U.S. dollar market of Kazakhstan: day results
/IRBIS, Sergey Yakovlev, Andrey Tsalyuk June 25, 04/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (over 99% of country's foreign exchange 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 trading 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 136.90 +0.61 136.52 +0.20 - -
---------------------- -------- ------- ------ ----- ------ -----
Maximum rate 136.90 +0.59 136.65 +0.21 - -
Volume on max. Price 5 -300 3110 +2910 0 0
---------------------- -------- ------- ------ ----- ------ -----
Minimum rate 136.30 +0.04 136.51 +0.21 - -
volume on min. Price 5 -75 600 +450 0 0
---------------------- -------- ------- ------ ----- ------ -----
Closing rate 136.51 +0.20 136.65 +0.25 - -
---------------------- -------- ------- ------ ----- ------ -----
Weight. aver. rate 136.53 +0.24 136.59 +0.24 - -
Volume of the session 14535 +6825 9905 +5455 0 0
Number of deals 139 +30 67 +39 0 0
Number of participants 19 +2 17 +6 0 0
---------------------- -------- ------- ------ ----- ------ -----
Best ask* 136.50 +0.21 136.64 +0.26 - -
Best bid* 136.51 +0.21 136.65 +0.22 - -
---------------------- -------- ------- ------ ----- ------ -----
REUTERS Bid* 136.49 +0.23 136.52 +0.14 136.55 +0.15
REUTERS Ask* 136.56 +0.20 136.62 +0.14 136.65 +0.15
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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
------ ------ ----- ------ ----- ------- ----- ----- -----
136.90 5 1 5 1 10:15 10:15
136.65 3110 22 3110 22 15:04 15:29
136.64 600 4 600 4 14:54 15:20
136.62 300 2 300 2 14:54 15:17
136.61 100 1 100 1 14:52 14:52
136.58 1285 11 300 1 1585 12 10:42 14:49
136.57 310 5 1100 7 1410 12 10:41 14:48
136.56 50 1 950 6 1000 7 10:40 14:38
136.55 1060 12 1145 7 2205 19 10:16 14:23
136.54 400 2 400 4 800 6 10:38 14:06
136.53 400 4 700 5 1100 9 10:39 12:51
136.52 9330 63 600 3 9930 66 10:25 12:51
136.51 710 7 600 5 1310 12 10:47 12:54
136.50 345 13 345 13 10:16 10:49
136.49 610 14 610 14 10:19 10:48
136.48 10 2 10 2 10:18 10:37
136.47 10 2 10 2 10:33 10:36
136.46 5 1 5 1 10:34 10:34
136.30 5 1 5 1 10:15 10:15
------ ------ ----- ------ ----- ------- ----- ----- -----
TOTAL 14535 139 9905 67 24440 206 10:15 15:29
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Parameters of unsatisfied demand and supply at trading system of KASE for the last 5 days (the amount of valid bids by the time of morning and day trades closed, th. USD)
--------------------------------------------------------------------------- Indicator June 21, 04 June 22, 04 June 23, 04 June 24, 04 June 25, 04 ---------- ----------- ----------- ----------- ----------- ----------- Bid 2,955 10,605 5,815 9,990 5,720 Ask 3,450 3,275 3,615 5,800 5,085 ---------- ----------- ----------- ----------- ----------- ----------- Difference +495 -7,330 -2,200 -4,190 -635 ---------------------------------------------------------------------------
The dollar market still maintains correctional price setback. Feature of the day is high demand submitted by banks at the main session and its unchanged parameters in evening. No significant changes were registered at the market conditions. Traditional leaders submitted largest demand and supply volumes. By results of technical analysis resistance and support levels did not change their parameters. It is likely they would remain stable farther.
Traders outlook on dollar looks traditional. Everybody expects inflow of export proceeds and funds from external borrowings. However, this inflow is time limited that may allow speculative traders to rise rate up to 137.10 and to test it at 137.50.
Thus, global trend in favor to tenge strengthening and all fundamental factors working in the same direction could support dollar growth. As a result demand for dollar could rise especially at sufficient liquidity level of banks. Current level of dollar supply is insufficient to satisfy growing demand. This growth supports dollar in the framework of correctional price increase.
IRBIS forecast on Monday - attempts to move market on higher levels of correctional trend. Potentially market is ready for testing at 137.10.
[2004-06-25]