U.S. dollar market of Kazakhstan: day results
/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, February 2, 07/ - Following is the table of major indicators of Kazakhstan market of U.S. dollar on 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 11:30-15:30 14:00-17:00
---------------- --------------- --------------
Indicator value trend value trend value trend
---------------------- ------- ------- ------ ------- ------ ------
Opening rate 126.00 +0.20 125.86 -0.29 126.60 +0.44
---------------------- ------- ------- ------ ------- ------ ------
Maximum rate 126.20 -0.05 125.86 -0.37 126.60 +0.43
Volume on max. price 5 0 800 -2200 1000 -2000
---------------------- ------- ------- ------ ------- ------ ------
Minimum rate 125.85 +0.05 125.61 -0.54 125.53 -0.58
Volume on min. price 5 0 400 -800 1700 -300
---------------------- ------- ------- ------ ------- ------ ------
Closing rate 125.90 -0.26 125.63 -0.56 125.53 -0.60
Weight. aver. rate 125.98 -0.20 125.70 -0.48 125.77 -0.37
Session volume (gross) 296875 -94605 21650 -78950 37700 +28700
Session net-turnover 175 995 -180515 16850 -65550 24000 +15500
Number of deals 161 -129 53 -21 40 +30
Number of participants 20 +1 16 +1 11 0
---------------------- ------- ------- ------ ------- ------ ------
Day gross-turnover* 356225 -144855
Day net-turnover* 204245 -139065
---------------------- ------- ------- ------ ------- ------ ------
Best bid** 125.90 -0.26 125.61 -0.57 125.52 -0.60
Best ask** 125.91 -0.26 125.63 -0.57 125.70 -0.44
---------------------- ------- ------- ------ ------- ------ ------
REUTERS Bid** 125.84 -0.22 125.44 -0.64 125.52 -0.50
REUTERS Ask** 125.93 -0.20 125.56 -0.61 125.56 -0.53
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* resulting net-position on each instrument
** at closing of the session on KASE, out of stock exchange - by the data of REUTERS
Table of price levels of trade in US dollar on KASE on TOD terms
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TOTAL BY DAY RESULTS:
Morning United ----------------------------
session: session: time (ALT):
Price -------------- --------------- ------------
level volume deals volume deals volume deals from to
------ ------- ----- -------- ----- ------- ----- ----- -----
126.20 5 1 5 1 10:15 10:15
126.10 2,100 3 2,100 3 10:16 10:19
126.09 815 4 815 4 10:17 10:19
126.08 400 2 400 2 10:20 10:20
126.07 400 1 400 1 10:20 10:20
126.05 7,225 14 7,225 14 10:15 10:26
126.03 2,000 2 2,000 2 10:26 10:26
126.02 21,600 23 21,600 23 10:22 10:34
126.01 7,995 13 7,995 13 10:22 10:39
126.00 99,525 45 99,525 45 10:15 10:44
125.99 100 1 100 1 10:44 10:44
125.98 200 1 200 1 10:48 10:48
125.97 700 4 700 4 10:49 10:55
125.96 43,600 10 43,600 10 10:49 10:56
125.95 69,405 19 69,405 19 10:49 10:57
125.94 10,500 2 10,500 2 10:57 10:57
125.93 5,100 2 5,100 2 10:58 10:58
125.91 7,100 4 7,100 4 10:59 10:59
125.90 18,100 9 18,100 9 10:15 11:00
125.86 800 2 800 2 11:33 11:33
125.85 5 1 5 1 10:15 10:15
125.82 500 1 500 1 11:34 11:34
125.77 500 1 500 1 11:36 11:36
125.75 1000 2 1,000 2 13:04 13:04
125.74 4000 1 4,000 1 14:10 14:10
125.73 100 1 100 1 14:25 14:25
125.72 1000 2 1,000 2 11:38 14:29
125.71 500 2 500 2 12:53 12:53
125.70 3300 6 3,300 6 11:38 14:36
125.68 1100 3 1,100 3 11:51 14:39
125.67 3300 10 3,300 10 11:51 14:39
125.66 950 4 950 4 12:23 14:50
125.65 1250 4 1,250 4 12:26 14:51
125.64 100 1 100 1 14:51 14:51
125.63 2250 8 2,250 8 14:51 15:27
125.62 600 2 600 2 15:12 15:22
125.61 400 3 400 3 15:12 15:22
------ ------- ----- - ----- ----- ------- ----- ----- -----
TOTAL 296,875 161 , 21650 53 318,525 214 10:15 15:27
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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 Jan. 26, 07 Jan. 29, 07 Jan. 30, 07 Jan. 31, 07 Feb. 1, 07 ---------- ----------- ----------- ----------- ----------- ---------- Offer 17,845 25,505 36,440 30,910 102,545 Bid 38,700 54,900 27,390 75,590 11,555 ---------- ----------- ----------- ----------- ----------- ---------- Difference +20,855 +29,395 -9,050 +44,680 -90,990 --------------------------------------------------------------------------
The market today demonstrated a precise orientation to tenge strengthening, at that this vector has notably intensified in the second half of the day (see the table). At an equal in the quantitative terms bank disposition at KASE three leading places on the side of net sellers of the American currency were taken by actual market makers from among STB, and the level of demand monopolization was very high.
The day especially surprised by a high activity of banks on the evening session. The total volume of operations (including trades USD_SPT) has reached $66.7 m. The market closed with a pronounced fall of dollar.
According to the assumption of IRBIS analysts, the deciding influence upon the state of the market today had the effect of a factor yet unaccustomed for us - sale of dollars of nonresidents of Kazakhstan at KASE, for which shares were purchased.
The point is that two days ago at the London stock exchange (LSE) GDR of several Kazakhstan companies quickly moved upwards, for some unknown for IRBIS reasons. This leaded to the forming of a substantial price difference between the London market and KASE for shares of Exploration Production KazMunayGas JSC, Kazkommertsbank JSC and Halyk savings bank of Kazakhstan JSC. This reason today started rapidly reducing due to a sweeping increase at KASE of rates RDGZ, KKGB, HSBK, as well as of а whole series of equity instruments of other companies. However, by day results the entire potential of this regional arbitrage, to all appearances, has not been exhausted.
According to IRBIS specialists, on Monday one can expect fall of the dollar rate in the area 125.55 - 125.65, if, of course, the head bank of the country agrees with such a drastic rate change. Approximately these objectives will give the results of the technical analysis.
[2007-02-02]