Repo at KASE: day results
/IRBIS, Ranida Gabdeyeva, March 18, 05/ - Today at Kazakhstan Stock Exchange (KASE) 132 deals were concluded at the repo floors (including automatic repo sector) for a total amount of KZT25,326.5 m. Results of trades are given in the table. Repo opening transactions, which are made only through open-trade method, are marked with asterisk.
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Repo rate, % APR
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Type of Calendar weighted average Volume
repo terms, ------------------ KZT Number
deal days min max nominal effective m. of deals
--------- -------- ----- ----- ------- --------- -------- --------
Open 1 0.10 2.40 1.14 1.15 8,437.0 45
Open* 5 0.30 1.00 0.80 0.80 2,242.0 11
Open* 7 1.50 1.80 1.79 1.80 4,150.0 6
Open* 28 1.90 2.20 1.92 1.94 54.0 5
Open 31 7.99 10.01 8.58 8.92 828.4 7
--------- -------- ----- ----- ------- --------- -------- --------
Subtotal: , , , , , 15,711.4 74
--------- -------- ----- ----- ------- --------- -------- --------
Close 1 0.10 0.55 0.38 0.38 5,651.1 32
Close 2 0.15 1.00 0.86 0.86 600.0 2
Close 7 1.00 8.40 6.75 7.03 672.9 6
Close 14 2.00 6.00 2.38 2.41 2,212.0 2
Close 18 3.00 3.00 3.00 3.04 220.4 1
Close 25 3.00 3.00 3.00 3.04 3.3 1
Close 28 1.80 8.00 2.99 3.06 130.3 7
Close 29 8.50 11.08 10.49 11.02 113.4 5
Close 30 7.75 7.75 7.75 8.03 10.1 1
Close 315 13.00 13.00 13.00 13.00 1.7 1
--------- -------- ----- ----- ------- --------- -------- --------
Subtotal: 9,615.1 58
--------- -------- ----- ----- ------- --------- -------- --------
TOTAL: 25,326.5 132
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By open trades method (in automatic repo sector) volume of 109 deals totaled KZT22,391.8m. including 66 (KZT14,083.0 m.) repo opening deals and 43 repo closing (KZT8,308.8 m.). Indicator TONIA according to trades results totaled 1.25 and increased compared to last trading day by 0.87.
Dynamics of repo rates (on repo opening deals with comparable maturities) is characterized by following indicators:
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Term calendar Today Previous day
days rate, % APR rate, % APR Trend
------------- ----------- ------------ -----
1 1.14 0.38 +0.76
7 1.79 1.25 +0.53
28 1.92 1.89 +0.03
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Positions of major categories of participants in the market of repo were as follows (based on net positions of opening transactions; in volumes "+" - borrowing. "-" - lending; trends in percents relative to previous trading day).
Pension system entities: +591.6% (-KZT8,036.0 m), 11 participants.
Second tier banks (STB):
- +KZT14,724.0 m. (borrowing 11 banks), -KZT5,196.0 m. (lending 6 banks);
- in direct deals on GS net position was +KZT800.0; in open trade market (autorepo sector) + KZT8,728.0 m.;
- resulting balance totaled +KZT9,528.0 m. (on previous day it was equal to +KZT2,263.0 m.).
National Bank did not change its participation stake today working for borrowing money as usual. National banks counterparties' included pension asset managers, second-tier banks and its clients. Overnight repurchase agreement was used as liquidity regulation tool.
[2005-03-18]