/IRBIS, Dinara Mukasheva, September 11, 08/ - IRBIS information agency
of financial markets (Almaty) has rated liquidity of listing companies' shares
traded on Kazakhstan Stock Exchange (KASE) in August of 2008.
The first 10 positions of the rating are given below. In August these shares
possessed 85.6 % of turnover of corresponding sector of exchange market.
Over the specified period, deals with shares of 39 names have been made
on KASE open secondary market.
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Liquidity indicator calculation base (Kl):
------------------------------------------
Liquidity ----------- --------- -------- -----------
Posi Posi
tion in tion in indi- volume number number of
August July Share cator of deals, number of KASE successful
2008 2008 symbol (Kl) m. KZT of deals members days
------- ------- ------- --------- ----------- --------- -------- -----------
1 4 CCBN 2.54 60,317.8 188 26 20
2 1 RDGZ 2.25 887.8 158 48 16
3 3 HSBK 1.68 595.5 103 30 20
4 2 BTAS 1.48 2,096.9 96 24 18
5 10 KZTK 0.93 338.3 46 17 13
6 6 KKGB 0.90 129.2 41 16 14
7 8 KZTKp 0.89 44.9 38 15 15
8 5 GB_ENRC 0.71 14.4 30 13 11
9 11 GB_KZMS 0.61 26.8 20 10 12
10 7 TEBN 0.60 113.3 31 4 14
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GB_KZMS having replaced MREK (9th position in July) have become the
newcomers of the "liquid ten".
The table below contains the first 10 positions of the rating, made by the
results of shares trades on KASE for the first eight months of 2008. Stake
of these "ten" in total turnover of shares market of KASE made 62.8 %.
During this period shares of 70 instrument names were involved in deals of
KASE open secondary market.
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Liquidity indicator calculation base (Kl):
------------------------------------------
----------- ---------- -------- ----------
Share volume number number of
Position symbol Kl of deals, number of KASE effective
m. KZT of deals members days
-------- ------- ----- ----------- ---------- -------- ----------
1 RDGZ 2.98 65,570.3 2,714 123 157
2 CCBN 2.12 67,831.3 1,215 83 159
3 KKGB 1.94 7,868.0 1,505 113 130
4 BTAS 1.80 27,201.5 1,081 89 151
5 HSBK 1.308 4,166.5 603 76 139
6 KZTK 1.306 17,323.6 690 68 118
7 GB_KZMS 0.79 501.8 250 46 103
8 KKGBp 0.75 2,206.7 257 45 88
9 KZTKp 0.71 579.9 257 39 93
10 TEBN 0.63 13,152.0 163 23 91
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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.
[2008-09-11]