/IRBIS, Natalya Horoshevskaya, Andrey Tsalyuk, August 17, 07/ - In July
2007, 2.221 deals were registered in shares in all sectors, including deals,
made on the special trading floor of the regional financial center of Almaty
(STF RFCA) on Kazakhstan stock exchange (KASE) for a total of
KZT63,611.2 m. or $521.3 m. at the current exchange rate on dates, on
which deals were made.
The specified amount is 66.1% of the month turnover of the market of
corporate securities on KASE (in June - 92.0%) and 1.9% of the entire
month exchange turnover (8.3%).
Statistic characteristic of shares market on KASE in July and June of year 2007
---------------------------------------------------------------------------
Month:
--------------------- Trend
July June July 2007
Indicator 2007 2007 to June 2007
---------------------------------------- --------- ----------- ------------
Trades volume, th. USD 521,253.6 2,931,026.5 -82.2%
Trades volume, m KZT 63,611.2 358,494.9 -82.3%
Including on offerings, th. USD - - Х
including on offerings, m. KZT - - Х
including on STF RFCA, th. USD 326.3 205.1 +59.1%
including on STF RFCA, m. KZT 39.9 25.1 +59.0%
Number of deals 2,221 2,090 +6.3%
Number of instruments, involved in deals 51 49 +4.1%
Stake of nego deals (number), % 2.5 4.2 -1.6,pp
Stake of nego deals (volume), % 11.0 2.9 +8.1,pp
Part of pension assets, % on gross 6.1 1.3 +4.8,pp
Part of physical entities, % on gross 26.3 42.4 -16.0,pp
Number of exchange's members, 57 54 +5.6%
who made deals
Market concentration, %* 58.5 77.4 -18.9,pp
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* it is specified percentage out of the entire shares turnover, which
is numbered by most traded securities (their number is 5% out of
the total number of share denominations, included in traded lists of KASE)
It is possible to designate the most important events of July in the given
market sector as follows: offer of common shares of Alliance Bank JSC the
form of GDR on LSE, and also the announcement by ATFBank JSC about
the upcoming conversion of its preferred stocks into common ones. SPO of
ATFBank JSC on LSE was considered as one of the most unsuccessful
offerings of Kazakhstan companies, as it was held on the lowest price
frontier of offer with a subsequent remarkable downward trend.
In both cases, the mentioned events has led fall of prices of the
corresponding financial instruments. The common shares of Alliance Bank
JSC have fallen in price on KASE since the middle of July by 16.7%.
Following the decrease of GDR rate, the prices on the preferred shares of
ATFBank, ATFBp and ATFBp8 has fallen by 26,1% and 22,2% respectively
over the month. They approached the declared terms of conversion.
It is needed to notice that the first event was preceded by big pseudo-market
transactions with shares of Alliance Bank on KASE. Exactly due to these
deals, the shares turnover in June on KASE occurred to be irregularly high,
and exactly because of this July reflected such a considerable decrease in
turnover.
In whole, by results of July, growth of average weighted day prices was
shown by 43% of shares' names, involved into deals, 45% - decrease, 2% -
rate remind unchanged, 10% of securities was nothing to compare with.
Corresponding indicators of June were slightly worse: 52%, 23%, 8% and
17%.
The KASE_Shares index spent July at the level higher than 2,700, having
made a leap to a new historical maximum in the middle of the month -
2,876.17 points. Overall, the behavior of the index reflected the price
dynamics on the shares market; at the same time, price parameters of the
common stocks of Exploration Production KazMunayGas JSC , Bank
TuranAlem JSC, Kazkommertsbank JSC, Halyk saving bank of Kazakhstan
(whose total stake in the index's basket makes more than 50%) have
increased by 11.10%, 10.1%, 3.0% and 3.7% respectively.
However, the last decade of the described month has passed under the
influence of expanding global crisis of liquidity, provoked by events on the
mortgage market of the U.S. KASE_Shares index decisively rushed down
following the quotes of shares of Kazakhstan banks, whose life, in opinion of
some analysts, can be seriously complicated. Eventually, the month closed
with negative forecasts and falling of almost all world's indexes that are
somewhat known.
Below are given the tables, characterizing the shares market of KASE in the
analyzed month more fully.
