/IRBIS, Dinara Mukasheva, May 6, 08/ - IRBIS information agency of financial markets (Almaty) has made liquidity rating of listing companies' shares traded on Kazakhstan Stock Exchange (KASE) in April of 2008.

The first 10 positions of the rating are given below. In April these shares possessed 86.1% of turnover of corresponding sector of exchange market. Over the specified period, deals with shares of 41 names have been made on KASE open secondary market.

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                                      Liquidity indicator calculation base (Kl):
                           Liquidity  ------------------------------------------
   Posi     Posi               indi-      volume             number       number
tion in  tion in               cator   of deals,    number  of KASE  of success-
 April.   March.  Share         (Kl)      m. KZT  of deals  members     ful days
   2008     2008  symbol
-------  -------  -------  ---------  ----------  --------  -------  -----------
      1        1  RDGZ          2.98     5,361.3       617       69           21
      2        2  BTAS          1.53     1,990.2       161       45           19
      3        6  HSBK         1.211     1,762.8        88       31           20
      4        3  CCBN         1.210     1,104.9       133       27           22
      5        4  KKGB          0.78       374.3        61       21           15
      6        -  GB_ENRC       0.75        54.0        59       20           16
      7        8  KZTK          0.70       278.3        34       22           13
      8        9  HSBKp1        0.65        94.7        26        7           22
      9        7  KKGBp         0.52       111.8        23       15           11
     10       20  ATFB          0.51       290.2        37       12           11
--------------------------------------------------------------------------------

GB_ENRC and ATFB, having replaced GB_KZMS (5th position in March) and MMGZp (10th position) have become the newcomers of the "liquid ten".

Early expected listing of common shares EURASIAN NATURAL RESOURSES CORPORATION PLC (GB_ENRC) on domestic floor was met with great enthusiasm of investors. Beginning from the first day of trades opening on KASE (April 3), GB_ENRC were purchased very actively, in short term perspective the indicated securities will preserve the high level of liquidity, made in April. Common shares KAZAKHMYS PLC (GB_KZMS) on the contrary, didn't manage to keep the level, as in March, and returned to the positions of they started the current year. The indicated things testify that the peak of investment interest to these documents, observed in March, was mostly speculative.

The sharp 43.2 times growth of trade activity of common shares ATF Bank JSC (ATFB) (compare to results of March) returned these documents in the liquidity rating. Deals with ATFB, concluded in April, are market deals by their character. At the same time more precise analysis of deals spectrum showed that this growth was provoked by huge volumes of purchasing of indicated securities by one of contractors.

The table below contains the first 10 positions of the rating, made by the results of shares trades on KASE for the first four months of 2008. Stake of these "ten" in total turnover of shares market of KASE made 66.3%. During this period shares of 59 instrument names were involved in deals of KASE open secondary market.

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                              Liquidity indicator calculation base (Kl):
                         -----------------------------------------------
          Share             volume             number             number
Position  symbol     Kl  of deals,    number  of KASE  of effective days
                            m. KZT  of deals  members
--------  -------  ----  ---------  --------  -------  -----------------
       1  RDGZ     2.77    9,631.4     1,552       99                 80
       2  KKGB     2.53    7,102.6     1,302      105                 72
       3  BTAS     2.12   14,874.5       666       74                 77
       4  CCBN     1.83    5,281.3       734       71                 80
       5  HSBK     1.31    2,679.0       302       61                 71
       6  KZTK     1.03    1,553.9       243       46                 62
       7  KKGBp    0.93    2,053.4       188       40                 57
       8  GB_KZMS  0.79      357.6       159       34                 57
       9  TEBN     0.76    9,687.0        71       18                 35
      10  HSBKp1   0.69      287.6       101       19                 70
------------------------------------------------------------------------

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

The data aforementioned is not an offer or recommendation to sell or buy shares on KASE. Using the data while making investment decisions does not rest the responsibility for possible losses resultant from such decision on the IRBIS agency.

[2008-05-06]