/IRBIS, Dinara Mukasheva, February 4, 08/ - IRBIS information agency of
financial markets (Almaty) has made liquidity rating of listing companies
shares, traded on Kazakhstan stock exchange (KASE) in January of 2008.
The first 10 positions of the rating are given below. To the stake of these
shares in October had come 82.0% of turnover of corresponding sector of
exchange market. Over the specified period, deals with shares of 39 names
have been made on KASE's open secondary market.
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Liquidity indicator calculation base (Kl):
Liquidity ---------- -------- ------- -----------
indi- volume number number Posi-
Position cator of deals, number of KASE of success- tion
in (Kl) m. KZT of deals members ful days in
Dec. Novemb.
2007 Share 2007
symbol
-------- ------ --------- ---------- -------- ------- ----------- -------
1 KKGB 2.6 1,551.5 477 74 20 2
2 RDGZ 2.0 1,621.3 332 55 20 1
3 CCBN 1.8 1,709.8 270 48 19 3
4 BTAS 1.3 4,463.0 102 29 18 4
5 HSBK 1.1 203.5 84 35 17 5
6 KZTK 1.0 124.0 47 28 19 7
7 KKGBp 0.8 292.7 55 18 17 8
8 KANT 0.7 9,150.4 15 7 3 -
9 TSBN 0.6 113.2 36 17 12 14
10 MMGZp 0.5 194.7 44 9 11 15
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The "newcomers" of "liquid ten" relative to December 2007 had become
KANT (were not present in December rating), TSBN (14th position in
December), MMGZp (15th position), having replaced ATFB (6th position in
December), HSBKp1 (9th position) and ASFI (10th position).
The surprise of January results was the appearance of KANT common
shares of Kant JSC in the rating; no deals have been concluded with these
securities in December of 2007. However, longer-term considerations
revealed that 98.0% of deals with these securities have "internal" character.
Following the decrease of ATFBp8 position in December of 2007, ATFB
common shares of ATFBank JSC left the active 10. Decrease in the trading
activity around these securities is related to the end of repurchase of
common and preferred stocks of the bank from the minority shareholders in
the end of 2007 by Bank Austria Creditanstalt AG (Vienna), which was the
owner of 94.65% of floated shares of ATFBank JSC as of January 1 of 2008.
At that free float of shares of ATFBank JSC decreased over the last six
months on ATFB from 4.4% to 0.3%, on ATFBp8 - from 14.8 % to 11.4 %.
By the decision of the risk committee of KASE, since January 16 of 2008 the
mentioned shares have been excluded form the representative list of shares
for KASE index calculations.
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:
http://www.kase.kz/mix/rsp.pdf
in Russian and at
http://www.kase.kz/eng/mix/rsp.pdf 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
http://www.kase.kz/instruments/nzb_code.htm
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.
[2008-02-04]