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ANALYSIS: In February 2009 volume of trades on KASE repo market fell 3.8 % up to KZT1.2 trl. ($8.5 bn.) at KZT2.6 trl. turnover ($17.6 bn.)
/IRBIS, Valeriy Khegay, March 16, 09/ - In February 2009 Kazakhstan Stock Exchange (KASE) repo market registered opening of 3,533 repo transactions. Volume of trades at the borrowing sum (on concluded and executed deals) made KZT1,244.0 bn. or USD8,535.1 m. at the current rate on dates of concluding deals, which is 45.1 % of the total volume of trades on KASE (in January - 54.9 %).
Compared to January 2009 the volume of trades decreased by KZT48.9 bn. ($2,123.5 m.) or by 3.8 %. Relative to February 2008 this indicator increased by KZT595.1 bn. ($3, 142.7 m.) or by 1.9 times (by 1.6 times in dollar terms).
The exchange (calculating) turnover (is calculated on all executed opening and closing repo deals) of repo market in February 2009 made KZT2,578.7 bn. (equivalent $17,619.1 m.) and grew by 0.9 % (by 17.9 % in dollar terms) relative to the previous month.
Structure of repo market (on borrowing sums) at KASE in analyzed month was as follows:
- the stake of automatic repo transactions was 89.0 % of volume of trades in described market sector (KZT1,107.2 bn.), including repo transactions in government securities (GS) - 79.4% (KZT988.2 bn.), repo transactions in corporate securities (CS) - 9.6 % (KZT119.1 bn.);
- the stake of repo transactions, conducted by nego deals method fell 11.0 % of volume of trades (KZT136.8 bn.), including repo transactions in GS - 0.4 % (KZT4.8 bn.), repo transactions in CS - 10.6 % (KZT132.0 bn.).
For comparison, structure of stock exchange's repo market in January, 2009 was as follows: autorepo - 92.8 % (GS - 81.7 %; CS - 11.1 %); repo by nego method - 7.2 % (GS - 0.4 %; CS - 6.8 %).
Below tables are given, which characterize primary segments of repo transaction market of KASE in February 2009 (volume of trades is given on borrowing sum;
information on repo transactions in CS, made by direct method (10.6 % of the market) are not published by IRBIS due to a very big volume of the table).
Automatic repo deals with GS - 79.4 % of the market
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Yield, % APR Num-
Instrument ------------------------------------- Volume, ber Market
(currency, on first mini- maxi- on last weighted KZT of share,
term, days) deal mum mum deal average m. deals %
----------- -------- ----- ----- ------- -------- --------- ----- ------
KZT_001 15.00 0.50 50.00 1.00 6.26 491,005.5 1690 49.69
KZT_002 13.80 1.00 39.99 3.00 6.51 15,405.2 49 1.56
KZT_003 14.00 3.50 14.00 4.70 6.80 9,966.4 16 1.01
KZT_007 10.50 3.00 20.00 7.00 9.27 456,521.2 569 46.20
KZT_014 11.00 9.00 13.00 9.50 10.98 5,342.4 38 0.54
KZT_028 15.00 8.50 15.00 8.50 12.47 9,946.0 59 1.01
----------- -------- ----- ----- ------- -------- --------- ----- ------
