Growth of USD offer volume did not cause adequate strengthening of tenge, resistance to market's falling increases
/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, January 28, 04/ - Today the next morning trades in U.S. dollar were held at Kazakhstan Stock Exchange (KASE) on TOD payment terms. Below are main parameters of the trade and comparison with corresponding indicators of previous morning session.
Table of trade results (tenge per dollar, th. dollars)
--------------------------------------------------------------------- Indicator Value Trend ---------------------------------------------------- ------ ------- Rate of the first deal 139.40 0 Maximum rate 139.50 -0.50 Volume at maximum price 5 0 Minimum rate 139.39 -0.01 Volume at minimum price 5 0 Rate of the last deal 139.40 -0.18 ---------------------------------------------------- ------ ------- Weighted average rate 139.40 -0.13 Volume of the session 34,055 +24,355 ---------------------------------------------------- ------ ------- Number of deals 109 +10 Number of participants 16 -3 Volume of unsatisfactory offer* 2,935 +2,155 Volume of unsatisfactory demand* 4,795 +795 Best demand at KASE at closing 139.40 -0.16 Best offer at KASE at closing 139.41 -0.17 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 139.35 -0.20 Best offer at 11:00 at stock exchange (REUTERS) 139.42 -0.18 --------------------------------------------------------------------- *volume of corresponding active bids in the trade system at closing of the trade
Table of trade price levels
---------------------------------------
Time (ALT)
Price Volume, Number ------------
level th. USD of deals from to
------ ------- -------- ----- -----
139.50 5 1 10:15 10:15
139.42 500 5 10:36 10:36
139.41 1300 5 10:23 10:45
139.40 32245 97 10:15 10:59
139.39 5 1 10:16 10:16
------ ------- -------- ----- -----
TOTAL 34055 109 10:15 10:59
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Resistance to further quick falling of dollar's rate increases despite the significant growth of USD offer volume from several leading operators of the market. Nevertheless, it's too early to say about formation of a firm turning of even a short-term trend of dollar's rate.
One hour after closing of the morning session out of stock exchange dollar was quoted at KZT139.41/46, one hour and a half later - 139.38/48. At the day trades of KASE at 12:25 p.m. dollar was quoted at 139.43/48, the last deal was made at 139.47.
[2004-01-28]