/IRBIS, Dinara Mukasheva, November 26, 08/ - In October 2008 Kazakhstan
Stock Exchange (KASE) registered 1 983 deals for the total of KZT18.1 bn. or
USD150.7 m. according to the current rate as on the date of conclusion of deals
in shares in all market sectors including deals concluded on the special trading
floor of the regional financial center of Almaty (STF RFCA). The indicated sum
totals to 28.9 % of monthly turnover of KASE corporate securities market (in
September - 32.4 %) and 0.4 % of the total exchange monthly turnover (0.7 %).
By results of October weighted average day prices of 22 % shares denominations
increased (in September - 25 %), 67 % denominations (65 %) - decreased,
prices of 8 % of shares didn't change (10 %), 2 % denominations were traded for
the first time on KASE. Maximum trend showed the following instruments: aREAL
increased by 557.9 %, AMGZp fell by 62.2 % (see table 5.trade with shares results
on KASE in October 2008).
Kazakhstan equity securities market in October continued falling on negative
background on foreign markets - according to the rating agency Standard &
Poor's worldwide investors lost $5.8 trl. during the analyzed period; October was
called the worst month in newest history of stock markets. The leader of October
fall was known to be Argentine Stock Index MerVal that fell by 36.8 % for the
month, Chinese Shanghai Composite fell by 24.6 % (the sharpest fall since July
1994), Japanese Nikkei - by 23.8 % till record minimum for the whole history;
American S&P 500 fell by 16.9 %, Dow Jones - by 14.1 % till August 1998 level,
European FTSE 100 - by 10.7 %, DAX - by 14.5 %, CAC 40 - by 13.5 %.
During October quotations of Kazakhstan issuers` equity securities went on falling
on London Stock Exchange: global receipts of Alliance Bank JSC decreased by
22.6 % (-31.6 % in September), Halyk Savings Bank of Kazakhstan JSC - by
39.3 % (-31.0 %), Exploration Production KazMunaiGaz JSC - by 9.7 % (-
33.0 %), KAZAKHMYS PLC - by 50.8 % (-55.1 %), EURASIAN NATURAL
RESOURCES CORPORATION PLC - by 38.8 % (-49.7 %). On total negative
background equity securities of Kazkommertsbank JSC managed to grow by
3.6 % (-30.0 %),
Domestic market saw the biggest fall on October 8, 2008 - KASE Index fell by
12.1 % on sharp decreasing of major world stock floors when American indexes
fell on October 7, 2008. However, at the end of the month KASE shares market
began to grow on investors` enthusiasm, provoked by the announcement of the
prim Minister of Kazakhstan Karim Masimov on October 28 saying that the
Government addressed the shareholders of the four backbone banks (Alliance
Bank JSC, BTA Bank JSC, Halyk Savings Bank of Kazakhstan JSC and
Kazkommertsbank JSC) with the offer to inflow of additional assets to the stock
capital of these banks as a measures for banks` capital adequacy; additional
capitalization was to make 25 % of authorized capital of these banks. Later
representatives of the mentioned banks announced on the agreement.
Below are the tables providing details on KASE share market in October, 2008.
Tab. 1. Statistical characteristics of KASE share market in October 2008
---------------------------------------------------------------------
Trend to
--------------------
Sept. Oct.
Indicator Oct. 2008 2008 2007
-------------------------------------- --------- ---------- ---------
Trade volume, th. USD 150,723.2 0.5 times 0.3 times
Trade volume, m. KZT 18,066.0 0.5 times 0.3 times
including, on offerings, th. USD - Х Х
including, on offerings, m. KZT - Х Х
including on STF RFCA, th. USD 7,637.3 39.4 times 0.4 times
including on STF RFCA, m. KZT 914.7 39.4 times 0.4 times
Deals 1,983 +50.7 % -17.8 %
Instruments in deals 49 -5.8 % -7.5 %
Daily average of deals 90 +43.8 % -17.8 %
Daily average volume of deals, th. USD 6,851.1 0.5 times 0.3 times
Daily average volume of deals, m. KZT 821.2 0.5 times 0.3 times
Stake of nego deals (number), % 1.7 -0.8 pp -2.0 pp
Stake of nego deals (volume), % 8.6 +3.4 pp +2.4 pp
Pension assets, % gross 12.7 -6.0 pp -0.3 pp
Individuals, % gross 31.1 +18.4 pp +12.9 pp
Non-residents, % gross 14.0 +5.5 pp -3.0 pp
KASE members, concluded deals 53 +8.2 % -1.9 %
Market concentration, %* 36.3 -18.3 pp -22.2 pp
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*percent of total share turnover, which falls on most tradable securities (their
number makes 5 % of the total of stocks, involved in deals)
Tab. 2. Industrial characteristics of KASE share market*
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Stake of total volume of market (%):
----------- ------------ -----------
Oct. Sept. Oct.
