ANALYSIS: Liquidity rating of KASE listing shares on the secondary market in November and within the first 11 months of 2007
/IRBIS, Dinara Mukasheva, November 10, 07/ - IRBIS information agency of financial markets (Almaty) has made liquidity rating of listing companies shares, traded on Kazakhstan stock exchange (KASE) in November of 2007.
The first 10 positions of the rating are given below. To the stake of these shares in October had come 77.9% of turnover of corresponding sector of exchange market. Over the specified period, deals with shares of 49 names were made on KASE's open secondary market.
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Liquidity indicator calculation base (Kl):
Position Liquidity ------------------------------------------ Posi-
in indi- volume number number tion
November Share cator of deals, number of KASE of success- in
2007 symbol (Kl) m. KZT of deals members ful days October
2007
-------- ------ --------- ---------- --------- -------- ------------ -------
1 RDGZ 2.8 9,100.9 495 51 22 2
2 KKGB 2.2 1,085.2 347 55 22 1
3 BTAS 1.58 1,327.4 194 37 20 5
4 CCBN 1.56 3,808.5 143 35 21 3
5 KKGBp 1.1 1,280.9 77 25 17 6
6 KZTKp 0.98 221.9 94 18 20 14
7 ATFB 0.97 2,881.6 64 21 15 11
8 HSBKp1 0.94 687.3 76 14 22 8
9 TEBN 0.86 11,840.6 23 7 8 20
10 ATFBp8 0.8 945.9 88 13 16 4
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The "newcomers" of "liquid ten" relative to October 2007 had become KZTKp (14-th position in October), ATFB (11-st position), and TEBN (20-th position), having replaced HSBK (7-th position), KZTK (9-th position), and TSBN (10-th position).
The most impressive growth in the rating has been shown by common shares TEBN of DO of Bank TuranAlem JSC - Temirbank JSC - volume of deals with these securities increased 72.3 times in comparison with October results. However, there are no doubts about "market characteristic" of the mentioned deals. Growth of ATFB's positions was provided first by the series of deals, conducted on November 13 within specialized trades of repurchase of common and preferred stocks of ATFBank JSC by Bank Austria Creditanstalt AG.
The table below contains the first 10 positions of the rating, made by the results of shares trades on KASE within the first 11 months of 2007. Stake of these "ten" in total turnover of shares market of KASE made 44.4%. During this period shares of 83 instrument names were involved in deals of KASE's open secondary market.
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Liquidity indicator calculation base (Kl):
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volume number number
Share Kl of deals, number of KASE of success-
Position symbol m. KZT of deals members ful days
-------- ------ ---- ---------- --------- -------- ------------
1 RDGZ 2.6 70,453.1 2,365 108 228
2 KKGB 2.4 13,820.4 2,269 110 205
3 CCBN 2.1 39,480.6 1,800 83 217
4 BTAS 1.9 73,828.4 1,461 74 198
5 KKGBp 1.7 18,086.0 1,439 72 188
6 ATFBp8 1.43 53,098.8 1,322 47 152
7 HSBK 1.39 5,505.5 772 71 185
8 KZTK 1.30 7,962.4 834 61 174
9 ATFB 1.26 14,218.8 783 54 186
10 TEBNp 1.1 20,101.8 781 51 143
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Notes
The rating is based on liquidity indicator (Kl), which is calculated for each share on a specified period. Positions are rated by sorting shares in descending order of Kl (the higher Kl, the higher liquidity is and the lower position in the rating). The first position in the rating corresponds to the highest Kl value.
Description of liquidity indicator calculation methods is available in the proper section of the document, published at: see more in Russian and at see more in English.
IRBIS agency draws attention to the fact that while calculating the liquidity indicator only data on deals, made in KASE secondary market sector (including special trading floor of the regional financial center of Almaty) by one of open trade methods, are taken into account.
"p" letter in the end of the symbol means preferred shares, other letters - common shares.
Full list of symbols of issuers and securities traded on KASE is available at see more
Material given above is not an offer or recommendation to sell or buy shares on KASE. The using of it by anyone while taking investment decisions does not make IRBIS agency responsible for possible losses, resulting from such the decisions.
[2007-12-10]