REVIEW: KASE repo market in February 2010

/IRBIS, March 4, 2010/ - In February 2010, the market repo operations Kazakhstan Stock Exchange (KASE) recorded the opening 1,641 repo. Trading volume on the amount of involvement (by the execution and fulfillment transactions) amounted to KZT1,089.2 billion or USD7,371.7 million at the current rate at the date of the transaction, representing 33.5% of the total trading volume on KASE (in January 2010 - 33.5%). In comparison with January 2010 the volume of trading in the sector rose by KZT332.1 billion (in dollar terms - to $2,258.3 million) or 43.9% (in dollar terms - by 44.2%). Relatively February 2009 this figure dropped to KZT155.0 billion ($ 1,163.9 million) or 12.5% (13.6% in dollar terms). Stock (estimated), turnover (calculated on all transactions executed opening and closing repo) market repo operations in February 2010 amounted to KZT2,155.8 billion (equivalent to 14,589.3 million), and grew up on the previous month to 40.4% (40.7% in dollar terms). Structure of the market repo transactions (by Amount raised) on KASE in the sample month was as follows: - Share of repo transactions carried out by "automatic" way, had 99.1% of the trades described in the sector of the stock market (KZT1,079.3 billion), including repo operations with government securities (GS) - 98.3% (KZT1,070.3 billion), the repo transaction with non-issue securities (SS) - 0.8% (KZT9.0 billion); - Share of repo transactions carried out by "direct" manner, had 0.9% of trading volume (KZT9.9 billion), including repo operations with government securities - 0.8% (KZT8.9 billion), for repo operations with CS - 0.1% (KZT1.0 bn.). For comparison, the structure of the stock market repo operations in January 2010 was characterized by the following indicators: repo operations carried out by "automatic" way - 98.5% (GS - 97.0%; CS - 1.5%); repo operations carried out, "direct" method - 1.5% (GS - 1.3%; CS - 0.2%). Below is a table describing the main market segments of repo KASE in February 2010 (trading volume is the sum of attraction, information on repo transactions with the securities, the implementation of "direct" method (0.1% of the market) will not be published IRBIS because of the very large volume table). Automatic repo deals with GS - 98.3 % 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 0.50 0.15 0.50 0.15 0.20 1,181.0 5 0.11 KZT_001 0.20 0.00 0.50 0.15 0.12 649,335.3 1,091 60.67 KZT_002 0.20 0.01 0.20 0.14 0.14 150,565.0 74 14.07 KZT_003 0.18 0.11 0.20 0.15 0.16 127,178.0 55 11.88 KZT_007 0.45 0.15 0.50 0.20 0.25 65,801.0 160 6.15 KZT_014 0.50 0.10 0.70 0.10 0.35 76,259.0 67 7.12 ----------- -------- ----- ----- ------- -------- ----------- ------ ------ Total 1,070,319.4 1,452 100 --------------------------------------------------------------------------- Automatic repo deals with CS - 0.8 % 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 % ----------- -------- ----- ----- ------- -------- ------- ------ ------ ATFBb4_001 3.50 3.50 4.00 4.00 3.79 481.0 3 5.34 ATFBb6_001 5.00 5.00 5.00 5.00 5.00 1,307.0 13 14.51 CCBN_001 5.00 5.00 5.00 5.00 5.00 277.0 5 3.08 CCBN_014 10.00 6.00 10.00 10.00 9.52 58.0 3 0.64 CCBN_030 10.00 10.00 12.50 12.50 10.38 130.0 6 1.44 CCBNb14_028 5.00 5.00 5.00 5.00 5.00 71.0 1 0.79 CCBNb15_007 10.00 10.00 10.00 10.00 10.00 737.0 7 8.18 CCBNb4_001 5.00 4.00 5.00 4.00 4.75 240.0 4 2.66 EUBNb3_001 5.00 5.00 5.00 5.00 5.00 90.0 2 1.00 HSBK_028 10.00 10.00 10.00 10.00 10.00 21.0 2 0.23 HSBKb10_028 5.00 5.00 5.00 5.00 5.00 21.0 1 0.23 HSBKb11_028 5.00 5.00 5.00 5.00 5.00 64.0 1 0.71 HSBKb13_001 5.00 5.00 5.00 5.00 5.00 11.0 1 0.12 HSBKb9_014 5.00 5.00 5.00 5.00 5.00 45.0 1 0.50 KIBNb3_007 6.00 6.00 6.00 6.00 6.00 3.0 1 0.03 KIBNb3_014 10.00 10.00 10.00 10.00 10.00 37.0 1 0.41 KKGB_001 5.00 5.00 5.00 5.00 5.00 40.0 2 0.44 KKGB_007 8.00 8.00 10.00 10.00 8.80 25.0 3 0.28 KKGB_028 10.00 10.00 10.00 10.00 10.00 12.0 2 0.13 KZIKb10_007 10.00 10.00 10.00 10.00 10.00 72.0 2 0.80 KZIKb3_007 10.00 10.00 10.00 10.00 10.00 120.0 2 1.33 KZTK_007 5.50 5.50 5.50 5.50 5.50 12.0 1 0.13 KZTK_014 10.50 10.50 10.50 10.50 10.50 7.0 1 0.08 KZTKp_007 11.00 11.00 11.00 11.00 11.00 4.0 1 0.04 KZTKp_028 13.00 13.00 13.00 13.00 13.00 8.0 1 0.09 RDGZ_007 10.00 10.00 10.00 10.00 10.00 740.0 7 8.22 RDGZ_014 10.00 10.00 10.00 10.00 10.00 84.0 2 0.93 RDGZ_028 12.00 12.00 12.00 12.00 12.00 387.0 6 4.30 TSBN_007 10.00 10.00 12.50 12.50 10.07 3,289.0 35 36.52 TSBN_014 10.00 10.00 10.00 10.00 10.00 500.0 4 5.55 TSBN_030 10.00 10.00 10.00 10.00 10.00 106.0 1 1.18 TSBNb5_030 14.00 14.00 14.00 14.00 14.00 3.0 1 0.03 TXBNb2_001 5.00 5.00 5.00 5.00 5.00 5.0 1 0.06 ----------- -------- ----- ----- ------- -------- ------- ------ ------ Total 9,007.1 124 100 ----------------------------------------------------------------------- Direct repo deals with GS - 0.8% 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 % ------- -------- ----- ----- ------- -------- ------- ------ ------ 1 1.00 1.00 10.00 1.00 1.58 3,399.0 15 37.98 2 1.25 1.25 1.25 1.25 1.25 553.7 3 6.19 5 1.40 1.40 1.40 1.40 1.40 2,211.9 9 24.72 6 0.50 0.50 1.42 1.42 0.75 1,544.6 7 17.26 7 1.43 1.43 1.43 1.43 1.43 1,239.6 5 13.85 ------- -------- ----- ----- ------- -------- ------- ------ ------ Total 8,948.8 39 100 ------------------------------------------------------------------- [2009-02-04]