bn tenge. Common shares of Halyk Bank of Kazakhstan JSC based on December results lost in price by 0.2 %. Based on results of nine months of 2023, the Bank's net profit increased from 410.9 bn tenge to 537.3 bn tenge. Shares of NC KazMunayGas JSC decreased in December by 0.5 % to 11,541.00 tenge, while the increase from the IPO price was 37.3 %. For the nine months of 2023, net profit decreased to 949.0 bn tenge from 1,161.3 bn tenge a year earlier. The decrease was due to a decrease in revenue under contracts with customers by more than 10 % to 6,087.4 bn tenge, and a decrease in the share of profit in joint ventures by 27.4 % to 565.2 bn tenge. On December 13, 2023, Moody's affirmed the Company's long-term rating at Baa2, upgrading the outlook from "stable" to "positive". S&P Global Ratings also affirmed the Company's rating at "BB+", revising the outlook to "stable". Common shares of Kazakhtelecom JSC increased in price by 7.8 %. For the nine months of 2023, net profit increased to 89.3 bn tenge compared to 88.7 bn tenge for the same period last year. In December 2023, the share price of KazTransOil JSC increased by 0.1 %. Based on results of nine months of 2023, net profit increased from 25.2 to 33.3 bn tenge due to an increase in production costs from 173.2 bn tenge to 219.4 bn tenge, as well as an increase in expenses from disposal and depreciation of fixed assets from 0.3 bn tenge to 12.9 bn tenge. Shares of Kcell JSC in December increased by 0.3 % to 1,954.98 tenge. Based on results of nine months of 2023, net profit decreased to 23.6 bn tenge compared to 32.5 bn tenge for the same period in 2022. The company has decided not to distribute the company's net income for 2022 and not pay dividends on common shares. In December, a decrease of 0.3 % was demonstrated by the common shares of KEGOC JSC. Financial statements for the nine months of 2023 showed an increase in net profit by 39 % to 28.6 bn tenge from 20.6 bn tenge a year earlier. KEGOC JSC paid dividends on common shares for the second half of 2022 in the amount of 50.59 tenge per share. At the same time, taking into account dividend payments for the first half of 2022 per share in the amount of 50.59 tenge, the total amount of dividends paid for 2022 amounted to 30.2 bn tenge or 65.44 tenge per common share. On September 26, 2023, shareholders decided to pay dividends for the first half of 2023 in the amount of 77.74 tenge per share. KASE equity market Bade on results of December 2023, the equity market capitalization amounted to 26.7 trln tenge (59.0 bn USD), which is higher by 532.97 bn tenge, or 0.9 %, than the same indicator in the previous month. The bulk of the growth came from index companies due to adjustments in their share prices. ----------------------------------------------------------------- December 29 November 30 Change Change, % ----------------------- ----------- ----------- ------- --------- Capitalization, bn KZT 26,743.40 26,818.72 -75.32 -0.3 Capitalization, mln USD 58,952.92 58,420.96 +532.97 +0.9 ----------------------------------------------------------------- Changes in prices of shares included in the representative list for calculating the equity market capitalization, as of December 29, 2023: ------------------------------------------------------- Price change / Issuer (date of last trade) Change, % --------------------- ----------------------- --------- Bank CenterCredit JSC 1,035.15 796.19 +30.0 (CCBNp) (29.12.23) (30.11.2023) Kazakhtelecom JSC 24,750.00 23,250.00 +6.5 (KZTKp) (29.12.23) (30.11.2023) BAST JSC 6,752.29 7,299.99 -7.5 (BAST) (29.12.23) (30.11.2023) ------------------------------------------------------- * table quotes price changes on shares exceeding +/- 5 %. [2024-01-31]