U.S. dollar market of Kazakhstan: day results

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, December 4, 06/ - Following is the table of major indicators of Kazakhstan market of U.S. dollar on 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) ---------------------------------------------------------------------- Instrument USD TOD USD TOD USD TOM KASE's session Morning Day Evening Time 10:15-11:00 ALT 11:30-15:30 14:00-17:00 --------------- -------------- ------------- Indicator value trend value trend value trend ---------------------- ------ ------- ------ ------ ------ ----- Opening rate 127.50 -0.46 127.92 -0.01 - - ---------------------- ------ ------- ------ ------ ------ ----- Maximum rate 127.96 -0.02 127.92 -0.05 - - Volume on max. price 5 0 1100 -300 0 0 ---------------------- ------ ------- ------ ------ ------ ----- Minimum rate 127.50 -0.15 127.88 -0.03 - - volume on min. price 5 0 12000 +11900 0 0 ---------------------- ------ ------- ------ ------ ------ ----- Closing rate 127.93 -0.02 127.91 -0.05 - - Weight. aver. rate 127.93 -0.02 127.90 -0.05 - - Volume of the session 197365 -167955 49800 +26800 0 0 Number of deals 124 -70 94 +57 0 0 Number of participants 20 0 18 +2 1 +1 ---------------------- ------ ------- ------ ------ ------ ----- Best bid* 127.92 -0.02 127.89 -0.06 127.86 - Best ask* 127.93 -0.02 127.90 -0.06 127.90 - ---------------------- ------ ------- ------ ------ ------ ----- REUTERS Bid* 127.89 -0.03 127.86 -0.07 127.88 -0.05 REUTERS Ask* 127.94 -0.02 127.92 -0.05 127.89 -0.08 ---------------------------------------------------------------------- * at closing of the session on KASE, out of stock exchange - by the data of REUTERS Table of price levels of trade in US dollar on KASE on TOM terms ------------------------------------------------------------------- TOTAL BY DAY RESULTS: Morning United ---------------------------- session: session: time (ALT): Price -------------- ------------- ------------ level volume deals volume deals volume deals from to ------ ------- ----- ------ ----- ------- ----- ----- ----- 127.96 5 1 5 1 10:15 10:15 127.94 8,810 13 8,810 13 10:16 10:38 127.93 188,545 109 188,545 109 10:17 10:59 127.92 1100 3 1,100 3 11:34 14:15 127.91 3500 11 3,500 11 11:39 15:29 127.90 31300 58 31,300 58 11:42 15:29 127.89 1900 5 1,900 5 11:42 14:55 127.88 12000 17 12,000 17 11:42 14:58 127.50 5 1 5 1 10:15 10:15 ------ ------- ----- ------ ----- ------- ----- ----- ----- TOTAL 197,365 124 49800 94 247,165 218 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 Nov. 28, 06 Nov. 29, 06 Nov. 30, 06 Dec. 1, 06 Dec. 4, 06 ---------- ----------- ----------- ----------- ---------- ---------- Offer 33,820 27,800 97,200 62,500 49,085 Bid 39,610 50,300 15,120 47,795 16,305 ---------- ----------- ----------- ----------- ---------- ---------- Difference +5,790 +22,500 -82,080 -14,705 -32,780 ------------------------------------------------------------------------- Total net position of participants in exchange trades of USD_TOD instrument by day results on KASE totaled $162,200. th., and turned out to be 1.5.1times less than the corresponding gross indicator ($247,165.0 th.). Comparable data of the previous day - $185,300.0 th., 2.1 times, $388,320.0 th. The market strived for tenge strengthening owing to rather weak demand from the side of STB, which dropped down because of temporary problems of banks with short-term liquidity (small and medium enterprises pay currently taxes). However, borders of USD prices consolidation channel is previously being controlled by the head bank of the country, as a result the potential of tenge seems to be restricted to further strengthening. The level of monopolization of the demand today was very high. Banks' disposition on KASE in terms of quantity was balanced, however, actual market makers out of the number of STB were in the camp of USD net-sellers by day results (to say more precisely, three out of four, as one of them resulted with zero position). IRBIS analysts do not exclude the possibility of market move toward floor position of the consolidation corridor at 128.80. However, it is too early to talk about coming over the stage with big volume of supply. [2006-12-04]