REVIEW: KASE share market in September 2009

/IRBIS, Dinara Mukasheva, October 9, 09/ - In September 2009 Kazakhstan Stock Exchange (KASE) registered 1,483 deals for the total of KZT13.7 bn. or USD90.9 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 44.2 % of monthly turnover of KASE corporate securities market (in August 2009 - 66.0 %) and 1.0 % of the total exchange monthly turnover (1.2 %). By results of September 2009 weighted average day prices of 41 % shares denominations increased (in August 2009 - 41 %), 47 % denominations (28 %) - decreased, prices of 6 % of shares didn't change (28 %), traded by first time 6 % (3 %). Maximum trend showed the following instruments: aREALp increased by 60.0 %, AMGZp fell by 37.9 %. In previous month aHSBK increased by 56.3 %, ASBN fell by 33.3 %. 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 30.0 % (in August it rose by 22.0 %), Halyk Savings Bank of Kazakhstan JSC - by 17.0 % (+15.4 %), GDR of Exploration Production KazMunaiGaz JSC - by 1.7 % (+2.1 %), KAZAKHMYS PLC - by 8.6 % (+15.4 %), EURASIAN NATURAL RESOURCES CORPORATION PLC - by 1.3 % (+0.2 %). Below are the tables providing details on KASE share market in September 2009. Tab. 1. Statistical characteristics of KASE share market in September 2009 ----------------------------------------------------------------------- Trend to --------------------- Indicator Sept. 2009 Aug. 2009 Sept. 2008 -------------------------------------- ---------- ---------- ---------- Trade volume, th. USD 90,874.2 -48.8 % -71.3 % Trade volume, m. KZT 13,712.5 -48.8 % -63.8 % including, on offerings, th. USD - - - including, on offerings, m. KZT - - - including on STF RFCA, th. USD 3,975.9 51.4 times 2.1 times including on STF RFCA, m. KZT 600.0 51.4 times 25.9 times Deals 1,483 +31.6 % +12.7 % Instruments in deals 32 0 -38.5 % Daily average of deals 67 +19.6 % +7.6 % Daily average volume of deals, th. USD 4,130.6 -53.5 % -72.6 % Daily average volume of deals, m. KZT 623.3 -53.4 % -65.4 % Stake of nego deals (number), % 0.3 +0.1 pp -2.2 pp Stake of nego deals (volume), % 2.32 +2.3 pp -2.8 pp Pension assets, % gross 24.9 +24.9 pp +6.2 pp Individuals, % gross 34.9 +31.1 pp +21.9 pp Non-residents, % gross 2.4 -91.5 pp -6.1 pp KASE members, concluded deals 40 +5.3 % -18.4 % Market concentration, % 68.8 -25.3 pp +14.2 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 (%): ---------- --------- ---------- Industry Sept. 2009 Aug. 2009 Sept. 2008 ---------------------------- ---------- --------- ---------- Power engineering 49.5 94.5 3.0 Main consumer sector 26.0 0.01 0.01 Finance 21.3 3.9 74.0 Raw material sector 2.2 0.8 14.8 Telecommunications services 0.6 0.5 5.1 Discretional consumer sector 0.5 0.3 2.9 Information technologies 0.0002 - - Industry - - - Public health - - 0.002 Public services - 0.004 0.2 ------------------------------------------------------------ * 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 September 30, 2009 (basis actual/365) ------------------------------------------ Trend in: -------------- Period % % APR --------------------------- ------ ------- For preceding 30 days + 8.5 + 103.3 Since the beginning of 2008 - 42.6 - 24.3 For last 365 days (year) + 6.1 + 6.1 In 2007 + 12.2 + 12.2 Form the beginning of 2007 - 35.6 - 13.0 ------------------------------------------ Tab. 4. Main indicators of exchange purchase and sale share market in September 2009 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 28.08.09 49,510.6 1,394.47 484.9 73.1 50 01.09.09 48,899.8 1,372.38 511.3 77.1 32 02.09.09 46,744.3 1,308.52 954.5 143.8 49 03.09.09 48,106.1 1,330.88 550.6 83.0 17 04.09.09 48,484.7 1,366.11 847.9 127.9 49 07.09.09 49,042.1 1,363.30 180.0 27.1 26 08.09.09 50,222.9 1,396.37 938.5 141.6 57 09.09.09 50,507.5 1,429.61 22,069.1 3,328.5 61 10.09.09 51,364.6 1,455.17 2,951.6 445.3 83 11.09.09 51,682.1 1,471.52 3,758.4 567.1 103 14.09.09 49,867.7 1,421.36 507.0 76.5 49 15.09.09 50,649.7 1,452.40 827.9 125.0 69 16.09.09 51,517.2 1,499.56 1,101.3 166.2 85 17.09.09 52,405.9 1,514.46 4,854.3 732.6 109 18.09.09 51,777.5 1,546.45 380.5 57.4 59 21.09.09 51,987.0 1,552.85 1,445.2 218.1 74 22.09.09 51,936.3 1,567.84 3,568.9 538.6 101 23.09.09 53,010.1 1,578.59 994.8 150.1 84 24.09.09 52,233.5 1,573.47 20,862.6 3,148.8 63 25.09.09 51,191.6 1,507.39 13,352.8 2,015.6 96 28.09.09 49,359.3 1,489.50 7,182.6 1,084.2 43 29.09.09 50,440.6 1,509.91 1,425.3 215.1 99 30.09.09 51,160.2 1,512.84 1,608.9 242.9 75 -------- --------------- ---------- --------- --------- -------- Trend 1,649.6 118.4 . . . % +3.3 +8.5 . . . ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in September 2009 -------------------------------------------------------- Shares: Instruments: Issuers: Admission ----------- ------------ ----------- category Numb. trend Numb. trend Numb. trend ------------------- ----- ----- ------ ----- ----- ----- First 22 0 29 -1 16 0 Incl. MTF KASE 22 0 22 0 16 0 Incl. STF RFCA 7 -1 7 -1 3 -1 ------------------- ----- ----- ------ ----- ----- ----- Second 38 -3 44 -3 27 -1 Incl. MTF KASE 31 -3 31 -3 23 -1 Incl. STF RFCA 13 0 13 0 8 0 ------------------- ----- ----- ------ ----- ----- ----- Third 50 0 56 0 43 0 Incl. MTF KASE 42 -1 42 -1 36 -1 Incl. STF RFCA 14 +1 14 +1 12 +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 5 0 5 0 5 0 ------------------- ----- ----- ------ ----- ----- ----- Total 114 -3 136 -4 86 -2 -------------------------------------------------------- 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 September 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 ------- ------- ------- ------- ------ ------- --------- --------- ------ AMGZp 18000.0 20400.0 18000.0 13918.0 44999.0 46.7 2 aREALp 8.0 8.0 8.0 5.0 8.0 3,975.9 1 ASFI 16000.0 16001.0 16001.0 16000.0 29500.0 13.3 2 ASZS 21000.0 30000.0 30000.0 21000.0 30000.0 1,179.2 5 BTAS 2100.0 4250.0 2180.0 -22.3 1202.0 55000.0 1,350.5 232 CCBN 450.0 566.5 555.0 +12.1 200.0 1250.0 3,757.2 342 CSBNp 1676.0 1676.0 1676.0 0 1676.0 1954.8 0.4 1 EXBN 550.0 600.0 600.0 +8.9 499.0 2270.6 583.2 3 EXBNp 1045.5 1045.5 1045.5 -8.3 1045.5 1387.7 1.0 1 