/IRBIS, Dinara Mukasheva, June 6, 08/ - IRBIS information agency of
financial markets (Almaty) has made liquidity rating of listing companies'
shares traded on Kazakhstan Stock Exchange (KASE) in May of 2008.
The first 10 positions of the rating are given below. In May these shares
possessed 94.1% of turnover of corresponding sector of exchange market.
Over the specified period, deals with shares of 42 names have been made
on KASE open secondary market.
----------------------------------------------------------------------------
Liquidity indicator calculation base (Kl):
Liquidity ------------------------------------------
Posi Posi indi- volume number number
tion in tion in cator of deals, number of KASE of success-
May. Apr. Share (Kl) m. KZT of deals members ful days
2008 2008 symbol
------- ------- ------- --------- ---------- --------- -------- ------------
1 1 RDGZ 3.00 49,961.1 661 65 20
2 2 BTAS 1.23 1,393.3 109 41 17
3 7 KZTK 1.07 3,203.2 104 33 15
4 4 CCBN 0.86 407.3 70 18 19
5 5 KKGB 0.85 250.9 44 25 16
6 3 HSBK 0.83 118.8 48 23 16
7 6 GB_ENRC 0.702 45.4 33 18 15
8 11 GB_KZMS 0.696 80.8 35 19 14
9 13 KZTKp 0.65 97.5 50 21 10
10 8 HSBKp1 0.50 42.1 22 3 17
----------------------------------------------------------------------------
GB_KZMS and KZTKp having replaced KKGBp (5th position in April) and
ATFB (10th position) have become the newcomers of the "liquid ten".
Common shares KAZAKHMYS PLC (GB_KZMS), on which turnover
increased by 29.5%, again returned to liquidity rating after dull period in
April. Increasing of trade activity on indicated securities correlated with
situation on international commodity trade floors in May of current year,
when record price growth on main industrial commodity groups was fixing.
We should indicate that this tendency reflected on KASE share market in
whole, as the volume of deals on share documents of non primary sector
made 83.7% of total turnover market sector in May.
The end of the month showed that common shares ATF Bank JSC (ATFB)
continue to show the low level of liquidity, which was conditioned by
decreasing the number of ATFB in free circulation after their repurchase by
Bank Austria Creditanstalt AG. The indicated tendency can't be changed by
major purchases ATFB by one of contractor in April, when the volume of
deals with ATFB increased by 43.2 times, compare to results of March.
These documents will be probably absent in liquidity rating for a long time.
The table below contains the first 10 positions of the rating, made by the
results of shares trades on KASE for the first five months of 2008. Stake
of these "ten" in total turnover of shares market of KASE made 64.6%.
During this period shares of 63 instrument names were involved in deals of
KASE open secondary market.
------------------------------------------------------------------
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 2.99 59,592.5 2,213 106 100
2 KKGB 2.11 7,353.5 1,346 107 88
3 BTAS 1.69 16,267.8 775 78 94
4 CCBN 1.61 5,688.6 804 75 99
5 HSBK 1.19 2,797.8 350 61 87
6 KZTK 1.10 4,757.1 347 55 77
7 GB_KZMS 0.82 438.4 194 40 71
8 KKGBp 0.80 2,083.9 200 40 63
9 HSBKp1 0.68 329.7 123 20 87
10 TSBN 0.62 383.5 125 35 47
------------------------------------------------------------------
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.
[2008-06-06]