REVIEW: KASE share market in February, 2010

12.03.10 16:46
/IRBIS, March 12, 2010/ - In February 2010, on the Kazakhstan Stock Exchange (KASE) on shares in all sectors of the market recorded 938 deals totaling KZT2.1 billion or 14.4 million U.S. dollars at the current rate at the date of the transaction. This amount is 10.7% of the monthly volume of transactions in the market of corporate securities KASE (in January 2010 - 11.9%) and 0.1% of the total exchange monthly turnover (0.1%). As a result of February 2010 at the KASE increased average daily price of stock items 30% (in January 2010 - 48%), decreased - 63% of titles (33%), prices are 2% of the shares has not changed (19%). Maximum trends in the monthly results demonstrated the following tools: ATFB grew by 352.8%, ZERD fell to 60.2%. In January 2010 CHFM increased by 21.4%, BTAS fell to 42.3%. On the London Stock Exchange (LSE) global receipts ENRC rose by 13.0% (in January 2010 decreased by 0.3%), KAZAKHMYS PLC - on 10.0% (-7.3%), JSC "People's Savings Bank Kazakhstan - 0.5% (-0.5%). Paper JSC Exploration Production KazMunaiGas decreased by 5.0% (1.9%), Kazkommertsbank - by 8.8% (-1.2%). Below are tables describing the stock market KASE in February 2010 more detailed. Table 1. Statistical characteristics of KASE share market in February 2010 ---------------------------------------------------------------------- Trend to --------------------- Indicator Feb. 2010 Jan. 2010 Feb. 2009 -------------------------------------- --------- --------- ----------- Trade volume, th. USD 14,389.7 +5.8% 0.04times* Trade volume, m. KZT 2,127.6 +5.6% 0.04times* including, on offerings, th. USD - - - including, on offerings, m. KZT - - - Deals 938 -5.3% -37.4% Instruments in deals 27 +22.7% -41.3% Daily average of deals 47 -14.8% -37.4% Daily average volume of deals, th. USD 719.5 -4.8% 0.04times** Daily average volume of deals, m. KZT 106.4 -4.9% 0.04times** Stake of nego deals (number), % 0.4 +0.3 pp -2.2 pp Stake of nego deals (volume), % 2.5 +2.0 pp -1.1 pp Pension assets, % gross 11.0 +3.3 pp +9.9 pp Individuals, % gross 27.7 -7.8 pp +10.6 pp Non-residents, % gross 14.5 +0.9 pp +5.3 pp KASE members, concluded deals 38 -13.6% -24.0% Market concentration, % 18.9 -0.2 pp -49.7 pp ---------------------------------------------------------------------- * volume of transactions concluded in February 2009 amounted to KZT58,414.8 million ($392,681.3 thousand) ** Average daily volume of transactions in February 2009 amounted to KZT2,920.7 million ($19,634.1 thousand) *** 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 Feb. 2010 Jan. 2010 Feb. 2009 ---------------------------- ------------ ----------- ----------- Finance 55.0 47.6 4.9 Power energy 18.9 7.5 67.4 Discretional consumer sector 17.0 20.2 0.5 Raw material sector 8.2 9.8 0.2 Telecommunications services 0.4 1.3 0.5 Main consumer sector 0.4 - - Information technologies 0.1 0.002 0.0002 Public services 0.02 0.5 0.6 Industry 0.005 - 17.6 Public health - 13.2 8.2 ----------------------------------------------------------------- * Industrial Classification turnover structure prepared in accordance with rubricator Global lndustry Classification Standard (GICS) Standart and Poor's Tab. 3. KASE index dynamics in various periods at the moment of trade close as on February 26, 2010 (basis actual/365) ------------------------------------------- Trend