REVIEW: KASE share market in December 2009

10.01.10 21:18
/IRBIS, January 10, 2010/ - In December 2009, on the Kazakhstan Stock Exchange (KASE) on shares in all sectors of the market, including deals on the special trading floor of the Regional Financial Center of Almaty (RFCA), recorded 1,322 transactions totaling KZT 29.7 billion or 200.0 million U.S. dollars at the current rate at the date of the transaction. This amount is 53.5% of the monthly volume of transactions in the market of corporate securities KASE (November 2009 - 93.9%) and 1.3% of the total exchange monthly turnover (14.8%). Recall that a significant increase in volume of transactions in November 2009 in the stock market was due to KASE the conclusion of December 25, 2009 entry into the trade system of KASE a deal to sell 100.0% of total number of offered common shares of 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. As a result of December 2009 at the KASE increased average daily price of 49% of items of stock (in November 2009 - 50%), decreased - 40% of titles (39%), prices are 6% of the shares has not changed (11%), 6% - traded the first time. Maximum trends in the monthly results demonstrated the following tools: ZNGRp rose 12,564.0%, AKFI fell to 90.0%. In November 2009 ORDB grew by 166.7%, ZERD fell to 84.3%. On the London Stock Exchange (LSE) global receipts Kazkommertsbank increased by 1.1% (in November increased by 28.6%), JSC KazMunaiGas EP - on 3.5% (+1.9%) , KAZAKHMYS PLC - on 6.7% (13.2%), JSC National's Savings Bank of Kazakhstan- by 13.9% (+22.1%), ENRC - 5.8% (+3.4 %). Below are the tables providing details on KASE share market in Dec. 2009. Table 1. Statistical characteristics of KASE share market in December 2009 -------------------------------------------------------------------- Trend to ------------------- Indicator Dec. 2009 Nov. 2009 Dec. 2008 -------------------------------------- --------- --------- --------- Trade volume, th. USD 199,971.3 0.1 times -58.5% Trade volume, m. KZT 29,664.6 0.1 times -48.9% including, on offerings, th. USD - - - including, on offerings, m. KZT - - - Deals 1,322 -35.0% -11.7% Instruments in deals 36 +20.0% -33.3% Daily average of deals 63 -38.1% -17.4% Daily average volume of deals, th. USD 9,522.4 0.1 times 0.4 times Daily average volume of deals, m. KZT 1,412.6 0.1 times 0.4 times Stake of nego deals (number), % 0.1 -0.02 pp -2.3 pp Stake of nego deals (volume), % 0.0001 -0.01 pp -0.7 pp Pension assets, % gross 10.4 -9.5 pp -15.1 pp Individuals, % gross 37.8 +6.6 pp +25.9 pp Non-residents, % gross 12.8 -7.1 pp -3.7 pp KASE members, concluded deals 44 +12.8% -10.2% Market concentration, % 90.2 -8.9 pp +20.9 pp -------------------------------------------------------------------- * indicates the percentage of the total turnover of shares, which accounts for most traded securities (Their number is 5% of the total number of titles of shares involved in the transaction). Tab. 2. Industrial characteristics of KASE share market* ----------------------------------------------------------------- Stake of total volume of market (%): ------------ ----------- ----------- Industry Dec. 2009 Nov. 2009 Dec. 2008 ---------------------------- ------------ ----------- ----------- Finance 57.4 0.8 55.2 Power energy 20.8 0.3 1.2 Discretional consumer sector 9.2 0.03 0.2 Raw material sector 5.2 0.0001 24.3 Telecommunications services 3.4 98.8 17.8 Main consumer sector 3.0 