U.S. dollar market of Kazakhstan: day results

/IRBIS, Ekaterina Tatarova, Vitaliy Tomskiy, January 22, 09/ - Following is the table of major indicators of Kazakhstan market of U.S. dollar, on day results. The rate is given in tenge per dollar, volume - th. USD. Trends are shown relative to corresponding figures of previous trading day. Results of trades on Kazakhstan Stock Exchange (KASE) ---------------------------------------------------------------------- Instrument USD TOD USD TOD USD TOM KASE session Morning Day Evening Time 10:15-11:00 ALT 11:30-15:30 ALT 11:30-17:00 ALT --------------- --------------- --------------- Indicator value trend value trend value trend ---------------------- ------- ------- ------- ------- ------- ------- Opening rate 121.40 +0.10 121.43 +0.12 121.36 0 ---------------------- ------- ------- ------- ------- ------- ------- Maximum rate 121.50 +0.16 121.51 +0.19 121.51 +0.14 Volume on max. price 5 -1,995 1,000 +600 6,000 -3,000 ---------------------- ------- ------- ------- ------- ------- ------- Minimum rate 121.29 -0.01 121.41 +0.14 121.35 0 Volume on min. price 5 -57,995 600 -200 1,000 -2,000 ---------------------- ------- ------- ------- ------- ------- ------- Closing rate 121.40 +0.08 121.41 +0.12 121.41 +0.05 Weight. aver. rate 121.32 +0.01 121.43 +0.12 121.45 +0.09 Session volume (gross) 210,525 -49,725 94,665 +18,615 47,500 -500 Session net-turnover 203,105 -20,795 54,595 -16,455 21,000 -27,000 Number of deals 87 -31 81 +46 16 +10 Number of participants 18 -1 17 +2 8 +4 ---------------------- ------- ------- ------- ------- ------- ------- Day gross-turnover* 305,190 -31,110 47,500 -500 Day net-turnover* 226,240 +6,840 47,500 -27,000 ---------------------- ------- ------- ------- ------- ------- ------- Best bid** 121.40 +0.09 121.41 +0.14 121.43 +0.12 Best ask** 121.42 +0.10 121.42 +0.13 121.45 +0.08 ---------------------- ------- ------- ------- ------- ------- ------- REUTERS Bid** 121.36 +0.04 121.50 +0.06 121.48 +0.19 REUTERS Ask** 121.39 +0.04 121.61 +0.23 121.50 -0.04 ---------------------------------------------------------------------- * resulting net-position on each instrument **at closing of the session on KASE, out of stock exchange - by the data of REUTERS Table of price levels of trade in US dollar on KASE on T+0 (USD_TOD) settlement terms ----------------------------------------------------------- TOTAL BY RESULTS OF DAY: Morning Day ------------------------- session: session: time (ALT): Price ------------- ------------ ----------- level volume deals volume deals volume deals from to ------ ------- ----- ------ ----- ------- ----- ----- ----- 121.51 0 0 1,000 1 1,000 1 11:51 11:51 121.50 5 1 3,000 3 3,005 4 10:50 11:51 121.49 0 0 2,000 2 2,000 2 11:47 15:16 121.48 0 0 1,000 1 1,000 1 11:47 11:47 121.47 0 0 3,000 3 3,000 3 11:46 11:58 121.46 0 0 1,000 1 1,000 1 11:45 11:45 121.45 600 2 3,005 5 3,605 7 10:57 15:16 121.44 500 1 5,180 9 5,680 10 10:57 15:20 121.43 2,605 6 43,880 32 46,485 38 10:54 15:23 121.42 0 0 31,000 22 31,000 22 12:48 15:29 121.41 0 0 600 2 600 2 15:29 15:29 121.40 1,805 6 0 0 1,805 6 10:16 11:00 121.39 1,000 1 0 0 1,000 1 10:46 10:46 121.37 300 1 0 0 300 1 10:33 10:33 121.36 100 1 0 0 100 1 10:32 10:32 121.35 1,105 4 0 0 1,105 4 10:16 10:27 121.34 2,500 1 0 0 2,500 1 10:27 10:27 121.32 200,000 62 0 0 200,000 62 10:18 10:22 121.29 5 1 0 0 5 1 10:16 10:16 ------ ------- ----- ------ ----- ------- ----- ----- ----- TOTAL 210,525 87 94,665 81 305,190 168 10:16 15:29 ----------------------------------------------------------- Parameters of unsatisfied demand and supply of second tier banks in KASE' trade system for the last 5 days (total of valid bids by the time of morning and day trades closing, th. USD) --------------------------------------------------------------------- Indicator Jan. 16, 09 Jan. 19, 09 Jan. 20, 09 Jan.21, 09 Jan. 22, 09 ---------- ----------- ----------- ----------- ---------- ----------- Ask 25,400 15,000 12,500 24,100 20,100 Bid 8,805 4,000 21,800 38,800 57,500 ---------- ----------- ----------- ----------- ---------- ----------- Difference -16,595 -11,000 +9,300 +14,700 +37,400 --------------------------------------------------------------------- As expected, the price range of USD/KZT pair shifted upward on a day session. Tenge support level is now at 121.43. At the same time, inter-bank market saw increasing of expectations of further USD/KZT rate growth, notwithstanding tenge liquidity deficit (during the day yield on overnight deposit transactions exceeded 15 %). At the same time, the main source of banks` funding, in our opinion, remains repo transactions on the market. At that, today borrowing volume at the first instance source grew by more than 9 times. On the last day of the week it may "provoke" participants of currency market to dollar purchase. We should also focus at the auction of the National Bank notes, which will be held tomorrow. [2009-01-22]