REVIEW: KASE repo market in March 2009

/IRBIS, Dinara Mukasheva, April 20, 09/ - In March 2009 Kazakhstan Stock Exchange (KASE) repo market registered opening of 3,301 repo transactions. Volume of trades at the borrowing sum (on concluded and executed deals) made KZT859.1 bn. or USD5,699.1 m. at the current rate on dates of concluding deals, which is 44.8 % of the total volume of trades on KASE (in February - 45.1 %). Compared to February 2009 the volume of trades decreased by KZT385.0 bn. ($2,836.0 m.) or by 30.9 % (in 33.2 % in dollar terms). Relative to March 2008 this indicator increased by KZT180.2 bn. ($72.0 m.) or by 26.5 % (by 1.3 % in dollar terms). The exchange (calculating) turnover (is calculated on all executed opening and closing repo deals) of repo market in March 2009 made KZT1,783.0 bn. (equivalent $11,829.2 m.) and fell by 30.9 % (by 32.9 % 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 95.1 % of volume of trades in described market sector (KZT816.6 bn.), including repo transactions in government securities (GS) - 86.0% (KZT738.6 bn.), repo transactions in corporate securities (CS) - 9.1 % (KZT78.0 bn.); - the stake of repo transactions, conducted by nego deals method fell 4.9 % of volume of trades (KZT42.5 bn.), including repo transactions in GS - 0.2 % (KZT2.0 bn.), repo transactions in CS - 4.7 % (KZT40.5 bn.). For comparison, structure of stock exchange's repo market in February, 2009 was as follows: autorepo - 89.0 % (GS - 79.4 %; CS - 9.6 %); repo by nego method - 11.0 % (GS - 0.4 %; CS - 10.6 %). Below tables are given, which characterize primary segments of repo transaction market of KASE in March 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 - 86.0 % of the market ------------------------------------------------------------------------ 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 3.00 0.10 4.00 0.50 1.75 511,540.6 1,973 69.26 KZT_002 3.50 0.50 4.50 2.00 2.77 10,071.0 43 1.36 KZT_003 6.50 2.30 6.50 5.00 3.33 8,928.0 40 1.21 KZT_007 7.00 2.00 9.50 2.00 6.57 168,602.1 458 22.83 KZT_014 7.00 6.00 8.50 7.50 7.26 10,192.0 25 1.38 KZT_028 10.00 6.00 10.00 6.00 7.72 29,288.0 90 3.97 ----------- -------- ----- ----- ------- -------- --------- ----- ------ TOTAL 738,621.8 2,629 100 ------------------------------------------------------------------------ Automatic repo deals with CS - 9.1 % of the market ------------------------------------------------------------------------ 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_001 1.00 1.00 1.00 1.00 1.00 207.0 2 0.27 ASBN_030 8.00 8.00 8.00 8.00 8.00 674.0 4 0.86 