REVIEW: KASE share market in May 2009

09.06.09 18:35
/IRBIS, Dinara Mukasheva, June 9, 09/ - In May 2009 Kazakhstan Stock Exchange (KASE) registered 1 858 deals for the total of KZT6.0 bn. or USD39.6 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 15.5 % of monthly turnover of KASE corporate securities market (in April 2009 - 59.5 %) and 0.3 % of the total exchange monthly turnover (1.3 %). By results of May 2009 weighted average day prices of 15 % shares denominations increased (in April 2009 - 23 %), 27 % denominations (49 %) - decreased, prices of 22 % of shares didn't change (21 %). Maximum trend showed the following instruments: KAZI increased by 133.3 %, KASE fell by 97.9 %. KZTKp increased by 87.9 %, KMSO fell by 68.8 %. London Stock Exchange (LSE) quotes equity securities of Kazakh issuers continued growth: global receipts of Kazkommertsbank JSC grew by 33.9 % (+12.6 %), Halyk Savings Bank of Kazakhstan JSC - by 27.0 % (+83.2 %), GDR of Exploration Production KazMunaiGaz JSC - by 27.5 % (+15.8 %), KAZAKHMYS PLC - by 29.1 % (+44.2 %), EURASIAN NATURAL RESOURCES CORPORATION PLC - by 9.1 % (+31.9 %). Below are the tables providing details on KASE share market in May 2009. Tab. 1. Statistical characteristics of KASE share market in May 2009 --------------------------------------------------------------------- Trend to --------------------- Indicator May 2009 Apr. 2009 May 2008 -------------------------------------- -------- --------- ----------- Trade volume, th. USD 39 592.3 0.2 times 0.1 times Trade volume, m. KZT 5 953.8 0.2 times 0.1 times including, on offerings, th. USD - - - including, on offerings, m. KZT - - - including on STF RFCA, th. USD 84.3 6.4 times 0.001 times including on STF RFCA, m. KZT 12.7 6.3 times 0.01 times Deals 1 858 +24.8 % +36.0 % Instruments in deals 41 -4.7 % -2.4 % Daily average of deals 98 +44.4 % +43.1 % Daily average volume of deals, th. USD 2 082.3 0.3 times 0.1 times Daily average volume of deals, m. KZT 313.1 0.3 times 0.1 times Stake of nego deals (number), % 0.7 -1.6 pp -0.5 pp Stake of nego deals (volume), % 1.0 -33.3 pp -1.9 pp Pension assets, % gross 12.1 +2.9 pp +8.8 pp Individuals, % gross 33.2 +14.8 pp -13.6 pp Non-residents, % gross 26.0 +6.7 pp +4.4 pp KASE members, concluded deals 45 -4.3 % -8.2 % Market concentration, %* 50.1 -8.1 pp -40.1 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 (%): ------------ ----------- ----------- May Apr. May Industry 2009 2009 2008 ---------------------------- ------------ ----------- ----------- Power engineering 49.0 29.6 83.7 Finance 29.9 11.9 8.2 Industry 7.4 4.2 - Telecommunications services 5.5 2.8 6.8 Raw material sector 4.7 44.6 0.3 Discretional consumer sector 3.5 0.4 0.03 Main consumer sector 0.04 5.7 0.8 Public services 0.002 0.002 0.1 Information technologies - 0.7 - Public health - - 0.001 ----------------------------------------------------------------- * 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 May 29, 2009 (basis actual/365) ------------------------------------------ Trend in: -------------- Period % % APR --------------------------- ------ ------- For preceding 30 days + 32.0 + 389.3 Since the beginning of 2008 - 56.1 - 39.6 For last 365 days (year) - 56.6 - 56.6 In 2007 + 12.2 + 12.2 Form the beginning of 2007 - 50.8 - 21.1 ------------------------------------------ Tab. 4. Main indicators of exchange purchase and sale share market in May 2009 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 30.04.09 33,155.13 899.98 55,270.8 8,326.0 90 04.05.09 34,373.12 959.45 906.0 136.5 79 05.05.09 35,884.21 982.69 1,770.0 266.7 