U.S. dollar market of Kazakhstan: day results
/IRBIS, Sergey Yakovlev, Andrey Tsaliuk, August 29, 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 125.50 -0.20 126.26 +0.05 - -
---------------------- ------- ------- ------ ------- ------ ------
Maximum rate 126.50 -0.20 126.31 +0.04 - -
Volume on max. price 5 0 2200 +1800 0 -1000
---------------------- ------- ------- ------ ------- ------ ------
Minimum rate 125.50 -0.20 126.26 +0.07 - -
Volume on min. price 5 0 1200 -8900 0 -5000
---------------------- ------- ------- ------ ------- ------ ------
Closing rate 126.25 +0.05 126.30 +0.10 - -
Weight. aver. rate 126.25 +0.20 126.29 +0.07 - -
Session volume (gross) 594515 +230540 117100 +4700 0 -30800
Session net-turnover 527,040 +222375 90000 +23500 0 -24800
Number of deals 217 +85 104 -18 0 -14
Number of participants 22 0 21 +4 0 -9
---------------------- ------- ------- ------ ------- ------ ------
Day gross-turnover* 711615 +235240 0 -30800
Day net-turnover* 548640 +240975 0 -24800
---------------------- ------- ------- ------ ------- ------ ------
Best bid** 126.25 +0.06 126.29 +0.09 - -
Best ask** 126.26 +0.01 126.30 +0.09 - -
---------------------- ------- ------- ------ ------- ------ ------
REUTERS Bid** 126.19 -0.01 126.33 +0.14 126.42 +0.14
REUTERS Ask** 126.24 -0.06 126.41 +0.18 126.50 +0.12
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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
------ ------- ----- ------- ----- ------- ----- ----- -----
126.50 5 1 5 1 10:15 10:15
126.31 2,200 4 2,200 4 13:53 13:54
126.30 32,300 6 40,900 47 73,200 53 10:21 15:29
126.29 24,400 32 24,400 32 11:47 15:27
126.28 2,500 3 45,400 11 47,900 14 10:17 15:15
126.27 2,000 2 3,000 6 5,000 8 10:24 13:05
126.26 8,000 7 1,200 4 9,200 11 10:22 12:15
126.25 411,640 80 411,640 80 10:17 10:59
126.24 67,295 67 67,295 67 10:23 10:57
126.23 42,800 22 42,800 22 10:33 10:48
126.22 21,700 17 21,700 17 10:38 10:41
126.21 1,300 2 1,300 2 10:20 10:39
126.20 10 2 10 2 10:16 10:17
126.18 2,060 3 2,060 3 10:18 10:19
126.16 2,900 4 2,900 4 10:18 10:18
125.50 5 1 5 1 10:15 10:15
------ ------- ----- ------- ----- ------- ----- ----- -----
TOTAL 594,515 217 117,100 104 711,615 321 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)
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Indicator August 23, August 24, August 27, August 28, August 29,
07 07 07 07 07
---------- ---------- ---------- ---------- ---------- ----------
Ask 7,200 24,765 44,405 18,800 61,000
Bid 229,550 302,765 114,775 87,800 208,705
---------- ---------- ---------- ---------- ---------- ----------
Difference +222,350 +278,000 +70,370 +69,000 +147,705
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Based on the day results, it is possible to say that the market continues to confidently strengthen the positions of American currency.
As the main reasons, the dealers of banks name the high clients' demand for dollar, and also technical problems on market of currency in cash. As a result of these problems, the inflow of cash dollar through custom house in Almaty has been interrupted. The city, according to dealers, "was left without the currency". Quotations in the exchange offices have grown significantly. That has roused agiotage in population and formed an additional demand on KASE.
The IRBIS analysts add to all above a considerable inflow on the market from the side of National Bank. Trades talk about activity of this participant on repo market. Moreover, during the last days, National Bank has been buying up big volumes of its notes from the banks, also adding tenge liquidity. Judging from that the demand for dollar that has grown today have been fed from these money.
The fall in the level of monopolization of USD offer on KASE and banks' disposition on exchange's trades should be added to the peculiarities of the day. It is the second day that the disposition is modifying towards a numerical parity among net-buyers and net-sellers. Today, even one of the actual market makers has turned to be in the camp of net-sellers as of the day results. All of that, in IRBIS opinion, witnesses the slow saturation of the local dollar market.
IRBIS does not anticipate changes on Sunday. The market will look up although the National Bank has bought a considerable part of its bonds, the retirement of which is planned on Friday at the volume of more than KZT240.8 bn. The dollar exchange rate will move up with the speed regulated by the National Bank.
[2007-08-29]