REVIEW: KASE repo market in Januay 2010

/IRBIS, February 3, 2010/ - In January 2010 the market repo operations Kazakhstan Stock Exchange (KASE) recorded the opening 1,209 repo transactions. Trading volume on the amount of involvement (by the execution and fulfillment transactions) amounted to KZT 757.1 billion, or 5,113.4 million dollars at the current rate at the date of the transaction, representing 33.5% of the total trading volume on KASE (in December - 33.5%). Compared with December 2009 the volume of trading in the sector declined to KZT 24.5 billion (in dollar terms - to $ 144.6 million), or 3.1% (in dollar terms - by 2.8%). Relatively January 2010 this figure dropped to KZT 535.9 billion ($ 5,545.8 million) or 41.4% (52.0%). Stock (estimated), turnover (calculated on all transactions executed opening and closing repo) market repo operations in January 2010 amounted to KZT 1,535.2 billion (equivalent to 10,368.1 million U.S. dollars), and grew up on the previous month at 1.2% (1.6% in dollar terms). Structure of the market repo transactions (by Amount raised) on KASE in the sample month was as follows: the share of repo transactions carried out by "automatic" way, had 98.5% of the trades described in the sector of the stock market (KZT 746.0 billion), including repo operations with government securities (GS) - 97.0% (KZT 735.0 billion), the repo transaction with non-issue securities (SS) - 1.5% (KZT 11.0 billion); the share of repo transactions carried out by "direct" manner, had 1.5% of trading volume (KZT 11.1 billion), including repo operations with government securities - 1,3% (10,0 billion tenge), for repo operations with CS - 0,2% (KZT 1.1 billion) or comparison, the structure of the stock market repo operations in December 2009 was characterized by the following indicators: repo operations carried out by "automatic" way - 99.1% (GS - 97.4%; CS - 1.8%); repo operations carried out, "direct" method - 0.9% (GS - 0.6%; CS - 0.3%). Below is a table describing the main market segments of repo KASE in January 2010 (trading volume is the sum of attraction, information on repo transactions with the securities, the implementation of "direct" method (0.2% of the market) will not be published IRBIS because of the very large volume table). Automatic repo deals with GS - 97.0 % of the market ------------------------------------------------------------------------- Yield, % APR Instrument ------------------------------------- Volume, Num- Market (currency, on first mini- maxi- on last weighted KZT ber of share, term, days) deal mum mum deal average m. deals % ----------- -------- ----- ----- ------- -------- --------- ------ ------ KZT_000 0.10 0.10 0.10 0.10 0.10 196.0 2 0.03 KZT_001 0.20 0.05 0.70 0.07 0.17 475,548.2 692 64.70 KZT_002 0.20 0.12 0.60 0.13 0.16 33,609.0 35 4.57 KZT_003 0.25 0.15 0.25 0.15 0.21 47,700.0 16 6.49 KZT_007 0.30 0.20 0.45 0.30 0.27 143,316.0 159 19.50 KZT_014 0.50 0.30 0.80 0.70 0.60 30,616.0 45 4.17 KZT_028 0.50 0.40 1.00 0.65 0.82 3,977.1 27 0.54 ----------- -------- ----- ----- ------- -------- --------- ------ ------ Total 734,962.4 976 100 ------------------------------------------------------------------------- Automatic repo deals with CS - 1.5 % of the market ------------------------------------------------------------------------ Yield, % APR Instrument ------------------------------------- Volume, Num- Market (security, on first mini- maxi- on last weighted m. ber of share, term, days) deal mum mum deal average KZT deals % ----------- -------- ----- ----- ------- -------- -------- ------ ------ ATFBb6_001 5.00 5.00 5.00 5.00 5.00 3,642.0 44 33.09 CCBN_001 5.00 5.00 5.00 5.00 5.00 140.0 2 1.27 CCBN_007 10.00 10.00 13.00 13.00 11.98 63.0 5 0.57 CCBN_014 9.00 9.00 9.00 9.00 9.00 5.0 1 0.05 CCBN_030 12.00 12.00 13.00 13.00 12.87 45.0 3 0.41 CCBNb14_028 5.00 5.00 5.00 5.00 5.00 71.0 1 0.65 CCBNb15_007 10.00 10.00 10.00 10.00 10.00 560.0 4 5.09 CCBNb15_014 10.00 10.00 10.00 10.00 10.00 120.0 2 1.09 CCBNb4_001 5.00 5.00 5.00 5.00 5.00 149.0 3 1.35 EUBNb3_001 5.00 5.00 5.00 5.00 5.00 301.0 7 2.73 GB_ENRC_001 5.00 5.00 5.00 5.00 5.00 13.0 1 0.12 GB_ENRC_028 13.50 7.00 13.50 7.00 11.76 52.0 7 0.47 HSBK_028 12.00 12.00 13.00 13.00 12.59 17.0 2 0.15 HSBKb10_028 5.00 5.00 5.00 5.00 5.00 21.0 1 0.19 HSBKb11_028 5.00 5.00 5.00 5.00 5.00 67.0 1 0.61 HSBKb9_014 5.00 5.00 5.00 5.00 5.00 84.0 2 0.76 HSBKp1_014 11.00 11.00 11.00 11.00 11.00 72.0 1 0.65 KIBNb3_007 6.00 6.00 8.00 8.00 7.36 59.0 8 0.54 KKGB_001 5.00 2.00 5.00 2.00 4.73 11.0 2 0.10 KKGB_007 10.00 6.00 10.00 6.00 6.70 54.0 4 0.49 KKGB_028 12.00 12.00 12.00 12.00 12.00 58.0 2 0.53 KZIKb10_007 10.00 10.00 10.00 10.00 10.00 180.0 3 1.64 KZTK_007 6.00 6.00 6.00 6.00 6.00 9.0 1 0.08 KZTK_014 10.00 10.00 10.00 10.00 10.00 33.0 1 0.30 KZTK_028 12.00 12.00 12.00 12.00 12.00 15.0 2 0.14 KZTKp_001 5.00 5.00 5.00 5.00 5.00 9.0 1 0.08 KZTKp_028 13.00 13.00 13.00 13.00 13.00 16.0 3 0.15 LOGCb1_014 15.00 15.00 15.00 15.00 15.00 50.0 1 0.45 LOGCb1_028 15.00 15.00 15.00 15.00 15.00 15.0 1 0.14 RDGZ_003 10.00 10.00 10.00 10.00 10.00 100.0 1 0.91 RDGZ_007 10.00 10.00 10.00 10.00 10.00 560.0 4 5.09 RDGZ_014 10.00 10.00 10.00 10.00 10.00 120.0 2 1.09 RDGZ_028 12.00 12.00 12.00 12.00 12.00 467.1 8 4.24 TSBN_007 10.00 10.00 12.00 10.00 10.02 2,664.0 19 24.20 TSBN_014 10.00 10.00 12.00 10.00 10.08 1,040.0 8 9.45 TSBN_030 12.50 10.00 12.50 10.00 10.38 125.0 2 1.14 ----------- -------- ----- ----- ------- -------- -------- ------ ------ Total 11,007.2 160 100 ------------------------------------------------------------------------ Direct repo deals with GS - 1.3% of the market ------------------------------------------------------------------- Yield, % APR Term of ------------------------------------- Volume Num- Market repo on first mini- maxi- on last weighted m. ber of share days deal mum mum deal average KZT deals % ------- -------- ----- ----- ------- -------- ------- ------ ------ 0 0.04 0.00 0.04 0.00 0.01 522.2 2 5.24 1 2.50 1.00 2.50 2.01 1.55 8,621.2 34 86.52 2 2.50 2.50 2.50 2.50 2.50 548.7 3 5.51 22 1.82 1.82 1.82 1.82 1.82 272.5 2 2.74 ------- -------- ----- ----- ------- -------- ------- ------ ------ Total 9,964.7 41 100 ------------------------------------------------------------------- [2009-02-03]