116 06.05.09 37,050.06 1,032.35 941.3 141.8 91 07.05.09 39,004.95 1,053.16 2,677.9 402.9 177 08.05.09 38,198.71 1,074.20 1,052.9 158.4 90 12.05.09 37,869.09 1,035.99 2,071.0 311.2 70 13.05.09 37,567.56 1,025.36 2,817.9 422.7 93 14.05.09 36,362.46 1,003.85 649.0 97.2 70 15.05.09 36,725.37 1,071.28 3,975.9 597.0 132 18.05.09 36,346.87 1,088.13 857.6 128.9 92 19.05.09 36,892.00 1,129.16 3,624.4 545.2 149 20.05.09 36,877.07 1,145.61 4,945.0 744.7 125 21.05.09 38,127.41 1,156.14 4,652.5 700.6 134 22.05.09 37,957.56 1,165.29 1,410.0 211.9 78 25.05.09 37,842.47 1,141.12 708.4 106.3 56 26.05.09 37,374.23 1,103.74 1,185.3 177.7 54 27.05.09 38,797.97 1,155.79 806.0 121.0 59 28.05.09 38,298.14 1,134.38 1,079.6 162.4 55 29.05.09 39,681.98 1,157.26 3,432.1 516.3 137 30.04.09 33,155.13 899.98 55,270.8 8,326.0 90 04.05.09 34,373.12 959.45 906.0 136.5 79 05.05.09 35,884.21 982.69 1,770.0 266.7 116 -------- --------------- ---------- --------- --------- -------- Trend 6,526.8 257.3 % +19.7 +28.6 ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in May 2009 -------------------------------------------------------- Shares: Instruments: Issuers: Admission ----------- ------------ ----------- category Numb. trend Numb. trend Numb. trend ------------------- ----- ----- ------ ----- ----- ----- First 27 0 36 0 19 0 Incl. MTF KASE 26 0 26 0 18 0 Incl. STF RFCA 10 0 10 0 6 0 ------------------- ----- ----- ------ ----- ----- ----- Second 41 0 47 0 29 0 Incl. MTF KASE 34 0 34 0 25 0 Incl. STF RFCA 13 0 13 0 8 0 ------------------- ----- ----- ------ ----- ----- ----- Third 51 0 53 0 46 0 Incl. MTF KASE 41 0 41 0 38 0 Incl. STF RFCA 12 0 12 0 10 0 ------------------- ----- ----- ------ ----- ----- ----- Investment funds` securities 3 0 3 0 3 0 Incl. MTF KASE 1 0 1 0 1 0 Incl. STF RFCA* 2 0 2 0 2 0 ------------------- ----- ----- ------ ----- ----- ----- Unlisted securities 5 +1 5 +1 5 +1 ------------------- ----- ----- ------ ----- ----- ----- Total 120 +1 138 +1 93 +1 -------------------------------------------------------- * including IFS 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 May 2009 (according to data on deals, concluded on the secondary market by open trade method) -------------------------------------------------------------------------------- Price, tenge per share: --------------------------------------------------------- Volume by last deal for last 365 days of Number Share ---------------- -------------------- deals, of symbol min. max. price trend% min max th. USD deals ------- --------- --------- --------- ------ --------- ---------- ------- ------ aHSBK 175.00 190.00 175.00 83.00 460.00 7.9 2 aHSBKp 147.28 160.00 147.28 112.73 285.00 76.4 3 AMGZp 29000.00 29000.00 29000.00 0 13918.00 49000.00 71.7 2 ASBN 550.01 1000.00 900.00 -10.0 550.01 20300.00 9.0 9 ASFI 22728.01 22728.01 22728.01 0 19900.00 25000.00 25.6 1 AZNO 1089.00 1089.00 1089.00 0 1089.00 10000.00 914.4 37 BTAS 2570.00 3828.00 3828.00 +41.8 1202.00 83200.00 698.7 106 CCBN 280.00 450.00 431.00 -31.6 200.00 2000.00 3718.0 219 CSBN 4283.76 4283.76 4283.76 0 3850.00 5550.00 0.03 1 DAMU 1130.00 1600.00 1130.00 -8.9 1130.00 2046.00 1.8 2 DNBN 500.00 1000.00 500.00 500.00 3905.00 76.2 3 EXBN 550.00 550.00 550.00 0 499.00 2270.58 25.4 2 GB_ENRC 1350.00 1760.00 1600.00 +19.2 395.00 3550.00 275.8 59 GB_KZMS 1270.00 1690.00 1690.00 +40.8 370.00 4180.00 1577.5 139 HSBK 118.00 195.00 178.00 +56.8 61.51 520.00 3427.3 329 HSBKp 109.10 180.00 136.37 88.75 285.00 722.7 22 HSBKp1 118.19 118.20 118.20 +8.3 109.10 296.00 13.3 2 KASE 4200.00 4200.00 4200.00 4200.00 4200.00 112.0 2 KAZI 350.00 350.01 350.00 +133.3 150.00 350.01 105.1 3 KAZIp 290.00 326.00 311.00 +3.7 200.00 326.00 2812.1 19 KKGB 286.00 450.00 345.00 +25.5 190.00 1100.00 1261.2 199 KKGBp 94.00 115.50 100.00 +6.4 86.36 420.00 247.3 32 KMSO 4000.00 4000.00 4000.00 0 3070.00 12800.00 0.3 1 KZTK 13000.00 15000.00 13201.00 +0.01 5000.00 41000.00 1679.7 140 KZTKp 6000.00 6500.00 6200.00 0 1880.50 19000.00 493.2 42 MMGZp 3400.00 3500.00 3500.00 +11.1 2000.00 20000.00 37.1 7 MREK 2400.00 2400.00 2400.00 0 2400.00 2970.00 0.6 1 NFBN 2000.00 2000.00 2000.00 0 1321.00 5270.00 3.2 1 NRBN 18000.00 18000.00 18000.00 -2.7 18000.00 22727.00 53.2 3 ORDB 510.00 550.00 550.00 0 250.00 2700.00 1185.5 42 ORDBp 510.00 550.00 550.00 510.00 2100.00 841.8 26 RAHT 1350.00 1800.00 1800.00 -21.7 1000.00 3000.00 17.0 3 RDGZ 15001.00 18000.00 18000.00 +14.6 6201.00 23500.00 16090.3 341 SATC 71.00 78.10 71.00 0 70.00 1000000.00 39.1 6 TEBN 955.00 955.00 955.00 955.00 8500.00 0.4 1 TEBNp 375.00 376.00 375.00 +24.0 275.00 2805.00 132.6 7 TSBN 660.00 1155.55 1050.51 +75.1 600.00 1925.00 859.0 15 UTMK 29000.00 29000.00 29000.00 +6.2 19000.00 36856.36 9.6 1 VSTN 250000.00 347000.00 270000.00 -3.6 250000.00 360310.83 97.9 6 ZERD 6.10 6.50 6.50 +18.2 3.51 6.71 5.3 2 ZERDp 3.95 3.95 3.95 3.95 4.30 1365.3 1 ------- --------- --------- --------- ------ --------- ---------- ------- ------ 41 39090.7 1839 -------------------------------------------------------------------------------- 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 (April 1 - 30, 2009). Trend is not computed, if there were no deals in the preceding month. Tab. 7. Top 10 most liquid shares of KASE in May 2009, including STF RFCA ---------------------------------------------------------------------- Liquidity indicator calculation base (Kl): Rank ------------------------------------------ --------- Liquidity volume number number May Apr. Share indicator of deals, number of KASE resultant 2009 2009 symbol Kl m. KZT of deals members days ---- ---- ------- --------- ----------- ---------- -------- ---------- 1 1 RDGZ 3.00 2,419.65 341 37 19 2 3 HSBK 2.57 515.02 329 37 19 3 4 CCBN 2.01 559.48 219 28 19 4 7 KKGB 1.85 189.65 199 27 19 5 2 KZTK 1.64 252.43 140 26 18 6 6 GB_KZMS 1.58 237.30 139 23 19 7 8 BTAS 1.49 107.00 108 24 19 8 9 GB_ENRC 1.14 41.47 59 20 16 9 5 KZTKp 0.89 74.18 42 14 14 10 32 KKGBp 0.77 37.21 32 16 9 ---------------------------------------------------------------------- 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 29.05.09: As on 30.04.09: Trend: ---------------------- ---------------------- --------------- Short or capitali- company capitali- company capitali- contraction name zation stake zation stake zation stake of company rank m. USD % rank m. USD % m. USD pp ---------------- ---- --------- ------- ---- --------- ------- --------- ----- ENRC PLC 1 13,620.7 34.30 1 11,472.1 34.57 +2,148.6 -0.27 KazMunaiGas EP 2 8,069.9 20.32 2 7,252.5 21.85 +817.5 -1.53 KAZAKHMYS PLŠ” 3 5,985.3 15.07 3 3,616.6 10.90 +2,368.7 +4.17 Halyk Bank 4 1,551.6 3.91 7 1,003.5 3.02 +548.2 +0.88 Kazkommercebank 5 1,415.1 3.56 5 1,126.1 3.39 +289.0 +0.17 ATFBank 6 1,246.8 3.14 4 1,245.2 3.75 +1.7 -0.61 Astana-Finance 7 1,003.8 2.53 6 1,040.8 3.14 -37.0 -0.61 Kazakhtelecom 8 976.5 2.46 8 973.7 2.93 +2.8 -0.47 BTA Bank 9 851.7 2.14 9 608.2 1.83 +243.5 +0.31 Kaspi Bank 10 555.2 1.40 10 554.5 1.67 +0.7 -0.27 ------------------------------------------------------------------------------ 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 May 29, 2009 this indicator made USD39,682.0 m. 101 shares of 76 issuers were listed on the official list of KASE. [2009-06-09]