Changes in list of shares, traded on KASE,
in July 2007
---------------------------------------------------
Shares: Issuers:
Category of ------------ Instruments ------------
admission number trend number trend number trend
------------ ------ ----- ------ ----- ------ -----
A 48 0 48 0 32 0
B 48 +1 48 +1 39 +1
------------ ------ ----- ------ ----- ------ -----
A+B 96 +1 96 +1 70 +1
------------ ------ ----- ------ ----- ------ -----
N 5 0 5 0 5 0
A+B+N 101 +1 101 +1 74 +1
------------ ------ ----- ------ ----- ------ -----
C (STF RFCA) 18 0 18 0 10 0
A+B+C+N 101 +1 119 +1 74 +1
---------------------------------------------------
Notes: "A", "B" - categories of the official list of KASE;
"C" - the category of the official list of the special trading floor of the
regional financial center of Almaty (STF RFCA); "А+В" - the official list
of KASE; "А+В+N" - the main trading floor of KASE; "A+B+C+N" - totally on KASE,
including STF RFCA; in connection with launching STF RFCA, within a
security (share) of one denomination two exchange instruments can go with,
which are different with the trading code, conditions of trades performance
and of payment completion.
Changes of KASE_Shares for different periods
to the moment of trades' closing on June 29, 2007 (basis actual/365)
-----------------------------------------------------
Change:
-------------
Period % % APR
--------------------------------------- ------ ------
For previous 30 days +0.3 +3.7
Since the beginning of the current year +12.0 +20.8
(since January 1, 07)
For the last 365 days (year) +62.6 +62.6
For year 2006 +274.1 +274.1
Since the beginning of year 2005 +318.9 +202.1
-----------------------------------------------------
Main indicators of exchange market of purchase and sales of shares
in June of year 2007
-------------------------------------------------------------------
Market ca- Volume of Volume of Number of
pitalization, Index deals, deals, deals
Data m. USD KASE_Shares th. USD m. KZT
----------- ------------- ----------- --------- --------- ---------
June 29, 07 67,421.8 2,699.89 394,239.9 48,219.5 77
July 2, 07 66,843.4 2,684.65 30,688.0 3,736.9 59
July 3, 07 67,577.7 2,678.49 28,549.5 3,479.3 77
July 4, 07 67,900.7 2,718.07 12,850.0 1,564.1 86
July 5, 07 67,977.6 2,730.71 49,948.1 6,087.7 90
July 6, 07 68,436.1 2,716.69 38,387.5 4,676.4 80
July 9, 07 68,815.6 2,717.62 2,012.2 245.2 57
July 10, 07 68,889.6 2,755.92 29,503.2 3,594.4 122
July 11, 07 69,126.4 2,746.78 23,068.5 2,795.7 108
July 12, 07 67,434.6 2,754.63 32,979.5 4,011.0 113
July 13, 07 69,871.0 2,846.63 12,129.2 1,479.6 139
July 16, 07 69,980.5 2,818.42 21,025.4 2,564.7 84
July 17, 07 69,596.4 2,876.17 10,378.5 1,262.8 138
July 18, 07 68,958.6 2,799.69 15,116.7 1,841.7 137
July 19, 07 69,573.5 2,855.78 19,725.8 2,407.9 94
July 20, 07 68,283.4 2,830.33 41,908.2 5,114.1 130
July 23, 07 68,034.0 2,759.50 6,130.1 747.8 42
July 24, 07 67,458.5 2,699.94 42,908.5 5,260.2 84
July 25, 07 69,038.7 2,776.03 6,498.0 795.0 120
July 26, 07 66,247.0 2,782.68 13,077.6 1,605.5 157
July 27, 07 67,736.7 2,740.39 13,981.2 1,721.9 84
July 30, 07 66,927.6 2,686.76 5,241.2 647.9 69
July 31, 07 67,375.5 2,708.14 7,654.8 946.0 86
----------- ------------- ----------- --------- --------- ---------
Trend -46.3 +8.3
% -0.1 +0.3
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Results of trades in shares on KASE in July 2007 in purchase and sales sector
(including nego deals)
-------------------------------------------------------------------------------------
Price, tenge per share:
-------------------------------------------------------------
on last deal for last 365 days: Volume Num-
------------ --------------------- of deals, ber
Shares trend th. de-