ASBNb10_028 10.00 200.0 1 0.26 ASFI_001 13.00 13.00 13.00 13.00 13.00 172.0 2 0.22 ASFI_003 15.50 200.0 1 0.26 ASFI_007 16.00 16.00 16.00 16.00 16.00 2,383.1 5 3.06 ASFI_014 16.00 15.50 16.00 15.50 15.89 2,457.0 6 3.15 ASFI_030 12.00 10.00 18.00 12.00 15.86 17,577.2 26 22.55 ASFIb15_014 15.50 210.0 1 0.27 ASFIb15_028 15.00 500.0 1 0.64 ASFIb16_001 11.50 11.50 11.50 11.50 11.50 600.0 2 0.77 ASFIb16_003 11.50 11.50 11.50 11.50 11.50 900.0 3 1.15 ASFIb16_014 15.50 15.50 15.50 15.50 15.50 390.0 1 0.50 ASFIb16_030 15.00 12.00 15.00 12.00 14.08 722.0 4 0.93 ASFIb23_001 2.50 300.0 1 0.38 ASFIb23_003 17.50 200.0 1 0.26 ASFIb23_007 17.50 15.00 17.50 15.00 16.11 450.0 2 0.58 ASFIb23_014 17.50 15.00 17.50 15.00 16.03 1,900.0 6 2.44 ASFIb23_028 15.00 500.0 1 0.64 ASFIb24_001 6.00 6.00 6.00 6.00 6.00 440.0 3 0.56 ASFIb5_007 10.00 79.0 1 0.10 ASNDb2_001 20.00 15.00 20.00 15.00 18.68 178.0 6 0.23 ASNDb2_007 15.00 15.00 23.00 15.00 15.78 2,493.0 18 3.20 ASNDb2_014 18.00 4.00 20.00 20.00 8.85 1,744.0 14 2.24 ASNDb2_030 20.00 31.0 1 0.04 ATFBb4_001 6.00 3.50 6.00 3.50 4.54 450.0 4 0.58 ATFBb4_003 5.00 15.0 1 0.02 ATFBb6_001 5.00 5.00 5.00 5.00 5.00 202.0 2 0.26 ATFBb6_007 14.00 5.00 14.00 13.00 13.72 1,486.0 23 1.91 ATFBe2_001 6.50 6.00 6.50 6.00 6.30 2,500.0 5 3.21 BRKZe2_001 5.00 4.50 5.00 4.50 4.97 5,400.0 10 6.93 CCBN_007 12.00 10.00 15.00 15.00 12.01 3,157.0 5 4.05 CCBN_014 12.50 12.50 12.50 12.50 12.50 30.0 3 0.04 CCBN_030 12.00 12.00 12.00 12.00 12.00 7,845.0 5 10.06 CCBNb13_014 14.00 150.0 1 0.19 CCBNb14_028 10.00 50.0 1 0.06 CCBNb15_007 12.00 10.50 12.00 10.50 11.00 532.0 4 0.68 CCBNb9_003 5.00 85.0 1 0.11 CSBNb4_001 7.00 222.0 1 0.28 CSBNb5_014 16.00 150.0 1 0.19 CSBNb6_028 17.00 180.0 1 0.23 CSBNb7_001 12.00 12.00 12.00 12.00 12.00 392.0 4 0.50 CTECb1_001 15.00 15.00 15.00 15.00 15.00 27.0 2 0.03 CTECb1_003 15.00 15.00 23.00 20.00 18.39 135.0 5 0.17 CTECb1_007 15.00 15.00 20.00 20.00 16.26 1,905.0 9 2.44 CTECb1_014 20.00 20.00 20.00 20.00 20.00 455.0 10 0.58 CTECb1_028 20.00 20.00 20.00 20.00 20.00 156.0 3 0.20 EUBNb3_001 7.00 4.00 7.00 7.00 6.57 194.0 5 0.25 EUBNb3_007 10.00 9.00 10.00 9.00 9.55 55.0 2 0.07 EUBNb3_014 8.00 45.0 1 0.06 EUBNb5_001 15.00 15.00 15.00 15.00 15.00 53.0 5 0.07 EUBNb5_003 20.00 20.00 20.00 20.00 20.00 53.0 5 0.07 EUBNb5_014 15.00 15.00 15.00 15.00 15.00 548.0 5 0.70 HSBK_007 15.00 8.00 15.00 8.00 10.63 24.0 2 0.03 HSBK_028 12.50 5.0 1 0.01 HSBKb10_001 6.00 5.00 6.00 5.00 5.50 212.0 3 0.27 HSBKb11_028 10.00 42.0 1 0.05 HSBKb3_001 6.00 5.00 6.00 5.00 5.50 344.0 2 0.44 HSBKb9_014 10.00 42.0 1 0.05 HSBKp1_003 8.50 50.0 1 0.06 HSBKp1_014 13.50 