0.1 0.3 Information technologies 0.7 0.0004 0.00 Public services 0.3 0.004 0.01 Industry 0.007 0.0001 0.9 Public health 0.00 0.05 0.0 ----------------------------------------------------------------- * 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 December 31, 2009 (basis actual/365) ----------------------------------------- Trend in: ------------- Period % % APR --------------------------- ------ ------ For preceding 30 days - 4.7 - 56.6 Since the beginning of 2008 + 95.7 + 95.7 For last 365 days (year) + 95.7 + 95.7 In 2007 - 65.7 - 65.7 Form the beginning of 2007 - 32.9 - 16.5 ----------------------------------------- Tab. 4. Main indicators of exchange purchase and sale share market in December 2009 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 30.11.09 58,059.7 1,837.76 984.5 146.4 73 01.12.09 58,968.9 1,854.57 1,046.6 155.6 71 02.12.09 59,385.6 1,862.41 528.0 78.5 87 03.12.09 59,032.6 1,870.08 901.9 134.2 87 04.12.09 59,070.9 1,859.25 3,293.9 489.9 135 07.12.09 59,061.1 1,834.69 1,362.8 203.0 69 08.12.09 58,427.4 1,807.99 527.3 78.6 64 09.12.09 56,842.8 1,762.65 537.1 80.1 54 10.12.09 57,648.3 1,791.26 862.9 128.6 44 11.12.09 58,000.2 1,800.99 2,056.7 307.0 43 14.12.09 55,419.6 1,748.92 458.0 68.1 43 15.12.09 55,579.3 1,771.92 1,551.1 230.8 50 20.12.09 55,471.6 1,768.80 809.4 120.3 64 21.12.09 55,512.8 1,767.65 659.7 98.0 27 22.12.09 55,810.9 1,752.02 638.9 94.9 62 23.12.09 55,893.4 1,753.46 1,772.6 263.1 56 24.12.09 56,805.8 1,735.16 421.8 62.6 59 25.12.09 57,060.6 1,782.06 180,749.0 26,805.1 71 28.12.09 56,880.5 1,775.40 247.2 36.7 46 29.12.09 57,806.8 1,764.07 307.9 45.7 61 30.12.09 57,006.7 1,744.15 948.1 140.7 75 31.12.09 57,296.5 1,768.26 290.4 43.1 54 -------- --------------- ---------- --------- --------- -------- Trend -763.2 -69.5 . . . % -1.3 -3.8 . . . ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in December 2009 ------------------------------------------- Shares: Issuers: Admission ----------------------- category Numb. trend Numb. trend ------------------- ----- ----- ----- ----- First 22 0 15 0 ------------------- ----- ----- ----- ----- Second 37 -1 26 -1 Third 39 -2 36 -1 Investment funds` 2 0 2 0 securities Unlisted securities 6 0 5 0 ------------------- ----- ----- ----- ----- Total 106 -3 80 -2 ------------------------------------------- Notes: By decision of KASE Listing commission on October 30, 2009 approved the official list of securities of the Joint Trade platform KASE and RFCA. The official list was approved by decision of Exchange Council at October 29, 2009 and came into effect from December 9, 2009. Tab. 6. Results of trades in shares on KASE in December 2009 (according to data on deals, concluded on the secondary market by open trade method) --------------------------------------------------------------------------------- Price, tenge per share: -------------------------------------------------------- Volume Number by last deal for last 365 days Share ------------------- of deals, of symbol min. max. price trend% min max th. USD deals ------- --------- --------- --------- ------ --------- --------- --------- ------ CCBN 690.00 930.00 756.00 -16.1 200.00 955.00 6,689.5 318 CHFM 1100.00 1464.10 1464.10 +40.1 880.00 1464.10 61.0 4 CSBN 4069.57 4283.76 4069.57 3866.09 4300.00 62.0 3 CSBNp 1513.00 1676.02 1513.00 1513.00 1676.02 104.4 4 EXBN 730.00 800.00 800.00 +33.3 499.00 2270.58 999.4 2 GB_ENRC 2070.00 2260.00 2100.00 -2.1 