code min. max. price % min. max. USD als
------- ---------- ---------- ---------- ------ ---------- ---------- --------- -----
aATFB 11,270.00 11,270.00 11,270.00 11,270.00 11,270.00 27.5 1
aATFBp 4,600.00 5,217.39 4,600.00 -18.4 4,600.00 5,750.00 55.1 2
aATFBp8 4,900.00 4,900.00 4,900.00 -2.0 3,750.00 5,865.00 26.7 1
aHSBK 650.00 650.00 650.00 650.00 650.00 53.8 1
aHSBKp 290.00 290.00 290.00 290.00 290.00 53.8 1
aHSBKp1 300.00 300.00 300.00 300.00 300.00 55.6 1
AMGZ 46,000.00 51,750.00 46,000.00 -5.2 44,500.00 105,000.00 82.9 6
ASBN 42,000.00 67,000.00 50,000.00 -26.4 11,100.00 69,000.00 885.1 26
ASBNp1 18,300.00 24,725.00 19,200.00 -19.3 10,000.00 25,000.00 1,799.4 24
ASFI 12,650.00 13,800.00 13,800.00 +20.0 8,100.00 14,000.00 109.7 6
aTEBN 7,130.00 7,705.00 7,705.00 7,130.00 7,705.00 53.8 2
ATFB 9,500.00 13,055.00 11,200.00 -14.5 7,000.00 14,000.00 3,497.0 128
ATFBp 4,434.78 5,220.00 4,434.78 -26.1 2,800.00 6,500.00 321.2 19
ATFBp8 4,125.00 5,520.00 4,265.00 -22.2 1,500.00 8,999.00 38,065.5 136
BTAS 132,500.00 157,275.00 141,000.01 +0.8 90,000.00 157,275.00 15,806.8 132
CCBN 1,905.00 2,050.00 1,910.00 -2.1 510.02 2,050.00 44,172.1 177
CHFM 1,400.70 1,400.70 1,400.70 0 600.00 1,500.75 0.1 1
CHFMp 908.50 908.50 908.50 900.00 908.50 0.1 1
CSBN 7,000.00 8,000.00 8,000.00 +5.3 3,100.00 8,000.00 138.7 13
CSBNp 2,300.00 2,700.00 2,300.00 -18.6 700.01 3,505.00 140.0 7
DNBN 2,200.00 6,727.50 5,850.00 1,400.00 6,727.50 1,876.4 8
EKTN 30,000.00 30,000.00 30,000.00 +112.5 14,117.65 30,000.00 14.9 1
EXBN 2,750.00 3,160.00 2,900.00 -1.7 2,000.00 3,700.00 97.2 4
EXBNp 1,999.99 2,050.00 2,010.00 +5.8 1,100.00 2,050.00 256.7 21
GB_KZMS 3,700.00 3,700.00 3,700.00 +10.9 3,047.50 3,700.00 0.3 1
HSBK 630.00 720.00 640.00 -1.5 260.01 781.00 5,644.5 106
HSBKp1 290.00 333.33 320.00 +6.7 173.00 345.00 25,152.9 46
KIBN 462.00 531.00 462.00 -13.0 150.00 1,150.00 301.9 25
KKGB 900.00 1,390.00 1,230.00 -8.9 710.00 1,550.00 7,122.6 139
KKGBp 321.00 499.00 400.00 +16.6 100.00 600.00 12,929.1 185
KZTC 29,000.00 31,000.00 29,000.00 -17.1 10,000.00 48,000.00 17.9 2
KZTCp 3,100.00 6,200.00 4,500.00 -11.8 1,044.00 8,750.00 725.7 73
KZTK 47,000.00 50,499.00 49,500.00 +1.2 24,500.00 55,000.00 778.1 22
KZTKp 16,000.00 21,000.00 20,000.00 -4.8 8,950.00 27,100.00 509.6 35
LNAT 1,649.44 1,649.44 1,649.44 1,649.44 1,649.44 123.1 1
NFBN 3,450.00 6,000.00 6,000.00 1,739.60 7,622.50 855.4 38
NRBN 35,000.00 37,950.00 37,950.00 -0.1 28,000.00 62,250.00 18.4 3
NRBNp6 21,850.00 21,850.00 21,850.00 21,500.00 40,000.00 1.8 1
ORDB 4,000.00 4,000.00 4,000.00 -2.4 2,807.17 4,600.00 79.2 7
PDES 1,058.00 1,058.00 1,058.00 +5.8 843.03 1,100.00 0.7 2
RAHT 2,500.00 4,000.00 4,000.00 +33.3 600.00 4,000.00 189.3 10
RDGZ 13,000.00 17,850.00 16,750.00 +8.1 11,260.00 18,399.99 198,177.2 332
RMXR 3.50 3.51 3.50 -29.3 1.05 4.95 2,694.0 5
ROSA 722.76 722.77 722.77 +0.5 570.01 855.00 1,415.1 3
SUMB 270,000.00 270,000.00 270,000.00 227,514.37 270,000.00 3,105.5 1
TEBN 7,475.00 9,000.00 7,800.00 +4.0 3,000.01 9,000.00 41,791.4 32
TEBNp 2,440.00 3,105.00 2,703.00 +22.9 1,080.00 3,300.00 20,641.2 168
TSBN 3,100.00 4,300.00 4,050.00 +28.6 1,510.00 4,550.00 8,750.4 197
TSBNp 2,100.00 2,349.00 2,100.00 1,200.00 2,415.00 136.3 4
ZERD 3.95 4.50 4.50 +11.1 1.10 4.50 1,749.9 5
ZNGRp 10,000.00 10,000.00 10,000.00 450.00 10,000.00 23,586.4 3
------- ---------- ---------- ---------- ------ ---------- ---------- --------- -----
51 464,088.2 2 165
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Notes to the table: The table reflects only those shares, with which deals were
made by method of open trades. Trends (change, %) are given relative to the last
deal of the previous month (May 1-31, 2007). If there were no deals last month,
trend is not calculated.
