REVIEW: KASE share market in August 2009

18.09.09 18:44
/IRBIS, Dinara Mukasheva, September 18, 09/ - In August 2009 Kazakhstan Stock Exchange (KASE) registered 1,127 deals for the total of KZT26.8 bn. or USD177.5 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 66.0 % of monthly turnover of KASE corporate securities market (in July 2009 - 12.0 %) and 1.2 % of the total exchange monthly turnover (0.2 %). The trading volumes increased significantly through one major "internal" transactions on the secondary market of KASE with common shares KZ1C51440010 (LNPT) Lancaster Petroleum JSC (92,3% of the total deals concluded in the sector). By results of August 2009 weighted average day prices of 41 % shares denominations increased (in July 2009 - 41 %), 28 % denominations (36 %) - decreased, prices of 28 % of shares didn't change (23 %), traded by first time 3 %. Maximum trend showed the following instruments: aHSBK increased by 56,3 %, ASBN fell by 33,3 %. In previous month ASBN increased by 112.8 %, KMSO fell by 50.0 %. In London Stock Exchange (LSE) quotes of Kazakh issuers' equity securities increased by a total growth of investment optimism about the speedy recovery of world economy.: global receipts of Kazkommertsbank JSC grew by 22,0 % (in July it rose by 2.5 %), Halyk Savings Bank of Kazakhstan JSC - by 15.4 % (+25.3 %), GDR of Exploration Production KazMunaiGaz JSC - by 2.1 % (+13.4 %), KAZAKHMYS PLC - by 15.4 % (+36.0 %), EURASIAN NATURAL RESOURCES CORPORATION PLC - by 0.2 % (+27.6 %). Below are the tables providing details on KASE share market in August 2009. Tab. 1. Statistical characteristics of KASE share market in August 2009 ---------------------------------------------------------------------- Trend to --------------------- Indicator Aug. 2009 Jul. 2009 Aug. 2008 -------------------------------------- --------- --------- ----------- Trade volume, th. USD 177,516.1 4.4 times -71.9 % Trade volume, m. KZT 26,764.3 4.4 times -64.7 % including, on offerings, th. USD - - - including, on offerings, m. KZT - - - including on STF RFCA, th. USD 77.4 2.2 times 0.001 times including on STF RFCA, m. KZT 11.7 2.2 times 0.01 times Deals 1,127 +20.5 % +22.9 % Instruments in deals 32 -17.9 % -20.0 % Daily average of deals 56 +32.6 % +29.0 % Daily average volume of deals, th. USD 8,875.8 4.8 times -70.5 % Daily average volume of deals, m. KZT 1,338.2 4.8 times -62.9 % Stake of nego deals (number), % 0.2 -1.1 pp -1.8 pp Stake of nego deals (volume), % 0.03 -4.0 pp -0.4 pp Pension assets, % gross - - - Individuals, % gross 3.9 -24.0 pp -11.2 pp Non-residents, % gross 93.9 +85.5 pp +90.5 pp KASE members, concluded deals 38 -5.0 % -20.8 % Market concentration, % 94.1 +34.3 pp +7.9 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 (%): ---------- --------- --------- Industry Aug. 2009 Jul. 2009 Aug. 2008 ---------------------------- ---------- --------- --------- Power engineering 94.5 18.7 1.2 Finance 3.9 55.6 96.4 Raw material sector 0.8 15.8 0.4 Telecommunications services 0.5 1.2 1.1 Discretional consumer sector 0.3 1.1 0.0003 Main consumer sector 0.01 7.5 0.01 Public services 0.004 0.0 0.9 Industry - 0.01 - Public health - - - Information technologies - - - ----------------------------------------------------------- * 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 August 28, 2009 (basis actual/365) ------------------------------------------ Trend in: -------------- Period % % APR --------------------------- ------ ------- For preceding 30 days + 24.1 + 293.5 Since the beginning of 2008 - 47.1 - 28.3 For last 365 days (year) - 29.5 - 29.5 In 2007 + 12.2 + 12.2 Form the beginning of 2007 - 40.7 - 15.3 ------------------------------------------ Tab. 4. Main indicators of exchange purchase and sale share market in August 2009 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 31.07.09 45,619.4 1,191.74 665.3 100.3 60 03.08.09 46,738.8 1,266.75 854.2 128.8 104 04.08.09 47,785.0 1,280.55 1,870.9 282.1 130 05.08.09 48,466.3 1,296.83 502.4 75.8 41 06.08.09 49,479.9 1,296.99 811.6 122.4 67 07.08.09 47,781.4 1,288.27 1,634.3 246.3 105 10.08.09 48,797.8 1,320.87 459.7 69.3 47 11.08.09 48,374.6 1,315.99 518.6 78.2 39 12.08.09 46,009.2 1,269.23 271.2 40.9 44 13.08.09 47,153.8 1,294.94 584.9 88.2 67 14.08.09 47,258.4 1,303.89 202.6 30.6 28 17.08.09 45,148.3 1,237.98 263.2 39.7 46 18.08.09 45,654.2 1,265.80 890.8 134.4 60 19.08.09 46,257.9 1,281.65 362.8 54.7 38 20.08.09 46,908.3 1,315.65 456.6 68.9 25 21.08.09 47,053.5 1,337.09 926.2 139.7 47 24.08.09 49,426.4 1,381.59 1,116.2 168.3 61 25.08.09 49,170.3 1,381.68 601.1 90.6 27 26.08.09 49,902.6 1,383.37 589.0 88.8 58 27.08.09 48,408.4 1,360.10 164,114.9 24,743.6 43 28.08.09 49,510.6 1,394.47 484.9 73.1 50 -------- --------------- ---------- --------- --------- -------- Trend 5,732.7 122.0 . . . % +14.4 +11.4 . . . ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in August 2009 -------------------------------------------------------- Shares: Instruments: Issuers: Admission ----------- ------------ ----------- category Numb. trend Numb. trend Numb. trend ------------------- ----- ----- ------ ----- ----- ----- First 22 -6 30 -7 16 -4 Incl. MTF KASE 22 -5 22 -5 16 -3 Incl. STF RFCA 8 -2 8 -2 4 -2 ------------------- ----- ----- ------ ----- ----- ----- Second 41 +1 47 +1 28 0 Incl. MTF KASE 34 +1 34 +1 24 0 Incl. STF RFCA 13 0 13 0 8 0 ------------------- ----- ----- ------ ----- ----- ----- Third 50 +1 56 +5 43 -1 Incl. MTF KASE 43 +3 43 +3 37 0 Incl. STF RFCA 13 +2 13 +2 11 +2 ------------------- ----- ----- ------ ----- ----- ----- 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 5 -2 5 -2 5 -1 ------------------- ----- ----- ------ ----- ----- ----- Total 117 -3 140 -3 88 -3 -------------------------------------------------------- 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 August 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 Number Share --------------- ----------------- of deals, of symbol min. max. price trend% min max th. USD deals ------- -------- -------- -------- ------ -------- -------- --------- ------ AZNO 1089.0 1089.0 1089.0 0 1089.0 10000.0 257.9 10 BTAS 2390.0 2805.0 2805.0 +18.6 1202.0 55000.0 308.0 63 CCBN 365.0 495.0 495.0 +37.5 200.0 1410.0 2,258.9 220 CSBN 4283.8 4283.8 4283.8 4283.8 4746.6 29.5 2 CSBNp 