/IRBIS, September 9, 09/ - IRBIS Information Agency of Financial Markets
(Almaty) rated liquidity of listing companies shares traded on Kazakhstan
Stock Exchange (KASE) in August of 2009.
The first 10 positions of the rating are given below. In March these shares
constituted for 59.8 % of turnover of corresponding sector of exchange
market. Over the specified period, deals in shares of 32 denominations
have been made on KASE open secondary market.
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Liquidity indicator calculation base (Kl):
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Posi Posi Liquidity
tion in tion in indi- volume number number of
Aug July Share cator of deals, number of KASE successful
2009 2009 symbol (Kl) m. KZT of deals members days
------- ------- ------- --------- ----------- --------- -------- -----------
1 2 CCBN 2.51 566.9 342 30 22
2 5 KKGB 2.19 203.6 238 31 21
3 4 BTAS 2.06 203.8 232 29 19
4 8 GB_ENRC 1.75 130.1 149 25 22
5 1 HSBK 1.62 147.3 134 23 21
6 7 GB_KZMS 1.46 167.6 114 21 19
7 6 KZTK 1.38 80.6 67 23 19
8 3 RDGZ 1.09 234.1 43 20 13
9 12 KKGBp 0.98 70.4 56 16 13
10 - SATC 0.68 6 200.1 7 2 4
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Newcomers "tens of liquidity" in the period under review were KKGBp and
SATC, supplanted KZTKp (9 th position in August 2009) and LNPT (10 th
position), respectively.
Growth of investment interest in the common shares of Bank CenterCredit
"that determined the increase in CCBN liquidity rating in September 2009,
was supported by the positive outcome of the Bank for the first half of this
year. Lowering the rating RDGZ likely due to investors' expectations of a
decline in these securities in the free circulation due to the program JSC
Exploration Production KazMunaiGas to repurchase its action and the GDR.
Previously, the company announced that from Aug 3 to Sept 4, 2009 will be
held on the reverse procedure redemption of shares and GDRs in the
"closed period". The program repurchase its shares began on 24 November
2008; assumed that the effect of this program will be completed before
October 31, 2009. July 29, 2009, the company announced that since the
beginning of the program the company has repurchased total 8 699 697
East Germany and 110,632 ordinary shares.
Recall that the appearance LNPT in rating the liquidity in August 2009 was
associated with the formation of one major "internal" transactions in the
secondary market KASE (92.3% of the total trading volume in the sector).
The following table shows the first 10 rankings, based on the share trades at
the KASE for the first nine months of 2009. The proportion of the "dozens" in
the total turnover of the market shares KASE totaled 24.1%. During this
period, the open KASE secondary market transactions were the tools with
74 titles.
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Liquidity indicator calculation base (Kl):
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Volume of Number of Number of Number of
Position Share symbol Kl deals, deals KASE- successful
m. KZT members days
-------- ------------ ---- ---------- ---------- --------- ----------
1 RDGZ 2.79 18 957.3 2 156 48 164
2 HSBK 2.17 1 869.9 1 510 45 174
3 BTAS 1.98 9 731.5 1 007 43 159
4 CCBN 1.96 3 525.1 1 265 41 160
5 KZTK 1.77 1 683.5 907 41 163
6 KKGB 1.74 1 982.7 942 40 151
7 GB_KZMS 1.67 2 040.3 943 35 163
8 GB_ENRC 1.42 449.2 580 34 150
9 KZTKp 1.09 514.3 347 30 103
10 ORDB 0.76 1 817.2 272 11 129
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Notes
The rating is based on liquidity indicator (Kl), which is calculated for each
share on a specified period. Positions are rated by sorting shares in
descending order of Kl (the higher Kl, the higher liquidity and position in the
rating). The first position in the rating corresponds to the highest Kl value.
Description of liquidity indicator calculation methods is available in the
document, published at:
http://www.kase.kz/mix/rsp.pdf in Russian and at
http://www.kase.kz/eng/mix/rsp.pdf in English.
IRBIS agency draws attention to the fact that while calculating the
liquidity indicator, only data on deals made in KASE secondary market
sector (including special trading floor of the regional financial center of
Almaty) by one of open trade methods are taken into account.
"p" letter in the end of the symbol means preferred shares, other letters -
common shares.
Full list of symbols of issuers and securities traded on KASE is available at
http://www.kase.kz/instruments/nzb_code.htm
The data aforementioned is not an offer or recommendation to sell or buy
shares on KASE. Using the data while making investment decisions does
not rest the responsibility for possible losses resultant from such decision on
the IRBIS agency.
[2009-10-02]