REVIEW: KASE share market in April 2009

06.05.09 18:54
/IRBIS, Dinara Mukasheva, May 6, 09/ - In April 2009 Kazakhstan Stock Exchange (KASE) registered 1 489 deals for the total of KZT26.2 bn. or USD173.8 m. according to the current rate as on the date of conclusion of deals in shares in all market sectors including deals concluded on the special trading floor of the regional financial center of Almaty (STF RFCA). The indicated sum totals to 59.9 % of monthly turnover of KASE corporate securities market (in March 2009 - 47.2 %) and 1.3 % of the total exchange monthly turnover (1.3 %). By results of April 2009 weighted average day prices of 23 % shares denominations increased (in March 2009 - 30 %), 49 % denominations (49 %) - decreased, prices of 21 % of shares didn't change (19 %), 7 % denominations were traded for the first time on KASE (3 %). Maximum trend showed the following instruments: KZTKp increased by 87.9 %, KMSO fell by 68.8 %. In March RAHT grew by 190.0 %, AZNO fell by 86.8 %. London Stock Exchange (LSE) observed the growth of Kazakhstan share equities on general growth of optimism at global capital markets: global receipts of Kazkommertsbank JSC grew by 12.6 % (-13.7 %), Halyk Savings Bank of Kazakhstan JSC - by 83.2 % (+3.6 %), GDR of Exploration Production KazMunaiGaz JSC - by 15.8 % (+21.4 %), KAZAKHMYS PLC grew - by 44.2 % (+41.9 %), EURASIAN NATURAL RESOURCES CORPORATION PLC - by 31.9 % (+35.4 %). Trades on LSE in GDR of Alliance Bank JSC are suspended since April 1, 2009, while expecting clarification of its financial status (-67.3 % in March 2009). Below are the tables providing details on KASE share market in April 2009. Tab. 1. Statistical characteristics of KASE share market in April 2009 ---------------------------------------------------------------------- Trend to --------------------- March Apr. Indicator Apr. 2009 2009 2008 -------------------------------------- --------- ---------- ---------- Trade volume, th. USD 173,779.9 +3.6 % +47.1 % Trade volume, m. KZT 26,169.9 +3.5 % 1.8 times including, on offerings, th. USD - - - including, on offerings, m. KZT - - - including on STF RFCA, th. USD 13.3 0.01 times 0.03 times including on STF RFCA, m. KZT 2.0 0.01 times 0.3 times Deals 1,489 +75.4 % -1.1 % Instruments in deals 43 +13.2 % +2.4 % Daily average of deals 68 +59.4 % -1.1 % Daily average volume of deals, th. USD 7,899.1 -5.8 % +47.1 % Daily average volume of deals, m. KZT 1,189.5 -5.9 % +83.8 % Stake of nego deals (number), % 2.3 +1.1 pp -1.2 pp Stake of nego deals (volume), % 34.3 +32.6 pp +27.5 pp Pension assets, % gross 9.2 -27.6 pp -1.0 pp Individuals, % gross 18.4 +0.2 pp -4.0 pp Non-residents, % gross 19.3 +16.1 pp -15.2 pp KASE members, concluded deals 47 +11.9 % 0 Market concentration, %* 58.1 -22.4 pp +6.2 pp ---------------------------------------------------------------------- *percent of total share turnover, which falls on most tradable securities (their number makes 5 % of the total of stocks, involved in deals). Tab. 2. Industrial characteristics of KASE share market* ----------------------------------------------------------------- Stake of total volume of market (%): ------------------------------------ Apr. March Apr. Industry 2009 2009 2008 ---------------------------- ----------- ----------- ------------ Raw material sector 44.6 0.4 0.8 Power engineering 29.6 39.7 39.2 Finance 11.9 6.3 57.3 Main consumer sector 5.7 50.6 0.2 Industry 4.2 - >0.001 Telecommunications services 2.8 1.0 2.4 Information technologies 0.7 - - Discretional consumer sector 0.4 1.9 0.05 Public services 0.002 0.003 0.1 Public health - - - ----------------------------------------------------------------- *Industrial classification of turnover structure has been compiled in accordance with industry Classification Standard (GICS) Standard and Poor's Tab. 3. KASE index dynamics in various periods at the moment of trade close as on April 30, 2009 (basis actual/365) ------------------------------------------ Trend in: -------------- Period % % APR --------------------------- ------ ------- For preceding 30 days + 31.6 + 385.0 Since the beginning of 2008 - 65.9 - 49.3 For last 365 days (year) - 65.2 - 65.2 In 2007 + 12.2 + 12.2 Form the beginning of 2007 - 61.7 - 26.5 ------------------------------------------ Tab. 4. Main indicators of exchange purchase and sale share market in April 2009 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 31.03.09 26,203.23 683.64 1,878.8 283.8 53 01.04.09 26,201.18 683.21 13,241.3 1,999.3 39 02.04.09 27,734.02 720.09 11,627.2 1,755.5 91 03.04.09 28,962.02 747.73 3,043.0 459.5 50 06.04.09 28,913.95 770.11 3,106.6 469.3 61 07.04.09 27,926.74 729.17 5,289.0 798.9 74 08.04.09 27,829.97 720.71 819.6 123.8 50 09.04.09 28,424.87 796.84 1,385.0 208.8 96 10.04.09 30,163.52 838.64 899.1 135.5 90 13.04.09 30,398.50 813.42 896.2 135.2 56 14.04.09 30,937.26 840.26 3,829.6 577.0 98 15.04.09 31,597.66 847.22 24,341.8 3,658.8 76 16.04.09 31,235.77 846.22 14,774.4 2,218.7 71 17.04.09 31,976.34 853.94 11,916.9 1,789.3 72 20.04.09 32,240.67 859.61 1,782.4 268.0 50 21.04.09 30,769.93 855.41 6,646.8 1,000.3 84 22.04.09 31,852.06 854.41 883.8 133.2 49 23.04.09 32,464.36 878.47 1,015.7 153.0 59 24.04.09 32,721.98 890.86 5,014.6 755.1 67 27.04.09 32,510.15 862.72 4,038.2 608.4 68 28.04.09 32,640.06 864.60 2,611.8 393.5 52 29.04.09 32,426.72 876.74 1,346.2 202.9 46 30.04.09 33,155.13 899.98 55,270.8 8,326.0 90 -------- --------------- ---------- --------- --------- -------- Trend 6,951.9 216.3 % +26.5 +31.6 ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in April 2009 ----------------------------------------------------------------- Shares: Instruments: Issuers: Admission ----------- ------------ ----------- category Numb. trend Numb. trend Numb. trend ---------------------------- ----- ----- ------ ----- ----- ----- First 27 0 36 -2 19 0 Incl. MTF KASE 26 0 26 0 18 0 Incl. STF RFCA 10 -2 10 -2 6 -1 ---------------------------- ----- ----- ------ ----- ----- ----- Second 41 +1 47 +1 29 +1 Incl. MTF KASE 34 +1 34 +1 25 +1 Incl. STF RFCA 13 0 13 0 8 0 ---------------------------- ----- ----- ------ ----- ----- ----- Third 51 +2 53 +3 46 +1 Incl. MTF KASE 41 -1 41 -1 38 -1 Incl. STF RFCA 12 +4 12 +4 10 +1 ---------------------------- ----- ----- ------ ----- ----- ----- Investment funds` securities 2 0 2 0 2 0 Incl. MTF KASE 1 0 1 0 1 0 Incl. STF RFCA 1 0 1 0 1 0 ---------------------------- ----- ----- ------ ----- ----- ----- Unlisted securities 4 0 4 0 4 0 ---------------------------- ----- ----- ------ ----- ----- ----- Total 