REVIEW: KASE share market in October 2009

17.11.09 18:58
/IRBIS, Dinara Mukasheva, November 17, 09/ - In October 2009 Kazakhstan Stock Exchange (KASE) registered 1,626 deals for the total of KZT 26.0 bn. or USD 172.1 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 44.7 % of monthly turnover of KASE corporate securities market (in September 2009 - 49.8 %) and 1.0 % of the total exchange monthly turnover (1.0 %). As a result of October 2009 at the KASE increased average daily price of 67% of items of stock (in September 2009 - 41%), decreased - 20% of titles (47%), prices are 13% of the shares did not change (6%). Maximum trends in the monthly results demonstrated the following tools: KZTK increased by 38.9%, KASE decreased to 32.4%. In September 2009 aREALp increased by 60.0%, AMGZp fell to 37.9%. On the London Stock Exchange (LSE) global receipts Kazkommertsbank increased by 7.7% (in September rose by 30.0%), JSC "KazMunaiGas EP" - on 5.7% (+1.7%), KAZAKHMYS PLC - on 1.4% (8.6%). Equity securities Halyk Savings Bank of Kazakhstan fell by 3.1% (+17.0%), ENRC - by 4.9% (+1.3%). Below are the tables providing details on KASE share market in Sept. 2009. Table 1. Statistical characteristics of KASE share market in October 2009 ----------------------------------------------------------------------- Trend to ---------------------- Indicator Oct. 2009 Sept. 2009 Oct. 2008 -------------------------------------- --------- ---------- ----------- Trade volume, th. USD 172,115.0 +89.4 % +14.2 % Trade volume, m. KZT 25,955.3 +89.3 % +43.7 % including, on offerings, th. USD - - - including, on offerings, m. KZT - - - including on STF RFCA, th. USD 51.6 0.01 times 0.001 times including on STF RFCA, m. KZT 7.8 0.01 times 0.01 times Deals 1 626 +9.6 % -18.0 % Instruments in deals 30 -6.3 % -38.8 % Daily average of deals 74 +9.6 % -18.0 % Daily average volume of deals, th. USD 7,823.4 +89.4 % +14.2 % Daily average volume of deals, m. KZT 1,179.8 +89.3 % +43.7 % Stake of nego deals (number), % 0.3 +0.04 pp -1.4 pp Stake of nego deals (volume), % 0.28 -2.0 pp -8.3 pp Pension assets, % gross 27.4 +2.5 pp +13.1 pp Individuals, % gross 13.2 -21.7 pp -17.9 pp Non-residents, % gross 15.2 +12.8 pp +1.0 pp KASE members, concluded deals 41 +2.5 % -22.6 % Market concentration, % 63.1 -5.7 pp +18.1 pp ----------------------------------------------------------------------- * percent of total share turnover, which falls on most tradable securities (their number makes 5 % of the total of stocks, involved in deals). Table 2. Industrial characteristics of KASE share market* ----------------------------------------------------------------- Stake of total volume of market (%): ----------- ------------ ----------- Industry Oct. 2009 Sept. 2009 Oct. 2008 ---------------------------- ----------- ------------ ----------- Finance 51.8 21.3 50.5 Power energy 43.3 49.5 19.2 Discretional consumer sector 1.9 0.5 6.1 Raw material sector 1.6 2.2 12.5 Telecommunications services 1.3 0.6 6.9 Main consumer sector 0.01 26.02 0.02 Information technologies 0.006 0.0002 5 Public services 0.00002 - 0.01 Industry - - - Public health - - 0.01 ----------------------------------------------------------------- * 