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05.02.2009 21:20 #KASE news

U.S. dollar market of Kazakhstan: day results

/IRBIS, Ekaterina Tatarova, Vitaliy Tomskiy, February 5, 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            149.80  +26.87  150.00        0  150.00   -0.07
---------------------- ------- ------- ------- -------- ------- -------
Maximum rate            150.09   +1.09  150.08    -0.77  150.20   +0.03
Volume on max. price     2,700 -29,400     650     -350     300 -49,700
---------------------- ------- ------- ------- -------- ------- -------
Minimum rate            149.35  +26.42  150.00    +1.00  150.00   +1.00
Volume on min. price     2,000  +1,995  33,350  +31,600   3,000  -3,950
---------------------- ------- ------- ------- -------- ------- -------
Closing rate            150.00   +1.00  150.08    +0.58  150.08   -0.07
Weight. aver. rate      149.97   +5.99  150.01    -0.03  150.09   +0.06
Session volume (gross) 289,600  -5,915  38,100 -141,450  20,800 -75,700
Session net-turnover   285,300 +78,300  27,050 -106,500  29,800 -50,800
Number of deals            105     +26      43      -32      14      +1
Number of participants      17      -2      14      -13       8      -3
---------------------- ------- ------- ------- -------- ------- -------
Day gross-turnover*                    327,700 -147,365  20,800 -75,700
Day net-turnover*                      282,775  +93,875  20,800 -50,800
---------------------- ------- ------- ------- -------- ------- -------
Best bid**              150.00   +1.00  150.02    +1.02  150.02   -0.03
Best ask**              150.05   +0.05  150.10    -0.15  150.15       0
---------------------- ------- ------- ------- -------- ------- -------
REUTERS Bid**           149.93  +26.23  149.83    +0.10  150.00   +0.07
REUTERS Ask**           150.23  +26.48  150.74    +0.51  150.20   -0.23
-----------------------------------------------------------------------
* 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
------ ------- ----- ------ ----- ------- ----- ----- -----
150.09   2,700     5      0     0   2,700     5 10:56 10:56
150.08   5,800    13    650     1   6,450    14 10:46 15:30
150.07   2,500     4    650     1   3,150     5 10:43 15:30
150.06       0     0    650     1     650     1 15:29 15:29
150.05   4,000     6    950     2   4,950     8 10:39 15:29
150.02   3,000     3  1,150     2   4,150     5 10:38 15:24
150.01   8,500     2    700     3   9,200     5 10:37 14:02
150.00 233,300    19 33,350    33 266,650    52 10:20 15:07
149.99   1,500     2      0     0   1,500     2 10:36 10:36
149.95   1,600     4      0     0   1,600     4 10:36 10:36
149.90     500     1      0     0     500     1 10:22 10:22
149.88     500     1      0     0     500     1 10:35 10:35
149.85   1,000     2      0     0   1,000     2 10:35 10:35
149.84     500     1      0     0     500     1 10:35 10:35
149.81     500     1      0     0     500     1 10:24 10:24
149.80   4,500     8      0     0   4,500     8 10:17 10:35
149.75   1,000     2      0     0   1,000     2 10:34 10:34
149.70   1,500     3      0     0   1,500     3 10:33 10:34
149.65   5,100     8      0     0   5,100     8 10:32 10:33
149.64   1,500     2      0     0   1,500     2 10:32 10:32
149.60   1,600     4      0     0   1,600     4 10:25 10:32
149.55   1,500     3      0     0   1,500     3 10:31 10:32
149.50   3,500     5      0     0   3,500     5 10:25 10:30
149.40   1,500     2      0     0   1,500     2 10:26 10:26
149.35   2,000     4      0     0   2,000     4 10:27 10:27
------ ------- ----- ------ ----- ------- ----- ----- -----
TOTAL  289,600   105 38,100    43 327,700   148 10:17 15:30
-----------------------------------------------------------

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. 30, 09 Feb. 2, 09 Feb. 3, 09 Feb.4, 09 Feb. 5, 09
---------- ----------- ---------- ---------- --------- ----------
Ask             17,400      3,000     11,050    19,200     16,055
Bid             34,605    232,900    624,000   768,680     52,550
---------- ----------- ---------- ---------- --------- ----------
Difference     +17,205   +229,900   +612,950  +749,480    +36,495
-----------------------------------------------------------------

Trade day results say on decrease of speculative interest to currency market. On a day and evening sessions volume of trades fell significantly as well as rates on monetary market (overnight repo rates - 8.9 % APR). Prime objective on cutting speculative attacks is likely to appear successful for tenge.

At the same time, we note strong ask on USD on the side of commercial banks in the first half of the day. It wasn't yesterday.

By ht evening, the market was calm. It was closed by spreads narrowing and insignificant prevailing of unsatisfied ask over bid. (tabl. 3). We expect no changes on Friday.

According to preliminary data of the National Bank, surplus of payment balance current account made in 2008 $8.9 bn, but showed deficit in Q4 on oil falling. Note that first quarter of 2009 average oil prices may decrease on continuing falling of global ask. In this case, the pressure on tenge may increase. Increased NDF rates are likely to consider this opportunity.

Reducing of import will support tenge, which grew by per cent shock devaluation.

[2009-02-05]