KASE determined the leading exchange repo market operators for April and first 4 months of 2008

/KASE, 04.05.08/ - Kazakhstan Stock Exchange (KASE) determined the leading exchange repo market operators for April 2008. Below are 10 most active repo market operators (headquarters of all companies are located in Almaty). Each trades' participant position was expressed in the currency of calculation - tenge. In April, the "top-10" accounts for 36.2 % of this exchange market sector turnover. --------------------------------------------------------------------------------------------- Position in: ---------------- Ka calculation base Indicator ---------------------- April March. Short name of activity ---- ---- ---- ---- 2008 г. 2008 г. of a company (Ka) V N D A ------- ------- -------------------------------------- ----------- ---- ---- ---- ---- 1 2 Halyk Savings Bank of Kazakhstan JSC 2.82 1.00 1.00 0.80 0.02 2 4 Almaty Investment Management JSC 2.09 0.08 0.91 0.80 0.30 3 1 TuranAlem Securities JSC 2.07 0.21 0.56 0.80 0.50 4 3 RESMI Finance and Investment House JSC 2.00 0.21 0.67 0.80 0.32 5 17 Asyl Invest JSC 1.73 0.16 0.40 0.80 0.38 6 5 Temirbank JSC 1.57 0.24 0.52 0.80 0.01 7 21 Kazpost JSC 1.55 0.17 0.56 0.80 0.02 8 12 BCC Invest JSC 1.54 0.07 0.29 0.80 0.38 9 8 RBNT SECURITIES JSC 1.49 0.04 0.44 0.80 0.20 10 9 Centras Securities JSC 1.45 0.04 0.31 0.80 0.30 --------------------------------------------------------------------------------------------- The "top-10" newcomer relative to March 2008 became Asyl Invest JSC, Kazpost JSC and BCC Invest JSC, having drive out from the "top-10": - BANK CASPIAN JSC (the sixth position in March). - Asia Broker Services JSC (the seventh position in March); - ATF Bank JSC (the tenth position in March). In total, in conclusion of repo deals, excluding the National Bank, in April 2008 participated 70 companies. Below is the corresponding table of the most active repo market operators for first 4 months of 2008. In conclusion of deals during this period, excluding the National Bank of the Republic of Kazakhstan, participated 73 companies. The "top-10" here accounted for 43.4 % of the repo market turnover. --------------------------------------------------------------------------------- KA calculation base Indicator ---------------------- Posi Short name of activity ---- ---- ---- ---- tion of a company (Ka) V N D A ---- -------------------------------------- ----------- ---- ---- ---- ---- 1 Halyk Savings Bank of Kazakhstan JSC 2.70 1.00 0.89 0.80 0.01 2 TuranAlem Securities JSC 2.41 0.27 0.83 0.80 0.50 3 RESMI Finance and Investment House JSC 2.26 0.31 0.90 0.80 0.26 4 Almaty Investment Management JSC 2.17 0.08 1.00 0.80 0.29 5 Temirbank JSC 1.95 0.29 0.85 0.80 0.01 6 BCC Invest JSC 1.92 0.17 0.47 0.79 0.49 7 RBNT SECURITIES JSC 1.66 0.04 0.64 0.80 0.18 8 BANK CASPIAN JSC 1.64 0.28 0.55 0.80 0.01 9 Eurasian Bank JSC 1.589 0.33 0.45 0.80 0.01 10 Asia Broker Services JSC 1.588 0.12 0.45 0.79 0.22 --------------------------------------------------------------------------------- In tables are used short names of the following companies: TuranAlem Securities - Subsidiary of Bank TuranAlem JSC TuranAlem Securities JCS; BCC Invest JSC - BCC Invest JSC (Subsidiary of Bank CenterCredit JSC); Temirbank JSC - Subsidiary of Bank TuranAlem JSC - Temirbank JSC. In calculations was used the aggregate gross-turnover of trades (the amount of purchased and sold instruments on repo opening and closing transactions). Given this, were considered all repo deals regardless of the sector (the automatic repo or the nego deals method) and the repo subject (government or corporate securities) KASE notices that the exchange repo market operators' activity ranking, given in tables, is developed using the new method. This method text will be published at the exchange site in the nearest time. This method essence includes the following. The company's place in the ranking is determined by the value of the so called activity indicator (Ka), calculated for each exchange member. The first position in the rating corresponds with the largest Ka value. This indicator for the repo market operators is calculated by formula Ka = V + N + 0,8*D + 0,5*A, where: V - the indicator of repo deals volume, concluded by the being rated exchange member for the analyzed period on KASE, V = Vi / Vmax, where Vi - deals volume, concluded by the being rated company for the period, Vmax - the largest volume of deals, concluded by any KASE member for the same period (not considering the National Bank); N - the indicator of repo deals number, concluded by the being rated exchange member for the analyzed period on KASE; N = Ni / Nmax, where Ni - the number of deals, concluded by the being rated company for the period сделок, Nmax - the largest volume of deals, concluded by any KASE member for the same period (not considering the National Bank); D - the indicator of number of effective for the being rated exchange member days during the analyzed period (the effective day - the day during which the being rated exchange member on the KASE secondary market concluded at least one deal in shares by the open trades method); D = Di / Dmax, where Di - the number of effective days of the being rated exchange member, D(max) - the largest number of effective days, fixed for the analyzed period on any KASE member; A - the indicator of sub-account number, used by the being rated exchange member during the analyzed period; A = Ai / Amax, where Ai - the sub-accounts number, used by the being rated exchange member when concluding deals during the analyzed period, A(max) - the largest number of used sub-accounts, fixed for the analyzed period on any KASE member. Indicators Vi, Ni, Di, Ai, Vmax, Nmax, Dmax, Amax are unit values, i.e. are calculated as the ratio of deals volume (number of deals, number of effective days or number of sub-accounts) to the number of days in the analyzed period, during which this trades' participant was this category exchange member. Thus, dependence of indicators values on the duration of the being rated KASE member activities is leveled. For inclusion into the ranking the company must have KASE membership by the corresponding category during not less than 70 % (by calendar days) of the analyzed period, if considered the period up to three months inclusive, not less than 60 %, if the period duration makes up from three to six months, and not less than 50 %, in case of use of the longer analyzed period. [2008-05-04]