Top-10 of the most liquid listing shares of KASE in July 2007, including
STF RFCA
---------------------------------------------------------------------------------
Base of liquidity indicator calculation (Kl):
---------------------------------------------
Position Liquidity Volume Number Number Position
in May Share indicator of deals number of KASE of result in April,
2007 symbol (Kl) KZT, mln of deals members days 2007
-------- ------ --------- ----------- ----------- --------- ----------- ---------
1 RDGZ 3.0 24,173.9 332 49 22 1
2 CCBN 1.9 5,387.0 177 37 22 4
3 KKGBp 1.8 1,577.3 185 38 21 3
4 TEBNp 1.71 2,521.0 168 32 22 8
5 TSBN 1.70 1,067.7 197 32 19 16
6 KKGB 1.6 872.3 139 37 19 11
7 BTAS 1.56554 1,930.7 132 33 20 5
8 ATFB 1.56552 426.8 128 34 21 6
9 ATFBp8 1.4 4,656.7 136 24 20 2
10 HSBK 1.3 692.7 106 29 18 10
---------------------------------------------------------------------------------
Notes to the table: for calculation of Kl are used only data on deals, which
were made in the sector of KASE's secondary market by one of methods of open
trades. Description of methods of calculation of the given indicator is
available in corresponding chapter of the document, published
at
http://www.kase.kz/mix/rsp.pdf in Russian language and
at
http://www.kase.kz/eng/mix/rsp.pdf in English language.
10-top most capitalized companies of KASE whose shares are in official
securities list of the exchange (to the moment of trades closing
by specified dates)
-------------------------------------------------------------------------
As of July 31, 07: as of June 29, 07: Change:
------------------- ------------------- ---------------
Company code po- capi- stake po- capi- stake capi-
on KASE (the same si- taliza- of the si- taliza- of the taliza- stake,
code is used for ti- tion, compa- ti- tion, compa- tion, %
common share) on m USD ny, % on m USD ny, % m USD points
----------------- --- -------- ------ --- -------- ------ -------- ------
GB_KZMS 1 13,996.2 20.8 1 12,746.5 18.9 +1,249.7 +1.9
RDGZ 2 9,517.7 14.1 2 8,898.9 13.2 +618.8 +0.9
KKGB 3 6,127.4 9.1 3 6,696.9 9.9 -569.5 -0.8
BTAS 4 6,119.0 9.1 5 6,134.3 9.1 -15.3 0
HSBK 5 5,361.9 8.0 4 5,484.9 8.1 -123.0 -0.2
KZTK 6 4,440.4 6.6 7 4,438.5 6.6 +1.9 0
ASBN 7 3,961.4 5.9 6 5,433.6 8.1 -1,472.2 -2.2
AMGZ 8 3,330.1 4.9 8 3,547.6 5.3 -217.4 -0.3
ATFB 9 2,181.2 3.2 9 2,624.8 3.9 -443.6 -0.7
CCBN 10 1,777.0 2.6 10 1,679.1 2.5 +97.9 +0.1
-------------------------------------------------------------------------
Not to the table: Stake of the company, % - indicator, calculated by ratio
of market capitalization of the company to total capitalization of exchange
market of shares of KASE's official list of securities and expressed in
percentage. This indicator at the session closing as of July 31, 2006
was $67,375.5 m. There were 96 shares of 70 issuers in official securities
list of KASE. A full list of codes of issuers with the names of companies
is published at
http://www.kase.kz/instruments/nzb_code.htm
[2007-08-17]