Industry 2008 2008 2007
---------------------------- ----------- ------------ -----------
Finance 50.5 74.0 68.5
Power engineering 19.2 3.0 18.9
Raw material sector 12.5 14.8 11.6
Telecommunications services 6.9 5.1 0.6
Discretional consumer sector
6.1 2.9 0.05
Information technologies 4.7 Х Х
Main consumer sector
0.02 0.01 0.2
Public services 0.01 0.2 0.2
Public health 0.01 0.002 Х
Industry Х Х 0.03
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*Industrial classification of turnover structure has been compiled in accordance
with lndustry Classification Standard (GICS) Standart and Poor's
Tab. 3. Changes in shares tradable on KASE in October 2008
-----------------------------------------------------------------
Bonds: Instruments: Issuers:
Admission ----------- ------------ -----------
category Numb. trend Numb. trend Numb. trend
---------------------------- ----- ----- ------ ----- ----- -----
First 27 +1 41 +1 17 +1
Incl. MTF KASE 27 +1 27 +1 17 +1
Incl. STF RFCA 14 0 14 0 8 0
---------------------------- ----- ----- ------ ----- ----- -----
Second 33 +2 40 +2 27 +1
Incl. MTF KASE 29 0 29 0 24 0
Incl. STF RFCA 11 +2 11 +2 9 +1
---------------------------- ----- ----- ------ ----- ----- -----
Third 42 -1 43 -1 36 -1
Incl. MTF KASE 39 -1 39 -1 33 -1
Incl. STF RFCA 4 0 4 0 4 0
---------------------------- ----- ----- ------ ----- ----- -----
Investment funds` securities
2 0 2 0 2 0
Incl. MTF KASE 1 0 1 0 1 0
Incl. STF RFCA 1 0 1 0 1 0
---------------------------- ----- ----- ------ ----- ----- -----
Unlisted securities
4 +1 4 +1 4 +1
---------------------------- ----- ----- ------ ----- ----- -----
Total 108 +3 130 +3 77 +1
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Notes: MTF KASE - main trade floor of KASE;
STF RFCA - Special Trade Floor of Regional Financial Centre of Almaty; due to
STF RFCA launching securities (bonds) of one denomination the re could be two
exchange instruments, different in trading code, and trading and settlements
terms.
Tab. 4. KASE index dynamics in various periods
at the moment of trade close as on October 31, 2008 (basis actual/365)
------------------------------------------
Trend:
--------------
Period % % APR
--------------------------- ------ -------
For preceding 30 days - 32.5 - 396.0
Since the beginning of 2008 - 63.1 - 75.1
For last 365 days (year) - 62.5 - 62.5
In 2007 + 12.2 + 12.2
Form the beginning of 2007 - 58.6 - 32.0
------------------------------------------
Tab. 5. Main indicators of exchange purchase and sale share market
in October 2008
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Market Volume of Volume of
capitalization, deals, deals, Number
Date m. USD KASE index th. USD m. KZT of deals
-------- --------------- ---------- --------- --------- --------
30.09.08 46,266.7 1,426.19 10,292.7 1,233.5 87
01.10.08 47,146.3 1,440.75 12,238.4 1,468.2 76
02.10.08 46,546.2 1,390.17 2,870.1 344.4 66
03.10.08 45,828.5 1,394.21 18,963.3 2,275.0 95
06.10.08 44,734.5 1,262.17 5,662.5 679.4 101
07.10.08 40,850.6 1,193.64 3,505.2 420.8 81
08.10.08 38,749.7 1,048.99 8,137.3 976.1 112
09.10.08 39,535.3 1,117.93 2,037.4 244.2 116
10.10.08 39,649.3 1,044.63 4,836.2 579.6 114
13.10.08 40,184.7 1,029.51 22,768.7 2,728.8 67
14.10.08 39,381.6 1,087.74 2,934.5 351.8 63
15.10.08 39,713.6 1,027.52 1,459.0 174.8 100
16.10.08 35,342.0 930.82 10,489.2 1,256.0 87
