U.S. dollar market of Kazakhstan: day results

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, July 21, 06/ - Following is the table of major indicators of Kazakhstan market of U.S. dollar by the day results. The rate is given in tenge per dollar, volume - th. USD. Trends are shown relative to corresponding figures of previous trading day. Results of trades on Kazakhstan stock exchange (KASE) --------------------------------------------------------------------- USD TOD USD TOD USD TOM Instrument Morning Day Evening KASE's session 10:15-11:00 ALT 11:30-16:00 14:00-17:00 Time --------------- ------------- ------------- Indicator value trend value trend value trend ---------------------- ------- ------ ------ ----- ------ ----- Opening rate 117.00 -0.36 117.35 +0.14 - - ---------------------- ------- ------ ------ ----- ------ ----- Maximum rate 117.31 -0.05 117.59 +0.37 - - Volume on max. price 5 0 1200 +900 0 0 ---------------------- ------- ------ ------ ----- ------ ----- Minimum rate 117.00 -0.20 117.35 +0.55 - - volume on min. price 650 -1350 1300 -100 0 0 ---------------------- ------- ------ ------ ----- ------ ----- Closing rate 117.28 +0.06 117.59 +0.69 - - Weight. aver. rate 117.25 -0.04 117.51 +0.59 - - Volume of the session 54090 -3670 40900 -8450 0 0 Number of deals 154 +18 101 +9 0 0 Number of participants 18 -2 18 +1 0 -1 ---------------------- ------- ------ ------ ----- ------ ----- Best bid* 117.25 +0.04 117.55 +0.67 - - Best ask* 117.29 +0.05 117.60 +0.66 - - ---------------------- ------- ------ ------ ----- ------ ----- REUTERS Bid* 117.24 +0.04 117.39 +0.55 117.54 +0.77 REUTERS Ask* 117.27 +0.02 117.52 +0.63 117.57 +0.65 --------------------------------------------------------------------- * at closing of the session on KASE, out of stock exchange - by the data of REUTERS Table of price levels of trading in US dollar on KASE on TOD terms ------------------------------------------------------------------ Total by results of the day: Morning Day ---------------------------- session: session: time (ALT): Price ------------- ------------- ------------ level volume deals volume deals volume deals from to ------ ------ ----- ------ ----- ------- ----- ----- ----- 117.59 1200 5 1200 5 12:42 15:29 117.58 1000 1 1000 1 15:29 15:29 117.57 1200 4 1200 4 12:40 15:27 117.56 2100 5 2100 5 12:40 15:25 117.55 14600 17 14600 17 12:13 15:24 117.54 4000 13 4000 13 12:13 14:41 117.53 1100 10 1100 10 12:25 14:41 117.52 1000 4 1000 4 12:13 15:06 117.51 500 1 500 1 14:53 14:53 117.50 2300 7 2300 7 12:11 14:35 117.49 900 2 900 2 12:11 13:07 117.48 500 1 500 1 13:44 13:44 117.45 2900 12 2900 12 11:54 14:15 117.43 400 1 400 1 11:40 11:40 117.42 1300 5 1300 5 11:40 14:18 117.41 1300 2 1300 2 14:15 14:15 117.40 1300 4 1300 4 11:36 14:15 117.39 500 2 500 2 11:34 12:04 117.38 1500 3 1500 3 11:34 14:15 117.35 1300 2 1300 2 11:31 14:16 117.31 5 1 5 1 10:35 10:35 117.30 7565 29 7565 29 10:35 10:37 117.29 2495 10 2495 10 10:35 10:46 117.28 6315 7 6315 7 10:44 10:59 117.27 9435 15 9435 15 10:33 10:58 117.26 5400 11 5400 11 10:44 10:59 117.25 7600 37 7600 37 10:32 10:59 117.24 3600 6 3600 6 10:55 10:56 117.23 500 1 500 1 10:55 10:55 117.22 500 2 500 2 10:55 10:55 117.21 500 5 500 5 10:55 10:55 117.20 5650 6 5650 6 10:31 10:56 117.19 75 3 75 3 10:30 10:31 117.15 800 3 800 3 10:29 10:55 117.12 500 2 500 2 10:24 10:27 117.10 300 3 300 3 10:15 10:27 117.09 900 3 900 3 10:21 10:25 117.08 900 3 900 3 10:21 10:28 117.07 200 1 200 1 10:25 10:25 117.06 200 2 200 2 10:25 10:25 117.00 650 4 650 4 10:15 10:16 ------ ------ ----- ------ ----- ------- ----- ----- ----- TOTAL 54090 154 40900 101 94990 255 10:15 15:29 ------------------------------------------------------------------ Parameters of unsatisfied demand and supply of second tier banks in KASE' trade system for the last 5 days (total of valid bids by the time of morning and day trades closing, th. USD) --------------------------------------------------------------------------- Indicator July 17, 06 July 18, 06 July 19, 06 July 20, 06 July 21, 06 ---------- ----------- ----------- ----------- ----------- ----------- Offer 13,900 10,500 19,495 22,995 10,150 Bid 5,700 9,500 6,405 3,605 22,700 ---------- ----------- ----------- ----------- ----------- ----------- Difference -8,200 -1,000 -13,090 -19,390 +12,550 --------------------------------------------------------------------------- The day was contributed to regular dollar rate's correction movement upwards after reselling of USD the day before. Dynamics of repo rates "overnight" on KASE demonstrates that on Wednesday and Thursday banks (or their clients) met shortage of tenge liquidity, while conducting budget payments. It resulted in growth of USD offerings volume on KASE. Judging on demand volume when offering of National bank's notes, this fact was affecting the market today before afternoon. However, in the second half of the day after redeeming notes, repo rates went down abruptly on the stock exchange. Purchase capacity of banks increased on currency floor, that meaningfully supported dollar correction movement. Results of banks disposition analysis on KASE, resuming the day, are liable to confirm privilege position of USD net purchasers over net sellers. At that, three out of four actual market makers was working in the first camp. All above-said allowed the head bank of the country not to interfere into situation on dollar exchange market practically, as STBs were restabling their currency positions. Thus, it was observed dependence of the rate on positions of speculatively adjusted traders at the market today. It is possible to predict development of correction within first two or three coming weeks. [2006-07-21]