KASE listed shares liquidity on secondary market in December and for 2009
/IRBIS, January 6, 09/ - IRBIS Information Agency of Financial Markets (Almaty) rated liquidity of listing companies shares traded on Kazakhstan Stock Exchange (KASE) in December of 2009.
The first 10 positions of the rating are given below. In October these shares constituted for 80.2 % of turnover of corresponding sector of exchange market. Over the specified period, deals in shares of 34 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
Dec. Nov. Share cator of deals, number of KASE successful
2009 2009 symbol (Kl) m. KZT of deals members days
------- ------- ------- --------- ----------- --------- -------- -----------
1 5 CCBN 3.00 995.6 318 29 21
2 1 KZTK 2.39 511.5 222 27 21
3 8 HSBK 2.11 169.8 188 27 21
4 4 GB_KZMS 1.43 60.4 84 22 16
5 6 BTAS 1.40 20.5 90 21 16
6 7 KKGB 1.38 40.5 81 21 16
7 2 GB_ENRC 1.34 28.1 67 20 18
8 3 ZERD 1.33 163.2 82 15 20
9 11 RDGZ 1.05 90.6 32 16 15
10 9 KKGBp 0.99 265.9 41 12 13
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Newcomers "tens of liquidity" in the period under review were ZERD and
KKGBp, supplanted KZTKp (8 th position in November 2009) and MMGZ
(10th position), respectively. Recall, November 25, 2009 in the trade system
of KASE was struck a deal to sell 100.0% of the total number of offered
common shares Mangistaumunaigaz of KZT 387.6 billion ($ 2,602.2 million).
As reported JSC National Company KazMunaiGaz, the acquisition of 100%
of common shares Mangistaumunaigaz the company Central Asia
Petroleum Ltd. Implemented company Mangistau Investments BV - a joint
venture equally owned joint-stock company National company
KazMunaiGas and CNPC Exploration and Development Company Ltd
CNPC E & D.
The inclusion of ordinary shares of JSC Kazcat (ZERD) in liquidity rating of up to December 2009 was probably due to the fact that about 39.5% of the total deals concluded in the secondary market of KASE, wore an internal in nature.
The following table shows the first 10 rankings, based on the share trades at the KASE for 2009. The proportion of the "dozens" in the total turnover of the market shares KASE totaled 11.0%. During this period, the open KASE secondary market transactions were the tools with 81 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 2.50 27,438.1 2,381 49 218
2 HSBK 2.49 10,589.8 2,368 48 236
3 CCBN 2.36 6,305.5 2,293 45 223
4 KZTK 2.13 3,339.9 1,630 47 226
5 BTAS 1.89 9,860.4 1,291 44 208
6 GB_KZMS 1.88 2,675.2 1,449 39 221
7 KKGB 1.85 3,562.7 1,320 42 207
8 GB_ENRC 1.59 679.4 938 37 210
9 KZTKp 1.23 727.2 548 33 153
10 KKGBp 0.89 514.6 206 32 72
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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: see more in Russian and at see more 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 see more
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.
[2010-01-06]