17.10.08 34,711.3 912.69 8,838.4 1,058.5 101
20.10.08 34,948.2 907.98 1,477.3 176.9 50
21.10.08 34,775.0 885.04 7,323.2 877.0 84
22.10.08 34,259.1 881.94 925.8 110.9 60
23.10.08 32,176.0 851.85 6,547.5 784.4 54
24.10.08 31,114.1 827.76 12,176.3 1,458.5 93
28.10.08 29,338.8 797.52 4,464.6 534.9 93
29.10.08 29,876.4 867.10 4,711.4 564.5 111
30.10.08 32,364.8 951.20 5,832.2 698.8 137
31.10.08 32,047.3 971.83 2,524.5 302.5 122
-------- --------------- ---------- --------- --------- --------
Trend -14,219.4 -454.4
% -30.7 -31.9
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Tab. 6. Results of trades in shares on KASE in October 2008
(according to data on deals, concluded on the secondary market by open trade
method)
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Price, tenge per share:
----------------------------------------------------
by last deal for last 365 days Volume
Share --------------- ------------------ of deals, Number
symbol min. max. price trend% min max th. USD of deals
------- -------- -------- -------- ------ -------- --------- --------- --------
aASBN 8,200.0 13,500.0 13,500.0 8,000.0 20,000.0 66.0 5
aHSBK 103.0 110.0 103.0 -60.4 103.0 575.0 22.3 2
aHSBKp 145.5 145.5 145.5 -15.8 145.5 285.0 17.1 1
AMGZp 17,000.0 44,999.0 17,000.0 -65.3 17,000.0 49,000.0 882.6 5
aPRIN 8,384.0 8,384.0 8,384.0 8,384.0 8,384.0 4,175.2 1
aREAL 5.0 5.0 5.0 0.8 5.0 3,340.0 1
ASBN 7,800.0 13,500.0 13,500.0 +5.5 7,800.0 28,710.0 424.9 40
ASBNp1 6,500.0 10,100.0 10,100.0 +19.5 6,500.0 14,000.0 189.4 9
ASFI 22,728.0 23,000.0 22,728.0 0 14,900.0 25,000.0 681.8 28
ASFIp 20,920.6 25,000.0 22,728.0 0 10,000.0 25,000.0 2,641.6 6
ATFB 7,225.0 7,225.0 7,225.0 7,225.0 10,500.0 23.6 2
aZERD 6.7 6.7 6.7 +34.2 3.5 6.7 16.8 1
BTAS 22,000.0 38,800.0 27,600.0 -29.2 22,000.0 125,000.0 20,241.5 108
CCBN 750.0 1,250.0 824.0 -28.3 520.0 2,000.0 4,972.5 306
CHFM 910.0 910.0 910.0 0 910.0 1,000.5 9.3 2
CSBN 4,509.2 4,509.2 4,509.2 0 3,850.0 6,105.0 69.7 4
CSBNp 1,676.0 1,954.8 1,843.6 -5.7 1,676.0 2,280.0 175.5 7
EXBN 1,000.0 1,800.0 1,000.0 -49.5 1,000.0 2,900.0 251.0 10
EXBNp 1,155.0 1,155.0 1,155.0 +0.2 1,152.7 2,185.0 1,552.3 2
GB_ENRC 560.0 1,175.0 570.0 -52.5 500.0 3,750.0 480.5 78
GB_KZMS 546.0 1,430.0 600.0 -53.8 546.0 4,600.0 13,170.6 104
GLOT 5,700.0 5,700.0 5,700.0 5,700.0 6,440.0 7,140.5 4
HSBK 85.0 220.0 127.0 -39.8 85.0 611.8 1,814.2 250
HSBKp1 137.5 175.0 137.5 -41.8 132.0 353.0 151.6 2
KANT 4,953.2 4,953.2 4,953.2 770.0 4,953.2 0.7 1
KIBN 260.0 270.0 260.0 -3.7 250.0 385.0 48.3 5
KKGB 190.0 446.0 400.0 -9.3 190.0 1,255.0 3,667.6 222
KKGBp 136.4 200.0 150.0 -28.6 136.4 440.0 210.6 17
KZIS 44,980.0 45,000.0 45,000.0 44,980.0 61,000.0 5,888.9 4
KZTCp 1,400.0 1,440.0 1,400.0 -9.1 1,400.0 2,800.0 12.9 2
KZTK 13,454.6 31,890.0 14,600.0 -51.3 13,454.6 41,000.0 8,024.9 122
KZTKp 4,600.0 11,998.0 5,280.0 -56.0 4,600.0 24,600.0 2,176.7 74
MREK 2,490.0 2,490.0 2,490.0 -0.4 2,490.0 2,970.0 20.8 1
NFBN 4,800.0 5,270.0 4,900.0 0 1,321.0 5,270.0 183.3 14
NRBN 20,000.0 21,500.0 21,500.0 +7.5 18,000.0 28,600.0 8.5 2
ORDB 2,500.0 2,500.0 2,500.0 0 2,500.0 4,000.0 117.0 5
ORDBp 2,100.0 2,100.0 2,100.0 2,100.0 2,100.0 29.2 1
RAHT 1,800.0 1,800.0 1,800.0 -17.8 1,400.0 4,200.0 1.0 1
RDGZ 6,201.0 12,000.0 8,630.0 -25.0 6,201.0 24,595.0 25,837.2 432
RMXR 5.0 5.0 5.0 +400.0 1.0 5.0 1,711.7 4
ROSA 580.0 580.0 580.0 580.0 634.8 29.3 1