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 +11.1 +135.4 Since the beginning of 2008 +86.1 +103.7 For last 365 days (year) +76.7 +76.7 In 2007 -65.7 -65.7 Form the beginning of 2007 -36.2 -12.8 ---------------------------------------- Table 4. Main indicators of exchange purchase and sale share market in October 2009 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 30.09.09 51,160.2 1,512.84 1,608.9 242.9 75 01.10.09 51,574.4 1,539.05 1,722.7 260.0 95 02.10.09 49,457.9 1,481.48 1,341.4 202.5 80 05.10.09 49,332.3 1,471.00 121.6 18.4 37 06.10.09 50,788.1 1,505.43 13,181.7 1,990.0 53 07.10.09 51,530.8 1,546.56 35,236.3 5,318.6 84 08.10.09 52,926.9 1,552.19 959.1 144.7 53 09.10.09 52,506.8 1,527.99 1,009.6 152.2 61 12.10.09 53,393.7 1,583.02 793.3 119.5 65 13.10.09 53,889.4 1,595.43 676.9 102.0 59 14.10.09 55,060.9 1,620.23 566.4 85.4 70 15.10.09 56,218.2 1,647.75 872.4 131.5 98 16.10.09 56,067.5 1,663.36 841.2 126.8 53 19.10.09 54,949.9 1,658.85 4,284.4 645.8 53 20.10.09 56,918.8 1,693.19 539.8 81.4 41 21.10.09 55,835.5 1,678.54 21,029.5 3,170.4 120 22.10.09 55,880.0 1,673.75 680.4 102.5 77 23.10.09 57,147.4 1,738.69 3,422.5 515.6 140 26.10.09 56,372.4 1,722.73 677.2 102.0 66 27.10.09 55,470.8 1,700.05 2,445.8 368.6 86 28.10.09 54,421.7 1,622.63 646.8 97.5 85 29.10.09 53,309.7 1,599.40 26,952.8 4,062.9 69 30.10.09 56,096.3 1,681.20 54,113.2 8,157.0 81 -------- --------------- ---------- --------- --------- -------- Trend 4,936.1 168.4 . . . % +9.6 +11.1 . . . ---------------------------------------------------------------- Table 5. Changes in shares tradable on KASE in October 2009 -------------------------------------------------------- Shares: Instruments: Issuers: Admission ------------------------------------ category Numb. trend Numb. trend Numb. trend ------------------- ----- ----- ------ ----- ----- ----- First 23 +1 30 +1 16 0 Incl. MTF KASE 23 +1 23 +1 16 0 Incl. STF RFCA 7 0 7 0 3 0 ------------------- ----- ----- ------ ----- ----- ----- Second 38 0 44 0 27 0 Incl. MTF KASE 31 0 31 0 23 0 Incl. STF RFCA 13 0 13 0 8 0 ------------------- ----- ----- ------ ----- ----- ----- Third 51 +1 57 +1 44 +1 Incl. MTF KASE 43 +1 43 +1 37 +1 Incl. STF RFCA 14 0 14 0 12 0 ------------------- ----- ----- ------ ----- ----- ----- 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 4 -1 ------------------- ----- ----- ------ ----- ----- ----- Total 116 +2 138 +2 87 +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. Table. Results of trades in shares on KASE in October 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 Share ------- --------- of deals, of symbol min. max. price trend% min max th. USD deals ------- ------- ------- ------- ------ ------- --------- --------- ------ aHSBK 265.0 270.0 270.0 83.0 270.0 51.6 2 ASBN 800.0 800.0 800.0 550.0 13500.0 6.6 1 ASFI 17500.0 17500.0 17500.0 +9.4 16000.0 29500.0 8.9 2 BTAS 2200.0 2838.0 2220.0 +1.8 1202.0 55000.0 611.6 123 CCBN 520.0 627.0 593.0 +6.8 200.0 1050.0 6 002.6 306 GB_ENRC 2000.0 2350.0 2230.0 +1.0 395.0 2385.0 1 029.0 183 GB_KZMS 2400.0 3280.0 3070.0 +15.8 370.0 3290.0 1 614.2 201 HSBK 250.0 290.0 275.0 0 61.5 290.0 53 894.3 170 HSBKp 148.5 179.7 168.4 88.8 180.0 26 321.2 7 HSBKp1 143.0 150.0 143.0 