/IRBIS, Dinara Mukasheva, January 13, 09/ - IRBIS Information Agency of
Financial Markets (Almaty) rated liquidity of listing companies shares traded
on Kazakhstan Stock Exchange (KASE) in December of 2008.
The first 10 positions of the rating are given below. In December these
shares constituted for 45.9 % of turnover of corresponding sector of
exchange market. Over the specified period, deals in shares of 51 names
have been made on KASE open secondary market.
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Liquidity indicator calculation base (Kl):
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Posi Posi Liquidity
tion in tion in indi- volume number number of
Dec. Nov. Share cator of deals, number of KASE successful
2008 2008 symbol (Kl) m. KZT of deals members days
------- ------- ------- --------- ----------- --------- -------- -----------
1 3 HSBK 2.51 229.4 276 59 19
2 1 RDGZ 2.26 1,054.2 221 55 19
3 2 BTAS 2.02 6,157.4 214 38 17
4 5 CCBN 1.27 476.4 103 23 19
5 - ASFIp 1.25 19,922.1 118 11 5
6 4 KKGB 1.15 98.5 61 27 18
7 6 GB_KZMS 1.12 47.7 72 24 17
8 8 KZTK 0.81 46.7 32 19 14
9 16 ASFI 0.74 714.9 44 5 18
10 13 ASBN 0.73 49.9 45 13 13
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ASFIp, ASFI and ASBN replaced GB_ENRC (7th position in November),
KZTKp (9th position) and TEBNp (10th position) correspondently and
became newcomers of the "liquid ten".
Unexpected increase of ASFIp positions in liquidity rating was provided by
the series of "domestic" deals, made on KASE secondary purchase and sale
market during the second half of December. But, the bulk of volume
(97.0 %) came to one deal, made on December 25, 2008. The absence of
GB_ENRC in rating is explained by gradual decrease of investment interest
to steel produces` securities, due to permanent fall of ask on iron ore and
ferroalloys on the world markets.
The table below contains the first 10 positions of the rating by results of
share trades on KASE in 2008. Stake of these "ten" in total turnover of
shares market of KASE made 52.3 %. During this period 81 stocks were
involved in deals on KASE open secondary market.
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Liquidity indicator calculation base (Kl):
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volume number number of
Share of deals, number of KASE effective
Position symbol Kl m. KZT of deals members days
-------- ------- ---- ----------- ---------- -------- ----------
1 RDGZ 3.00 73,391.7 4,120 157 239
2 CCBN 2.04 70,167.2 1,962 93 237
3 BTAS 1.88 46,837.4 1,728 104 227
4 KKGB 1.82 8,840.6 2,017 131 208
5 HSBK 1.60 6,820.7 1,519 113 221
6 KZTK 1.30 19,978.8 1,033 82 189
7 GB_KZMS 1.00 2,319.3 613 72 179
8 GB_ENRC 0.78 400.1 417 63 130
9 KZTKp 0.74 927.0 421 50 149
10 KKGBp 0.71 2,352.1 347 52 132
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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 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
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.
[2009-01-13]