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07.11.2008 16:28 #KASE news

ANALYSIS: KASE listed shares liquidity on secondary market in October and ten months of 2008

/IRBIS, Dinara Mukasheva, November 7, 08/ - IRBIS information agency of financial markets (Almaty) has rated liquidity of listing companies' shares traded on Kazakhstan Stock Exchange (KASE) in October of 2008.

The first 10 positions of the rating are given below. In October these shares constituted for 58.7 % of turnover of corresponding sector of exchange market. Over the specified period, deals in shares of 48 names have been made on KASE open secondary market.

----------------------------------------------------------------------------
                                  Liquidity indicator calculation base (Kl):
   Posi    Posi         Liquidity ------------------------------------------
tion in tion in             indi-      volume             number   number of
   Oct.   Sept. Share       cator   of deals,    number  of KASE  successful
   2008    2008 symbol       (Kl)      m. KZT  of deals  members        days
------- ------- ------- --------- ----------- --------- -------- -----------
      1       1 RDGZ         3.00     3,098.8       432       71          22
      2       2 HSBK         1.92       217.4       250       57          22
      3       8 KKGB         1.76       439.6       222       48          22
      4       5 CCBN        1.572       595.9       306       19          22
      5       3 BTAS        1.569     2,425.3       108       32          21
      6       6 GB_KZMS      1.41     1,578.5       104       31          21
      7       4 KZTK         1.30       962.4       122       27          21
      8       7 GB_ENRC      1.02        57.6        78       30          18
      9      10 KZTKp        0.97       261.1        74       25          18
     10      16 ASBN         0.68        50.9        40       15          16
----------------------------------------------------------------------------

ASBN replaced TEBN (9th position in September) and became a newcomer of the "liquid ten".

ASBN grew in liquidity rating on mass purchase of mentioned securities by one of contractors (91.1 % of the total volume of deals with ASBN). It is likely to be connected with known events on LSE, when Seimar Alliance Financial Corporation, the major shareholder of Alliance Bank JSC repurchased GDR at $5 m. The disseminated message of SAFC said decreasing of GDR quotations of Alliance Bank on LSE is a consequence of speculative activity of foreign investors and doesn't reflect real financial status of the bank.

The table below contains the first 10 positions of the rating by results of share trades on KASE in ten months of 2008. Stake of these "ten" in total turnover of shares market of KASE made 59.7 %. During this period 74 stocks were involved in deals on KASE open secondary market.

----------------------------------------------------------------
                      Liquidity indicator calculation base (Kl):
                      ------------------------------------------
                           volume              number  number of
         Share          of deals,     number  of KASE  effective
Position symbol    Kl      m. KZT   of deals  members       days
-------- ------- ---- ----------- ---------- -------- ----------
       1 RDGZ    3.00    69,774.9      3,361      143        200
       2 CCBN    2.10    69,218.1      1,653       87        200
       3 KKGB    1.89     8,431.5      1,785      125        171
       4 BTAS    1.76    32,205.6      1,313       94        191
       5 HSBK    1.51     6,358.4      1,005      101        182
       6 KZTK    1.34    19,791.3        949       74        160
       7 GB_KZMS 0.94     2,170.7        424       63        144
       8 KZTKp   0.74       870.6        361       45        126
       9 GB_ENRC 0.72       316.1        308       52        103
      10 KKGBp   0.70     2,278.1        302       46        109
----------------------------------------------------------------

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 and 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.

[2008-11-07]