GB_ENRC 2000.0 2385.0 2208.6 +0.4 395.0 2385.0 862.0 149 GB_KZMS 2163.0 2850.0 2650.0 +10.4 370.0 2850.0 1,110.6 114 HSBK 210.0 285.0 275.0 +19.0 61.5 285.0 976.2 134 KASE 6925.0 6925.0 6925.0 4200.0 7457.0 63.9 1 KATR 3592.0 3600.0 3600.0 3592.0 3600.0 21,445.6 2 KKGB 340.0 497.0 485.0 +28.3 190.0 1100.0 1,349.3 238 KKGBp 95.0 159.5 155.0 86.4 210.0 466.4 56 KZIS 28640.0 28640.0 28640.0 28640.0 45000.0 2,921.3 3 KZPC 1200.0 1200.0 1200.0 1200.0 1200.0 0.2 1 KZTK 15000.0 15999.0 15500.0 -1.3 5000.0 31890.0 534.1 67 KZTKp 6752.0 7425.0 7050.0 -3.6 1880.5 12000.0 30.0 23 MMGZp 5000.0 5000.0 5000.0 0 2000.0 8000.0 2.2 3 NRBN 18000.0 18000.0 18000.0 0 18000.0 21800.0 71.3 3 ORDB 450.0 555.0 555.0 +0.9 250.0 2700.0 660.0 5 RAHT 1200.0 1200.0 1200.0 0 1000.0 2300.0 6.4 1 RDGZ 18500.0 20000.0 19965.0 +1.3 6201.0 21800.0 1,551.1 43 ROSA 666.2 686.2 686.2 334.8 977.8 2,189.1 3 SATC 70.8 71.0 71.0 70.0 1000000.0 41,076.9 7 TEBN 955.0 1050.5 955.0 955.0 5800.0 1,408.5 8 TEBNp 400.0 412.5 400.0 275.0 2400.0 48.7 14 TSBN 800.0 1000.0 800.0 -20.0 600.0 1350.0 163.6 4 TSBNp 865.0 865.0 865.0 865.0 950.0 5.7 1 ZERD 6.1 6.7 6.7 +3.2 5.5 6.7 431.8 7 ------- ------- ------- ------- ------ ------- --------- --------- ------ 32 88,282.3 1,476 ------------------------------------------------------------------------- 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 (August 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 September 2009, including STF RFCA -------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): Rank ------------------------------------------ ---------- volume number number Sept. Aug. Share Liquidity of deals, number of KASE resultant 2009 2009 symbol indicator Kl m. KZT of deals members days ----- ---- ------- ------------ ----------- ---------- -------- ---------- 1 2 CCBN 2.51 566.9 342 30 22 2 4 KKGB 2.19 203.6 238 31 21 3 8 BTAS 2.06 203.8 232 29 19 4 7 GB_ENRC 1.75 130.1 149 25 22 5 1 HSBK 1.62 147.3 134 23 21 6 5 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 - KKGBp 0.98 70.4 56 16 13 10 - SATC 0.68 6,200.1 7 2 4 -------------------------------------------------------------------------- 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 30.09.09: As on 28.08.09: 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 18,841.5 36.81 -54.7 +1.12 KazMunaiGaz EP 2 9,159.2 18.49 3 9,175.2 17.93 -16.0 +0.56 KAZAKHMYS PLС 3 8,518.4 17.20 2 9,326.3 18.22 -807.8 -1.02 Kazkommercebank 4 2,024.7 4.09 4 2,646.2 5.17 -621.4 -1.08 Halyk Bank 5 2,002.3 4.04 5 2,343.3 4.58 -341.0 -0.54 ATFBank 6 1,322.9 2.67 6 1,321.6 2.58 +1.3 +0.09 Kazakhtelecom 7 1,195.8 2.41 7 1,180.1 2.31 +15.7 +0.11 Astana-Finance 8 780.2 1.58 8 764.5 1.49 +15.7 +0.08 BTA Bank 9 610.2 1.23 11 476.6 0.93 +133.6 +0.30 Kaspi Bank 10 558.8 1.13 9 558.3 1.09 +0.6 +0.04 ------------------------------------------------------------------------------ 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 September 30, 2009 this indicator made USD51,160.2 m. 95 shares of 72 issuers were listed on the official list of KASE. [2009-10-09]