/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
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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
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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:
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
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]