118 +1 136 +2 91 +1 ----------------------------------------------------------------- Notes: MTF KASE - main trade floor of KASE; STF RFCA - Special Trade Floor of Regional Financial Centre of Almaty; due to STF RFCA launching securities (bonds) of one denomination the re could be two exchange instruments, different in trading code, and trading and settlements terms. Tab. 6. Results of trades in shares on KASE in April 2009 (according to data on deals, concluded on the secondary market by open trade method) -------------------------------------------------------------------------------- Price, tenge per share: -------------------------------------------------------- by last deal for last 365 days Volume Share ---------------- -------------------- of deals, Num.of symbol min. max. price trend% min max th. USD deals ------- -------- --------- --------- ------ --------- ---------- --------- ----- AMGZp 29000.0 29955.00 29000.00 13918.00 49000.00 117.8 2 ASBN 911.0 2000.00 1000.00 -9.1 700.00 20300.00 2.0 5 ASBNp1 2000.0 2000.00 2000.00 2000.00 12200.00 1.7 1 ASFI 22728.0 25000.00 22728.01 0 18000.00 25000.00 1415.1 9 ASFIp 22728.0 22728.00 22728.00 13650.00 25000.00 16.6 2 ATFB 5300.0 5300.00 5300.00 -28.9 5300.00 24000.00 14.6 1 aZERD 6.7 6.71 6.71 3.51 6.71 13.3 1 AZNO 1089.0 1089.00 1089.00 0 1089.00 10000.00 861.3 34 BTAS 2200.0 3200.00 2700.00 -15.6 1202.00 83200.00 192.9 57 CCBN 225.0 630.00 630.00 +162.5 200.00 2000.00 2055.7 85 CSBN 4283.8 4283.76 4283.76 0 3850.00 5550.00 2.8 1 DAMU 1240.0 2000.00 1240.00 1240.00 2046.00 20.0 14 EXBN 499.0 550.00 550.00 +0.2 499.00 2400.00 648.6 22 EXBNp 1140.0 1140.00 1140.00 0 1140.00 1350.00 0.8 1 GB_ENRC 900.0 1342.00 1342.00 +50.8 395.00 3750.00 272.0 49 GB_KZMS 899.0 1232.00 1200.00 +45.5 370.00 4600.00 522.8 108 GLOT 5000.0 5000.00 5000.00 5000.00 6440.00 25.3 1 HSBK 78.0 114.00 113.50 +55.5 61.51 521.00 1045.5 149 HSBKp1 109.1 110.00 109.11 109.10 322.00 327.4 2 KATRp 10000.0 10000.00 10000.00 0 10000.00 10000.00 9935.1 2 KAZI 150.0 150.00 150.00 150.00 150.00 564.8 1 KAZIp 200.0 300.00 300.00 200.00 300.00 6673.1 11 KIBN 210.0 230.00 210.00 -8.7 210.00 330.00 2.1 2 KKGB 250.0 297.00 275.00 0 190.00 1100.00 442.3 70 KKGBp 94.0 94.00 94.00 -9.1 86.36 420.00 3.1 1 KMSO 4000.0 4400.00 4000.00 3050.00 12800.00 1.5 3 KZTK 7800.0 13210.00 13200.00 +65.0 5000.00 41000.00 3560.3 250 KZTKp 3850.0 6999.00 6200.00 +87.9 1880.50 19900.00 1188.4 117 MMGZp 2750.0 3500.00 3150.00 +43.2 2000.00 20000.00 135.5 13 MREK 2400.0 2400.00 2400.00 0 2400.00 2970.00 3.2 1 NFBN 2000.0 4460.00 2000.00 -55.6 1321.00 5270.00 12132.3 16 NRBN 18500.0 18500.00 18500.00 18139.53 22727.00 25.4 1 ORDB 500.0 555.00 550.00 0 250.00 2750.00 1454.2 50 RAHT 2300.0 2300.00 2300.00 1000.00 3000.00 9.1 1 RDGZ 13100.0 15700.00 15700.00 +18.5 6201.00 24500.00 21515.3 331 SATC 71.0 78.10 71.00 0 70.00 1000000.00 24293.4 14 TEBNp 276.0 302.50 302.50 0 275.00 2805.00 69.2 2 TSBN 600.0 601.00 600.00 -0.2 600.00 1925.00 4.8 2 UTMK 27300.0 36856.36 27300.00 19000.00 36856.36 23340.3 6 UTMKp 4997.0 4998.00 4997.00 3000.00 5000.00 33.3 2 VSTN 280000.0 348000.00 280000.00 -19.5 280000.00 360310.83 739.7 9 ZERD 5.5 6.71 5.50 -18.0 3.50 6.71 412.2 5 ------- -------- --------- --------- ------ --------- ---------- --------- ----- 