10.50 16.00 10.50 11.92 109.0 5 0.14 KIBNb3_007 7.00 7.00 7.00 7.00 7.00 6.0 2 0.01 KKGB_028 13.00 12.50 13.00 12.50 12.64 36.0 4 0.05 KKGBb2_001 6.50 5.50 6.50 5.50 6.00 96.1 2 0.12 KKGBb2_014 15.00 150.1 1 0.19 KKGBb2_028 16.00 150.1 1 0.19 KKGBe6_028 12.50 46.0 1 0.06 KZIKb10007 15.00 15.00 15.00 15.00 15.00 537.0 3 0.69 KZTCb1_007 15.00 96.0 1 0.12 KZTCb1_014 15.00 15.00 15.00 15.00 15.00 192.0 2 0.25 LOGCb1_001 9.00 31.0 1 0.04 RDGZ_001 10.00 3.50 10.00 5.00 5.20 181.0 6 0.23 RDGZ_007 12.00 10.50 12.00 10.50 10.87 532.0 4 0.68 RDGZ_014 10.00 10.00 12.00 10.50 10.67 123.0 5 0.16 RDGZ_028 13.00 13.00 13.00 13.00 13.00 436.0 8 0.56 RGBRb4_007 15.00 89.0 1 0.11 RGBRb4_014 15.00 15.00 15.00 15.00 15.00 179.0 2 0.23 RGBRb4_028 15.00 14.00 15.00 15.00 14.61 201.0 3 0.26 RGBRb5_001 12.00 12.00 12.00 12.00 12.00 125.0 2 0.16 RGBRb5_003 6.00 70.0 1 0.09 RGBRb5_007 12.00 12.00 12.00 12.00 12.00 549.0 12 0.70 RGBRb5_028 14.00 58.0 1 0.07 SATC_001 10.00 10.00 10.00 10.00 10.00 1,919.0 3 2.46 TSBN_001 6.00 4.00 8.00 5.00 5.08 5,227.0 48 6.70 TSBN_007 12.00 10.50 12.00 10.50 10.98 1,746.0 13 2.24 TSBN_014 13.00 11.50 13.00 11.50 11.69 279.0 5 0.36 TSBN_030 14.00 11.00 14.00 11.00 11.07 2,101.0 2 2.69 ASBN_001 1.00 1.00 1.00 1.00 1.00 207.0 2 0.27 ASBN_030 8.00 8.00 8.00 8.00 8.00 674.0 4 0.86 ASBNb10_028 10.00 200.0 1 0.26 ASFI_001 13.00 13.00 13.00 13.00 13.00 172.0 2 0.22 ASFI_003 15.50 200.0 1 0.26 ASFI_007 16.00 16.00 16.00 16.00 16.00 2,383.1 5 3.06 ASFI_014 16.00 15.50 16.00 15.50 15.89 2,457.0 6 3.15 ASFI_030 12.00 10.00 18.00 12.00 15.86 17,577.2 26 22.55 ASFIb15_014 15.50 210.0 1 0.27 ASFIb15_028 15.00 500.0 1 0.64 ASFIb16_001 11.50 11.50 11.50 11.50 11.50 600.0 2 0.77 ASFIb16_003 11.50 11.50 11.50 11.50 11.50 900.0 3 1.15 ----------- -------- ----- ----- ------- -------- -------- ------ ------ TOTAL 77,962.8 387 100 ------------------------------------------------------------------------ Direct repo deals with GS - 0.2 % of the market ------------------------------------------------------------------- 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 % ------- -------- ----- ----- ------- -------- ------- ------ ------ 0 10.01 200.0 1 9.83 1 7.00 0 7.00 0 3.05 493.2 5 24.25 3 0 0 5.00 5.00 4.74 19.0 3 0.93 4 1.86 1.00 1.86 1.00 1.60 86.2 2 4.24 8 6.88 0.52 6.88 0.52 5.57 219.0 2 10.77 9 6.00 174.0 1 8.55 14 5.00 166.0 1 8.16 22 3.00 3.00 3.00 3.00 3.00 277.0 2 13.62 84 13.00 399.7 1 19.65 ------- -------- ----- ----- ------- -------- ------- ------ ------ TOTAL 2,034.2 18 100 ------------------------------------------------------------------- [2009-04-20]