1676.0 1676.0 1676.0 0 1676.0 1954.8 0.6 1 EXBN 550.0 551.0 551.0 0 499.0 2270.6 86.3 4 EXBNp 1140.0 1140.0 1140.0 -0.001 1045.5 1387.7 25.8 1 GB_ENRC 1950.0 2350.0 2200.0 +4.3 395.0 2350.0 387.1 63 GB_KZMS 2100.0 2500.0 2400.0 +12.7 370.0 2850.0 908.4 89 HSBK 181.0 255.0 231.0 +34.3 61.5 330.0 3,228.1 313 HSBKp 123.2 123.2 123.2 +11.1 88.8 215.0 1.4 1 KIBN 190.0 190.0 190.0 -0.01 190.0 280.0 20.1 2 KKGB 325.0 380.0 378.0 +20.0 190.0 1100.0 656.9 133 KZTK 13300.0 15950.0 15700.0 +18.9 5000.0 32000.0 559.6 60 KZTKp 6200.0 7315.0 7315.0 +18.0 1880.5 13900.0 290.3 25 LNPT 18928.1 18928.1 18928.1 18928.1 18928.1 163,778.2 1 MMGZp 5000.0 5010.0 5000.0 0 2000.0 12000.0 3.8 4 MREK 2100.0 2100.0 2100.0 2100.0 2800.0 7.1 2 NRBN 18000.0 18000.0 18000.0 18000.0 21900.0 25.8 1 ORDB 550.0 550.0 550.0 0 250.0 2700.0 257.9 10 ORDBp 550.0 550.0 550.0 0 510.0 2100.0 257.9 10 RAHT 1200.0 1200.0 1200.0 1000.0 2300.0 9.5 1 RDGZ 18200.0 20000.0 19700.0 +3.1 6201.0 20000.0 3,120.2 86 TSBN 1000.0 1000.0 1000.0 0 600.0 1670.0 4.2 1 UTMKp 4500.0 4500.0 4500.0 3000.0 4998.0 168.8 2 VSTN 243000.0 267300.0 243000.0 0 243000.0 360310.8 66.9 4 ZERD 6.1 6.7 6.5 0 3.9 6.7 593.5 6 ZERDp 4.0 4.0 4.0 0 4.0 4.3 21.9 1 ------- -------- -------- -------- ------ -------- -------- --------- ------ 32 177,465.0 1,125 ---------------------------------------------------------------------------- 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 (July 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 August 2009, including STF RFCA ------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): Rank ------------------------------------------ --------- volume number number Aug. July Share Liquidity of deals, number of KASE resultant 2009 2009 symbol indicator Kl m. KZT of deals members days ---- ---- ------- ------------ ----------- ---------- -------- ---------- 1 2 HSBK 2.51 486.7 313 27 20 2 5 CCBN 2.11 340.6 220 25 19 3 4 RDGZ 1.66 470.5 86 25 18 4 8 KKGB 1.61 99.1 133 19 19 5 1 GB_KZMS 1.59 137.0 89 23 18 6 7 KZTK 1.41 84.4 60 22 16 7 6 GB_ENRC 1.29 58.4 63 18 17 8 3 BTAS 1.27 46.4 63 20 13 9 12 KZTKp 0.70 43.8 25 12 7 10 - LNPT 0.57 24,692.8 1 1 1 ------------------------------------------------------------------------- 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 28.08.09: As on 31.06.09: 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 18,786.8 37.93 1 18,029.0 39.50 +757.8 -1.57 KazMunaiGaz EP 2 9,159.2 18.49 2 8,834.6 19.36 +324.6 -0.87 KAZAKHMYS PLŠ” 3 8,518.4 17.20 3 7,495.4 16.42 +1,023.0 +0.78 Kazkommercebank 4 2,024.7 4.09 6 1,282.7 2.81 +742.0 +1.28 Halyk Bank 5 2,002.3 4.04 4 1,463.7 3.21 +538.5 +0.84 ATFBank 6 1,322.9 2.67 5 1,323.7 2.90 -0.8 -0.23 Kazakhtelecom 7 1,195.8 2.41 7 1,013.0 2.22 +182.8 +0.19 Astana-Finance 8 780.2 1.58 8 784.4 1.72 -4.2 -0.14 BTA Bank 9 610.2 1.23 10 520.4 1.14 +89.8 +0.09 Kaspi Bank 10 558.8 1.13 9 559.2 1.23 -0.3 -0.10 ------------------------------------------------------------------------------ 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 August 28, 2009 this indicator made USD49,510.6 m. 99 shares of 71 issuers were listed on the official list of KASE. [2009-09-18]