TOTAL 988,186.7 2,421 100
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Automatic repo deals with CS - 9.6 % of the market
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Yield, % APR
Instrument ------------------------------------- Volume, Num- Market
(security, on first mini- maxi- on last weighted m. ber of share,
term, days) deal mum mum deal average KZT deals %
----------- -------- ----- ----- ------- -------- --------- ------ ------
ASBN_007 8.00 200.0 1 0.17
ASBN_030 8.00 8.00 8.00 8.00 8.00 1,074.0 6 0.90
ASBNb10_028 10.00 200.0 1 0.17
ASFI_001 14.00 10.00 16.00 10.00 13.77 18,114.4 47 15.21
ASFI_003 12.00 8.0 1 0.01
ASFI_007 12.00 12.00 16.00 12.00 13.86 9,232.1 21 7.75
ASFI_014 12.00 12.00 12.00 12.00 12.00 1,500.0 3 1.26
ASFI_030 16.00 12.00 18.00 13.00 15.51 28,365.3 44 23.81
ASFIb15_001 12.00 12.00 17.50 17.50 15.81 722.0 4 0.61
ASFIb15_028 12.00 470.0 1 0.39
ASFIb16_001 14.00 14.00 17.50 17.50 17.10 565.0 2 0.47
ASFIb16_007 11.50 10.00 13.50 13.50 11.87 1,320.0 7 1.11
ASNDb2_007 15.00 15.00 15.00 15.00 15.00 1,230.0 5 1.03
ATFBb4_014 16.00 19.0 1 0.02
ATFBb6_001 10.00 10.00 10.00 10.00 10.00 162.0 3 0.14
ATFBb6_003 13.00 13.00 13.00 13.00 13.00 100.0 3 0.08
ATFBb6_007 14.00 14.00 14.00 14.00 14.00 521.0 7 0.44
ATFBb6_014 14.00 14.00 14.00 14.00 14.00 199.0 5 0.17
ATFBe2_001 11.00 7.50 12.00 7.50 10.40 2,643.0 6 2.22
ATFBe4_001 9.00 7.50 12.00 7.50 10.53 4,762.0 7 4.00
BRKZe2_001 8.00 6.75 9.00 6.75 7.64 3,292.0 5 2.76
BRKZe2_007 10.00 10.00 12.50 12.50 10.66 721.0 2 0.61
BRKZe2_014 11.00 110.0 1 0.09
BRKZe2_028 15.00 725.0 1 0.61
BRKZe3_014 13.00 389.0 1 0.33
BRKZe4_014 13.00 11.00 13.00 11.00 12.86 334.0 3 0.28
BRKZe4_028 11.50 11.50 15.50 15.50 12.42 1,300.4 2 1.09
BTAIb5_028 8.00 330.0 1 0.28
BTAIb7_007 8.00 200.0 1 0.17
BTASb5_001 16.00 8.00 17.00 8.00 12.76 1,248.0 7 1.05
BTASb5_007 20.00 482.0 1 0.40
BTASb9_001 15.00 12.00 20.00 12.00 12.32 2,733.0 9 2.29
BTASb9_003 15.00 12.00 15.00 15.00 14.31 520.0 4 0.44
BTASb9_007 15.00 200.0 1 0.17
BTASb9_014 15.00 36.0 1 0.03
BTASb9_030 12.00 12.00 12.00 12.00 12.00 2,500.0 5 2.10
CCBN_001 10.00 10.00 10.00 10.00 10.00 27.0 2 0.02
CCBN_007 10.00 10.00 12.00 12.00 11.97 1,055.0 2 0.89
CCBN_030 13.00 12.00 13.00 12.00 12.01 1,926.0 4 1.62
CCBNb15_007 14.00 10.00 15.00 13.00 13.28 737.0 5 0.62
CCBNb15_014 14.50 800.0 1 0.67
CSBNb4_028 12.50 239.0 1 0.20
CSBNb5_028 12.50 160.0 1 0.13
CSBNb7_001 10.00 600.0 1 0.50
CSBNb7_007 12.00 196.0 1 0.16
CTECb1_001 15.00 200.0 1 0.17
CTECb1_007 15.00 475.0 1 0.40
CTECb1_014 15.00 475.0 1 0.40
EUBNb3_001 10.00 0.00 13.50 0.00 7.55 1,763.0 16 1.48
EUBNb3_028 12.00 8.0 1 0.01
EUBNb5_030 14.00 14.00 15.00 15.00 14.88 538.0 4 0.45
EXBNb2_001 12.00 11.0 1 0.01
HSBKb10_007 14.00 105.0 1 0.09
HSBKb10_014 13.00 13.00 13.00 13.00 13.00 210.0 2 0.18
HSBKb3_014 13.00 13.00 13.00 13.00 13.00 341.0 2 0.29
