U.S. dollar market of Kazakhstan: day results
/IRBIS, November 24, 03/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (more than 99% of country's all currency market) according to results of the day. Values are given in tenge per dollar, volume - th. USD, trends are shown relative to corresponding figures of previous day.
Results of trades at Kazakhstan stock exchange
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Instrument USD TOD USD TOD USD TOM
KASE's session Main Additional Additional
(morning) (day) (evening)
Time 10:15 - 11:00 ALT 11:30-15:30 14:00-18:00
----------------- ------------- -------------
Indicator value trend Value trend value trend
---------------------- -------- ------- ------ ----- ------ -----
Opening rate 146.15 +0.15 146.65 +0.35 - -
---------------------- -------- ------- ------ ----- ------ -----
Maximum rate 146.70 +0.41 146.70 +0.24 - -
Volume on max. price 5 -10 800 +300 0 0
---------------------- -------- ------- ------ ----- ------ -----
Minimum rate 146.00 0 146.59 +0.36 - -
volume on min. price 5 -500 300 -100 0 0
---------------------- -------- ------- ------ ----- ------ -----
Closing rate 146.60 +0.33 146.69 +0.23 - -
---------------------- -------- ------- ------ ----- ------ -----
Weight. aver. rate 146.55 +0.40 146.66 +0.32 - -
Volume of the session 21920 +19110 5600 -550 0 0
Number of deals 117 +85 28 -16 0 0
Number of participants 17 +2 13 -3 0 0
---------------------- -------- ------- ------ ----- ------ -----
Best ask* 146.59 +0.32 146.66 +0.26 - -
Best bid* 146.60 +0.30 146.70 +0.24 - -
---------------------- -------- ------- ------ ----- ------ -----
REUTERS Bid* 146.62 +0.39 146.63 +0.22 146.69 +0.25
REUTERS Ask* 146.72 +0.39 146.73 +0.22 146.74 +0.20
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* at closing of the session at KASE, out of stock exchange - by the data of
REUTERS
Table of price levels of trade in US dollar at 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
------ ------ ----- ------ ----- ------- ----- ----- -----
146.70 5 1 800 2 805 3 10:15 15:21
146.69 1200 9 1200 9 15:16 15:30
146.68 300 1 300 1 14:37 14:37
146.66 1000 4 1000 4 14:36 15:04
146.65 600 3 600 3 11:33 14:36
146.64 650 3 650 3 11:55 14:29
146.63 150 2 150 2 14:21 14:21
146.61 600 2 600 2 11:57 11:58
146.60 2950 10 2950 10 10:54 11:00
146.59 595 9 300 2 895 11 10:58 12:53
146.58 2400 7 2400 7 10:51 10:58
146.57 1800 5 1800 5 10:50 10:51
146.56 1850 18 1850 18 10:46 10:50
146.55 10150 41 10150 41 10:37 10:48
146.54 100 1 100 1 10:43 10:43
146.53 50 1 50 1 10:43 10:43
146.52 150 2 150 2 10:43 10:44
146.51 100 2 100 2 10:43 10:43
146.50 1000 4 1000 4 10:37 10:43
146.49 50 1 50 1 10:43 10:43
146.48 50 1 50 1 10:43 10:43
146.40 5 1 5 1 10:16 10:16
146.35 355 5 355 5 10:18 10:29
146.30 300 6 300 6 10:18 10:21
146.15 5 1 5 1 10:15 10:15
146.00 5 1 5 1 10:15 10:15
------ ------ ----- ------ ----- ------- ----- ----- -----
TOTAL 21920 117 5600 28 27520 145 10:15 15:30
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At Kazakhstan market of US dollar USD was strengthening its positions during the whole day due to strong demand of most second tier banks. Volume of trades in dollar at KASE has increased more than three times as much relative to yesterday. And it was formed by demand. It's notable that group of net-buyers of USD at KASE comprised several banks, which were traditional suppliers of dollar at the exchange's floor. Degree of offer monopolization was very high.
Excessive short-term liquidity of the banking sector, which appeared after ending of budget payments, came to the currency market, where dollar was not evenly oversold under the influence of psychological factors, and now its rate works out correcting movement upward. Judging on results of the day there appears impression that speculative factor significantly influences upon market's conjuncture. In KASE's repo sector banks borrow big volumes of tenge at rather low prices that plays not the last role in the formation of demand for dollars.
Nevertheless, analysts of IRBIS do not overestimate the correction, which has started taking shape, which is hardly able to become even a short-term pronounced trend. Objective factors, which promote to growth of dollar's rate relative to tenge in the mid-term outlook do not exist.
Parameters of unsatisfied demand and supply at trading system of KASE for the 5 past days (the amount of active bids by the time of morning and day trades closed, USD ths. )
---------------------------------------------------------------------- Indicator Nov 18, 03 Nov 19, 03 Nov 20, 03 Nov 21, 03 Nov 24, 03 ---------- ---------- ---------- ---------- ---------- ---------- Bid 3,700 3,495 5,520 1,450 12,200 Ask 10,910 4,005 3,350 6,180 10,705 ---------- ---------- ---------- ---------- ---------- ---------- Difference +7,210 +510 -2,170 4,730 -1,495 ----------------------------------------------------------------------
Forecast of IRBIS for Tusday - further growth of dollar's rate, but not so quick as it was today. Maybe traders will start closing long positions on that day.
[2003-11-24]