/IRBIS, Sergey Yakovlev, May 27, 05/ - 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                                132.24   +0.54
Maximum rate                                          132.50       0
Volume at maximum price                                    5       0
Minimum rate                                          132.20   +0.50
Volume at minimum price                                  305    +300
Rate of the last deal                                 132.39   +0.04
----------------------------------------------------  ------  ------
Weighted average rate                                 132.27   -0.04
Volume of the session                                 12,830  -2,445
----------------------------------------------------  ------  ------
Number of deals                                          110     -17
Number of participants                                    20      +1
Volume of unsatisfied offer*                             795    +395
Volume of unsatisfied demand*                          8,590     +30
Best demand at KASE at closing                        132.37   +0.04
Best offer at KASE at closing                         132.40   +0.06
----------------------------------------------------  ------  ------
Best demand at 11:00 out of stock exchange (REUTERS)       -       X
Best offer at 11:00 at stock exchange (REUTERS)            -       X
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*volume of corresponding active bids of STB 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
------  -------  --------  -----  -----
132.50        5         1  10:40  10:40
132.40       50         1  10:55  10:55
132.39     1205         5  10:58  10:59
132.38      560         5  10:57  10:59
132.37      250         2  10:54  10:59
132.30      100         2  10:52  10:52
132.29       50         1  10:51  10:51
132.28      455         9  10:19  10:50
132.27      975        12  10:39  10:51
132.26     1450        14  10:17  10:49
132.25     3835        36  10:25  10:38
132.24      660         4  10:16  10:35
132.23     1825         9  10:22  10:34
132.22      505         2  10:28  10:28
132.21      600         2  10:27  10:30
132.20      305         5  10:19  10:29
------  -------  --------  -----  -----
TOTAL     12830       110  10:16  10:59
---------------------------------------

Market's conjuncture has not changed considerably. Traders again tested market's abilities to go on growing, but not so actively. Market's current conjuncture was determined by the positional trade and low offer volume. So tactics of STB, most probably, was based on profit protection more that was the reason of intensive positional trade on isolated levels. Results of the session show that second tier banks' demand for USD is still low, although during the session it had some priority over offer. As the whole it's possible to say that STB continue to speculate with USD offer.

Results of technical analysis have not changed and still say about formation of u-turn.

At the day trades of KASE at 12:30 p.m. dollar was quoted at 132.66/72, the last deal was made at 132.68.

[2005-05-27]