HSBKb7_001 25.00 220.0 1 0.18
HSBKp1_001 6.00 4.00 16.00 4.00 12.13 303.0 14 0.25
HSBKp1_007 18.00 6.0 1 0.01
HSBKp1_014 13.00 13.00 15.00 14.00 13.59 558.0 8 0.47
KIBNb3_007 7.00 6.0 1 0.01
KKGB_001 10.00 5.00 10.00 5.00 7.25 149.0 2 0.13
KKGB_028 12.50 12.50 13.00 12.50 12.54 26.0 3 0.02
KKGBb2_003 14.50 405.0 1 0.34
KKGBb2_014 12.00 49.0 1 0.04
KZIKb10_007 15.00 179.0 1 0.15
KZIKb11_007 16.00 15.00 16.00 15.00 15.53 377.0 2 0.32
KZIKb11_028 14.00 377.0 1 0.32
KZIKb12_007 15.00 395.0 1 0.33
KZIKb12_028 14.00 395.0 1 0.33
KZIKb3_028 14.00 194.0 1 0.16
KZIKb4_001 10.00 8.00 10.00 8.00 8.93 28.0 2 0.02
KZIKb5_007 14.00 12.50 14.00 12.50 13.25 296.0 2 0.25
KZIKb5_014 11.00 149.0 1 0.13
KZTCb1_014 15.00 96.0 1 0.08
KZTK_028 12.50 28.0 1 0.02
PRKRb2_001 25.00 230.0 1 0.19
PRKRb2_007 16.00 230.0 1 0.19
PRKRb2_028 14.00 230.0 1 0.19
RDGZ_001 6.00 6.00 40.00 7.00 11.58 1,251.1 35 1.05
RDGZ_003 20.00 10.00 20.00 10.00 15.92 98.0 3 0.08
RDGZ_007 12.00 10.00 16.00 10.00 12.91 586.0 8 0.49
RDGZ_028 13.00 13.00 15.00 15.00 14.78 948.0 14 0.80
RESCb1_003 15.00 15.00 15.00 15.00 15.00 38.0 2 0.03
RGBRb4_001 15.00 10.00 15.00 12.50 12.58 1,058.0 13 0.89
RGBRb4_007 10.00 47.0 1 0.04
RGBRb4_014 15.00 99.0 1 0.08
RGBRb4_028 13.50 13.50 13.50 13.50 13.50 145.0 2 0.12
RGBRb5_001 10.00 10.00 13.50 12.00 12.07 881.0 20 0.74
RGBRb5_007 12.00 12.00 25.00 12.00 13.73 570.0 12 0.48
RGBRb5_028 13.50 13.50 13.50 13.50 13.50 78.0 2 0.07
RGBRb6_014 12.00 10.0 1 0.01
SATC_003 15.00 350.4 1 0.29
TEBNb16_001 10.50 10.00 10.50 10.00 10.25 52.0 2 0.04
TEBNb16_007 14.00 26.0 1 0.02
TEBNp_001 12.00 19.0 1 0.02
TSBN_001 7.00 6.00 14.00 6.00 8.62 7,598.0 52 6.38
TSBN_007 15.00 10.00 15.00 11.00 12.56 1,449.0 21 1.22
TSBN_014 13.00 10.00 13.00 10.00 10.05 458.0 3 0.38
TSBN_030 11.00 2,037.0 1 1.71
----------- -------- ----- ----- ------- -------- --------- ------ ------
TOTAL 119,118.1 513 100
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Direct repo deals with GS - 0.4 % of the market
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Yield, % APR
Term of ------------------------------------- Volume, Num- Market
repo, on first mini- maxi- on last weighted m. ber of share,
days deal mum mum deal average KZT deals %
------- -------- ----- ----- ------- -------- ------- ------ ------
1 9.00 0.12 20.00 12.00 7.41 1,284.6 8 26.64
2 0.002 400.0 2 8.30
3 4.00 56.0 1 1.16
6 5.00 5.00 8.50 7.50 7.10 313.8 3 6.51
7 9.00 4.00 9.00 4.00 7.80 150.0 2 3.11
14 14.00 8.04 14.00 8.04 13.02 652.0 4 13.52
21 0.02 0.02 4.00 4.00 2.29 47.5 2 0.98
29 0.00 0.00 4.01 4.01 0.65 122.7 2 2.54
30 5.00 35.7 1 0.74
42 11.03 11.03 11.03 11.03 11.03 817.0 4 16.95
56 13.31 13.31 13.31 13.31 13.31 730.0 4 15.14
60 6.89 22.2 1 0.46
66 6.72 190.0 1 3.94
------- -------- ----- ----- ------- -------- ------- ------ ------
TOTAL 4,821.5 35 100
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[2009-03-16]