470.00 2385.00 188.9 67 GB_KZMS 2930.00 3280.00 3090.00 -3.4 370.00 3299.00 406.2 84 HSBK 303.02 341.00 328.00 +2.8 61.51 341.00 1,141.3 188 HSBKp 170.00 176.00 170.00 88.75 180.00 0.0 2 KATR 3599.00 3599.00 3599.00 3300.00 3600.00 0.1 1 KIBN 187.00 187.00 187.00 +6.3 152.00 250.00 52.2 2 KKGB 630.00 710.00 665.00 -4.9 250.00 740.00 272.2 81 KKGBp 241.00 310.00 263.00 -12.3 94.00 341.00 1,791.1 41 KZIS 41030.00 41030.00 41030.00 +9.7 28640.00 41420.00 26.2 1 KZPC 1200.00 1250.00 1240.00 +3.3 1200.00 1250.00 128.6 4 KZTC 3025.00 6600.00 3025.00 -40.7 3025.00 12000.00 264.6 13 KZTCp 880.00 880.00 880.00 800.00 1700.00 5.9 1 KZTK 17000.00 19450.00 17300.00 -7.7 5000.00 23000.00 3,441.1 222 KZTKp 8000.00 8888.00 8000.00 -5.9 1880.50 9900.00 374.5 34 MMGZp 5000.00 5000.00 5000.00 +0.02 2000.00 6000.00 67.1 1 MREK 1760.00 1760.00 1760.00 -7.4 1760.00 2400.00 1.2 1 PDES 880.00 880.00 880.00 0 880.00 880.00 0.1 1 RDGZ 21183.00 22400.00 22400.00 +3.9 8300.01 24000.00 609.2 32 REAMfv 250479.00 250479.00 250479.00 250479.00 250479.00 3.4 1 SATC 74.19 74.19 74.19 70.00 860326.70 0.1 1 TEBNp 300.00 300.00 300.00 275.00 910.00 0.7 1 TSBN 940.00 940.00 940.00 -9.1 600.00 1155.55 1.8 3 UTMKp 4500.00 5500.00 5500.00 4500.00 5500.00 2.8 25 ZERD 1.10 7.01 4.90 +345.5 1.10 7.20 1,097.6 82 ZERDp 5.50 5.55 5.55 +0.7 3.95 5.55 711.6 4 ZNGRp 1000000.0 1250000.0 1250000.0 1000000.0 1250000.0 1,015.2 4 ------- --------- --------- --------- ------ --------- --------- --------- ------ 31 19,677.9 1 320 --------------------------------------------------------------------------------- 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 (November 1 - 30, 2009). Trend is not computed, if there were no deals in the preceding month. Tab. 7 Top 10 most liquid shares of KASE in December 2009, including STF RFCA ------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): ------------------------------------------ Rank --------- volume number number Nov. Oct. Share Liquidity of deals, number of KASE resultant 2009 2009 symbol indicator Kl m. KZT of deals members days ---- ---- ------- ------------ ----------- ---------- -------- ---------- 1 1 CCBN 3.00 995.6 318 29 21 2 2 KZTK 2.39 511.5 222 27 21 3 6 HSBK 2.11 169.8 188 27 21 4 7 GB_KZMS 1.43 60.4 84 22 16 5 5 BTAS 1.40 20.5 90 21 16 6 4 KKGB 1.38 40.5 81 21 16 7 3 GB_ENRC 1.34 28.1 67 20 18 8 9 ZERD 1.33 163.2 82 15 20 9 8 RDGZ 1.05 90.6 32 16 15 10 - KKGBp 0.99 265.9 41 12 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 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 31.12.09: As on 30.11.09: 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 1 18,215.5 31.79 1 18,570.9 31.97 -355.4 -0.17 KAZAKHMYS 2 11,140.3 19.44 2 11,401.9 19.63 -261.6 -0.18 KazMunaiGaz PT 3 10,319.9 18.01 3 10,291.4 17.71 +28.5 +0.30 Kazkommertsbank 4 3,709.1 6.47 4 3,748.7 6.45 -39.7 +0.02 Halyk Bank 5 3,187.8 5.56 5 3,107.7 5.35 +80.1 +0.21 Mangistaumunaigaz 6 2,647.3 4.62 6 2,643.5 4.55 +3.7 +0.07 ATF Bank 7 1,343.8 2.35 8 1,341.9 2.31 +1.9 +0.04 Kazakhtelekom 8 1,291.6 2.25 7 1,405.3 2.42 -113.7 -0.16 Bank Center Credit 9 735.7 1.28 9 876.0 1.51 -140.3 -0.22 SAT & Company 10 549.4 0.96 11 477.6 0.82 +71.8 +0.14 -------------------------------------------------------------------------------- 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 December 31, 2009 this indicator made USD 57,296.5 m. 98 shares of 72 issuers were listed on the official list of KASE. [2009-01-10]