109.1 167.0 84.5 5 KASE 4681.4 4681.4 4681.4 -32.4 4200.0 7457.0 165.7 1 KATR 3300.0 3300.0 3300.0 -8.3 3300.0 3600.0 7.7 1 KIBN 152.0 152.0 152.0 152.0 260.0 0.2 1 KKGB 459.0 570.0 555.0 +14.4 250.0 1100.0 1 217.9 143 KKGBp 169.5 231.0 214.5 +38.4 86.4 270.6 438.2 35 KMSO 4000.0 4400.0 4400.0 3070.0 12800.0 25.9 2 KZPC 1200.0 1200.0 1200.0 0 1200.0 1200.0 10.6 6 KZTK 15500.0 23000.0 21500.0 +38.7 5000.0 23000.0 1 249.8 128 KZTKp 6750.0 9900.0 9050.0 +28.4 1880.5 9900.0 755.5 122 MMGZp 5040.0 6000.0 5040.0 +0.8 2000.0 8000.0 1.7 3 MREK 2090.0 2090.0 2090.0 1900.0 2800.0 0.0 1 NFBN 2000.0 2000.0 2000.0 2000.0 5270.0 26.7 4 RAHT 1250.0 1250.0 1250.0 +4.2 1000.0 2300.0 7.2 2 RDGZ 19960.0 23500.0 22000.0 +10.2 6400.0 23500.0 54 706.5 128 SATC 71.0 71.0 71.0 0 70.0 1000000.0 19 833.6 5 TEBN 955.0 1000.0 955.0 0 955.0 5500.0 13.7 4 TEBNp 373.0 400.0 373.0 -6.8 275.0 2400.0 9.9 5 TSBN 850.0 1078.0 940.0 +17.5 600.0 1155.6 160.7 17 ZERD 7.0 7.0 7.0 +4.5 5.5 7.0 29.5 1 ZERDp 5.0 5.0 5.0 4.0 5.0 3 312.6 1 ------- ------- ------- ------- ------ ------- --------- --------- ------ 30 171 598.1 1 610 ------------------------------------------------------------------------- Notes: The table provides data on the shares, in which 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. Table 7. Top 10 most liquid shares of KASE in October 2009, including STF RFCA -------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): ------------------------------------------ Rank ---------- volume number number Oct. Sept. Share Liquidity of deals, number of KASE resultant 2009 2009 symbol indicator Kl m. KZT of deals members days ---- ----- ------- ------------ ----------- ---------- -------- ---------- 1 5 HSBK 2.525 8,124.1 170 28 21 2 1 CCBN 2.519 904.6 306 27 22 3 8 RDGZ 2.25 8,256.1 128 24 21 4 4 GB_ENRC 2.07 155.1 183 27 22 5 6 GB_KZMS 2.06 243.4 201 25 22 6 7 KZTK 1.93 188.3 128 28 22 7 2 KKGB 1.86 183.6 143 26 20 8 3 BTAS 1.78 98.8 134 24 21 9 11 KZTKp 1.46 113.9 122 18 18 10 9 KKGBp 0.91 66.1 35 14 13 -------------------------------------------------------------------------- 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 document, released at http://www.kase.kz/mix/rsp.pdf in Russian and at http://www.kase.kz/eng/mix/rsp.pdf in English. Table 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 30.10.09: As on 30.09.09: 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 18,841.5 36.59 1 18,786.8 37.93 +54.7 -1.34 KAZAKHMYS 2 9,326.3 18.11 3 8,518.4 17.20 +807.8 +0.91 KazMunaiGaz EP 3 9,175.2 17.82 2 9,159.2 18.49 +16.0 -0.67 Kazkommertsbank 4 2,646.2 5.14 4 2,024.7 4.09 +621.4 +1.05 Halyk Bank 5 2,343.3 4.55 5 2,002.3 4.04 +341.0 +0.51 ATFBank 6 1,321.6 2.57 6 1,322.9 2.67 -1.3 -0.10 Kazakhtelecom 7 1,180.1 2.29 7 1,195.8 2.41 -15.7 -0.12 Astana-Finance 8 764.5 1.48 8 780.2 1.58 -15.7 -0.09 Caspian bank 9 558.3 1.08 10 558.8 1.13 -0.6 -0.04 Bank Center Credit 10 531.2 1.03 12 465.1 0.94 +66.1 +0.09 -------------------------------------------------------------------------------- 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 market close Oct. 30, 2009 this indicator made USD 51,470.3 m. 95 shares of 72 issuers were listed on the official list of KASE. [2009-17-11]