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]