U.S. dollar market of Kazakhstan: day results
/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, June 29, 06/ - Following is the table of major indicators of Kazakhstan market of U.S. dollar by the day results. The rate is given in tenge per dollar, volume - th. USD. Trends are shown relative to corresponding figures of previous trading day.
Results of trades on Kazakhstan stock exchange (KASE)
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Instrument USD TOD USD TOD USD TOM
KASE's session Morning Day Evening
Time 10:15-11:00 ALT 11:30-16:00 14:00-17:00
--------------- -------------- -------------
Indicator value trend value trend value trend
---------------------- ------- ------ ------ ------ ------ -----
Opening rate 118.80 -0.50 118.65 -0.60 - -
---------------------- ------- ------ ------ ------ ------ -----
Maximum rate 118.80 -0.50 118.89 -0.56 - -
Volume on max. price 1000 +900 300 +100 0 0
---------------------- ------- ------ ------ ------ ------ -----
Minimum rate 118.50 -0.59 118.61 -0.09 - -
volume on min. price 5 -195 300 -1400 0 0
---------------------- ------- ------ ------ ------ ------ -----
Closing rate 118.66 -0.59 118.89 +0.09 - -
Weight. aver. rate 118.69 -0.52 118.77 -0.26 - -
Volume of the session 92105 +78605 35400 -10600 0 0
Number of deals 229 +122 89 -58 0 0
Number of participants 19 0 21 +1 2 +2
---------------------- ------- ------ ------ ------ ------ -----
Best bid* 118.66 -0.56 118.84 +0.06 118.86 X
Best ask* 118.69 -0.55 118.90 +0.09 119.00 X
---------------------- ------- ------ ------ ------ ------ -----
REUTERS Bid* 118.57 -0.61 118.63 -0.10 118.76 +0.01
REUTERS Ask* 118.63 -0.59 118.72 -0.05 118.80 +0.02
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* at closing of the session on KASE, out of stock exchange - by the
data of REUTERS
Table of price levels of trading in US dollar on KASE on TOD terms
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Total by results of the day:
Morning Day ----------------------------
session: session: time (ALT):
Price ------------- ------------- ------------
level volume deals volume deals volume deals from to
------ ------ ----- ------ ----- ------- ----- ----- -----
118.89 300 3 300 3 15:27 15:29
118.87 300 2 300 2 15:19 15:27
118.85 1500 4 1500 4 15:18 15:27
118.84 200 1 200 1 15:18 15:18
118.83 15200 2 15200 2 15:18 15:20
118.82 800 3 800 3 15:06 15:16
118.81 400 2 400 2 15:06 15:06
118.80 800 4 800 4 14:53 15:10
118.80 1000 2 1000 2 10:15 10:16
118.79 5 1 1300 8 1305 9 10:16 15:07
118.78 500 2 600 5 1100 7 10:31 14:59
118.77 400 3 400 3 14:54 14:55
118.77 600 5 600 5 10:31 10:32
118.76 300 1 900 3 1200 4 10:31 14:43
118.75 24700 18 300 2 25000 20 10:25 14:27
118.74 1400 5 1400 5 10:25 10:36
118.73 1000 5 1600 6 2600 11 10:30 14:41
118.72 800 4 1100 5 1900 9 10:28 14:25
118.71 1600 5 1100 6 2700 11 10:36 14:23
118.70 20400 26 900 3 21300 29 10:17 14:09
118.69 800 3 800 3 12:32 12:42
118.69 6800 14 6800 14 10:37 10:57
118.68 900 5 900 5 12:06 14:10
118.68 3155 18 3155 18 10:23 10:59
118.67 1400 8 600 2 2000 10 10:23 11:48
118.66 2000 5 2000 5 11:46 14:10
118.66 1390 9 1390 9 10:21 10:59
118.65 1500 6 1500 6 11:33 12:03
118.65 7100 36 7100 36 10:17 10:57
118.64 1450 11 1100 3 2550 14 10:22 12:03
118.63 1750 15 1750 15 10:37 10:56
118.62 500 2 500 2 11:38 11:45
118.62 2050 14 2050 14 10:37 10:56
118.61 1500 10 300 1 1800 11 10:19 11:38
118.60 3200 18 3200 18 10:16 10:58
118.57 10000 1 10000 1 10:52 10:52
118.50 5 1 5 1 10:15 10:15
------ ------ ----- ------ ----- ------- ----- ----- -----
TOTAL 92105 229 35400 89 127505 318 10:15 15:29
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Parameters of unsatisfied demand and supply of second tier banks in KASE' trade system for the last 5 days (total of valid bids by the time of morning and day trades closing, th. USD)
--------------------------------------------------------------------------- Indicator June 23, 06 June 26, 06 June 27, 06 June 28, 06 June 29, 06 ---------- ----------- ----------- ----------- ----------- ----------- Offer 16,100 6,100 7,500 16,100 47,400 Bid 18,950 9,650 9,400 17,800 6,900 ---------- ----------- ----------- ----------- ----------- ----------- Difference +2,850 +3,550 +1,900 +1,700 -40,500 ---------------------------------------------------------------------------
Traders speculated during the day more active, than during previous one. Abrupt growth of dollar offering volume on KASE at the first part of the day forwards the process. However, tenge did not strengthen its position, as the market met rather strong support from the side of the head bank of the country. This was the circumstance that played decisive role in conjuncture formation at the second part of the day. It turned out that the speculative consistent in behavior of banks' traders - actual market makers clearly appeared. After recognizing inefficiency of short positions, those, who wanted to collapse market in the morning, started to repurchase dollars at KASE day session. As the result, exchange market was closed with the price, exceeding indicator of the morning session (see table 1). At that, the indicator of unsatisfied offering exceeded the corresponding indicator of (table 3), and all actual market makers by results of the day were among net-sellers of American currency.
Thus, the market today undertook unsuccessful attempt to strengthen tenge, and the main result of the day was confirmed inclination of the market to developing of further positional trade. At that, National bank in specific conditions is able to develop this trade.
By the results of the technical analysis, new corridor of consolidation is being formed on the market at present, lower level of which is at 118.70. Trades between 118.70 and 119.90 are more likely in soon coming perspective. At that, influence of growth of oil world price on dollar local market, seemingly, will be compensated by introducing of new system of National fund formation since beginning of July.
[2006-06-29]