TEBN 4,500.0 5,800.0 5,000.0 -5.7 4,450.5 8,500.0 4,464.4 14
TEBNp 1,000.0 1,730.0 1,000.0 -39.4 1,000.0 2,805.0 2,490.3 10
TMLZ 5,000.0 5,054.0 5,000.0 -1.1 5,000.0 5,057.0 6,349.9 6
TSBN 851.0 1,350.0 930.0 -31.1 851.0 2,650.0 1,295.9 26
UTMK 25,500.0 31,000.0 31,000.0 +40.9 19,000.0 31,000.0 5,130.6 2
UTMKp 3,999.0 4,000.0 4,000.0 +33.3 1,500.0 5,000.0 63.4 3
ZERD 6.0 6.1 6.1 -6.2 3.5 6.5 7,507.4 3
------- -------- -------- -------- ------ -------- --------- --------- --------
48 137,781.0 1,950
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Notes: The table provides data on the shares, in which the deals were concluded by
one of the open trade methods. Trends (change in %) are provided in relation to
the last deal of the preceding month (September 1 - 30, 2008). Trend is not
computed, if there were no deals in the preceding month.
Tab. 7. Top 10 most liquid chares of KASE in October 2008,
including STF RFCA
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Liquidity indicator calculation base (Kl):
Rank ------------------------------------------
---------- Liquidity volume number number
Sept. Aug. Share indicator of deals, number of KASE resultant
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
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Notes: For calculation of Kl only data on deals concluded in KASE secondary market
sector by one of the open trade methods are accounted. The methodology of
calculation of this indicator is available in the corresponding section of the
document, released at
http://www.kase.kz/files/mix/rsp.pdf in Russian and at
http://www.kase.kz/files/eng/mix/rspeng.pdf in English.
Tab. 8. Top 10 most capitalized listing companies of KASE,
shares of which were listed on the official list of securities of the Exchange
(as on the moment of trades close on the indicated dates)
--------------------------------------------------------------------------------
As on 31.10.08: As on 30.09.08: Trend:
-------------------- ---------------------- ---------------
capitali- compa- capitali- capitali-
Short or contraction zation ny zation company zation stake
name-of company rank m. USD stake% rank m. USD stake % m. USD pp
-------------------- ------------- ------ ---- --------- ------- --------- -----
ENRC PLС 1 6,258.4 19.53 1 11,618.4 25.11 -5,360.0 -5.58
KazMunaiGas
Exploration
production JSC 2 4,896.9 15.28 2 6,618.1 14.30 -1,721.3 +0.98
KAZAKHMYS PLС 3 2,703.4 8.44 3 5,831.9 12.60 -3,128.5 -4.17
ATF Bank JSC 4 2,409.9 7.52 6 2,565.3 5.54 -155.3 +1.98
Kazkommertsbank
JSC 5 2,020.3 6.30 7 2,443.6 5.28 -423.3 +1.02
BTA Bank JSC 6 1,851.7 5.78 5 2,656.9 5.74 -805.2 +0.04
Kazakhtelecom JSC 7 1,347.6 4.20 4 2,785.6 6.02 -1,438.0 -1.82
Astana-finance JSC 8 1,260.2 3.93 11 1,066.8 2.31 +193.4 +1.63
Halyk Savings
Bank of
Kazakhstan JSC 9 1,200.8 3.75 8 1,921.3 4.15 -720.5 -0.41
Alliance Bank JSC 10 1,116.4 3.48 12 998.6 2.16 +117.8 +1.33
--------------------------------------------------------------------------------
Notes: The company stake, % - an indicator, received by cutting off market
capitalization of the company to total capitalization of exchange market share
of official list of securities of KASE and expressed in percent. As on the market
close October 31, 2008 this indicator made USD32,047.3 m. 95 shares of 72 issuers
were listed on the official list of KASE.
[2008-11-26]