42 114094.7 1454 -------------------------------------------------------------------------------- Notes: The table provides data on the shares, in which the deals were concluded by one of the open trade methods. Trends (change in %) are provided in relation to the last deal of the preceding month (March 1 - 31, 2009). Trend is not computed, if there were no deals in the preceding month. Tab. 7. Top 10 most liquid shares of KASE in April 2009, including STF RFCA ----------------------------------------------------------------------- Liquidity indicator calculation base (Kl): ------------------------------------------ Rank ---------- Liquidity volume number number Apr. March Share indicator of deals, number of KASE resultant 2009 2009 symbol Kl m. KZT of deals members days ---- ----- ------- --------- ----------- ---------- -------- ---------- 1 1 RDGZ 2.92 3,242.9 331 32 21 2 3 KZTK 2.18 536.3 250 28 21 3 2 HSBK 1.92 157.5 149 31 21 4 11 CCBN 1.47 309.7 85 25 17 5 12 KZTKp 1.42 179.0 117 18 21 6 4 GB_KZMS 1.38 78.8 108 21 17 7 7 KKGB 1.223 66.6 70 19 18 8 6 BTAS 1.219 29.1 57 21 17 9 5 GB_ENRC 1.16 41.0 49 19 18 10 8 SATC 0.93 3,647.9 14 8 6 ----------------------------------------------------------------------- Notes: For calculation of Kl only data on deals concluded in KASE secondary market sector by one of the open trade methods are accounted. The methodology of calculation of this indicator is available in the corresponding section of the document, released at http://www.kase.kz/mix/rsp.pdf in Russian and at http://www.kase.kz/eng/mix/rsp.pdf in English. Tab. 8. Top 10 most capitalized listing companies of KASE, shares of which were listed on the official list of securities of the Exchange (as on the moment of trades close on the indicated dates) -------------------------------------------------------------------------------- As on 30.04.09: As on 31.03.09: Trend: --------------------- --------------------- ---------------- Short or capitali- compa- capitali- capitali- contraction name zation ny zation company zation stake of company rank m. USD stake% rank m. USD stake % m. USD pp ------------------- ---- --------- ------ ---- -------- ------- --------- ------ ENRC PLС 1 11,472.1 34.57 1 7,586.0 22.86 +3,886.09 +11.71 KazMunaiGas Exploration production JSC 2 7,252.5 21.85 2 6,180.4 18.62 +1,072.10 +3.23 KAZAKHMYS PLС 3 3,616.6 10.90 3 2,451.3 7.39 +1,165.29 +3.51 ATF Bank JSC 4 1,245.2 3.75 4 1,745.2 5.26 -500.01 -1.51 Kazkommertsbank JSC 5 1,126.1 3.39 5 1,159.3 3.49 -33.19 -0.10 Astana-Finance JSC 6 1,040.8 3.14 6 1,069.0 3.22 -28.23 -0.09 Halyk Savings Bank of Kazakhstan JSC 7 1,003.5 3.02 9 552.5 1.66 +450.99 +1.36 Kazakhtelecom JSC 8 973.7 2.93 7 579.3 1.75 +394.39 +1.19 BTA Bank JSC 9 608.2 1.83 16 183.1 0.55 +425.06 +1.28 Kaspi Bank JSC 10 554.5 1.67 8 554.6 1.67 -0.09 0 -------------------------------------------------------------------------------- Notes: The company stake, % - an indicator, received by cutting off market capitalization of the company to total capitalization of exchange market share of official list of securities of KASE and expressed in percent. As on the market close April 30, 2009 this indicator made USD33,187.4 m. 101 shares of 76 issuers were listed on the official list of KASE. [2009-05-06]