in: --------------- Period % % APR --------------------------- ------- ------- For preceding 30 days - 4.2 - 50.8 Since the beginning of 2008 - 1.2 - 7.5 For last 365 days (year) + 173.2 + 173.2 In 2007 + 95.7 + 95.7 Form the beginning of 2007 - 33.7 - 15.6 ------------------------------------------- Tab. 4. Main indicators of exchange purchase and sale share market in February 2010 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 29.01.10 59,487.7 1,838.82 2,763.3 409.5 51 01.02.10 58,830.2 1,821.84 164.0 24.3 29 02.02.10 60,003.7 1,836.39 233.8 34.6 37 03.02.10 61,015.4 1,866.66 1,222.9 180.9 94 04.02.10 61,009.4 1,866.74 2,930.3 433.3 71 05.02.10 57,984.2 1,781.31 2,406.2 355.6 104 08.02.10 58,409.3 1,826.29 346.9 51.3 31 09.02.10 58,350.6 1,816.10 815.6 120.8 43 10.02.10 58,329.4 1,811.78 144.7 21.4 24 11.02.10 58,123.1 1,798.13 426.7 63.2 46 12.02.10 57,638.2 1,765.03 666.9 98.6 61 15.02.10 57,850.8 1,791.18 285.1 42.2 22 16.02.10 57,487.7 1,770.57 1,249.5 185.1 37 17.02.10 58,490.7 1,792.53 579.7 85.7 32 18.02.10 58,871.3 1,778.10 484.4 71.6 55 19.02.10 57,580.1 1,746.65 393.4 58.1 50 22.02.10 59,266.0 1,784.51 787.9 116.3 49 23.02.10 59,554.0 1,799.35 558.9 82.4 51 24.02.10 59,654.2 1,793.25 190.8 28.1 27 25.02.10 57,822.4 1,739.57 296.4 43.7 53 26.02.10 58,101.3 1,747.64 205.6 30.3 22 -------- --------------- ---------- --------- --------- -------- Trend -1,386.4 -91.2 % -2.3 -5.0 ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in February 2010 ------------------------------------------- Shares: Issuers: Admission ----------------------- category Numb. trend Numb. trend ------------------- ----- ----- ----- ----- First 21 -1 14 -1 ------------------- ----- ----- ----- ----- Second 36 -1 26 0 Third 40 +1 37 +1 Investment funds` 2 0 2 0 securities Unlisted securities 8 +2 6 +1 ------------------- ----- ----- ----- ----- Total 107 +1 80 0 ------------------------------------------- Tab. 6. Results of trades in shares on KASE in February 2010 (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 --------------- ----------------- Volume Number Share -------- -------- of deals of symbol min. max. price trend% min max th. USD deals ------- -------- -------- -------- ------ -------- -------- --------- ------ BTAS 900.00 1250.00 1010.00 -8.3 900.00 4900.00 34.1 27 CCBN 710.00 817.00 730.00 -6.4 225.00 955.00 2,436.7 150 CHFM 1482.00 1704.10 1482.00 -16.6 880.00 1950.00 3.4 5 GB_ENRC 2085.00 2410.00 2245.00 +1.0 648.99 2485.00 317.5 63 GB_KZMS 2818.00 3220.00 3000.00 -3.2 550.00 3652.00 863.1 138 HSBK 341.00 385.00 341.50 -2.7 61.51 388.00 1,857.1 166 HSBKp 173.04 173.04 173.04 109.10 180.00 0.0 1 HSBKp1 171.00 171.00 171.00 109.11 188.10 0.2 1 KATR 3300.00 3300.00 3300.00 3300.00 3600.00 0.7 1 KKGB 590.00 680.00 595.00 -9.8 250.00 740.00 2,715.8 56 KKGBp 245.00 280.50 245.00 -12.5 94.00 341.00 9.2 4 KZPC 1300.00 1300.00 1300.00 1200.00 1300.00 56.0 3 KZTC 2300.00 2750.00 2350.00 2300.00 6600.00 183.2 13 KZTCp 800.00 800.00 800.00 800.00 880.00 5.4 1 KZTK 17500.00 18800.00 17530.00 -6.8 7000.00 23000.00 1,934.5 168 KZTKp 8000.00 8430.00 8000.00 -3.9 2700.01 9900.00 316.8 38 MMGZp 5000.00 5400.00 5400.00 +50.3 2000.00 6000.00 33.2 2 MREK 1000.00 1210.00 1000.00 -30.1 1000.00 2400.00 16.2 6 NFBN 2000.00 2000.00 2000.00 2000.00 4500.00 3.6 1 RDGZ 20550.00 23500.00 21670.00 -7.8 10800.00 24300.00 2,618.5 42 SATC 75.00 75.00 75.00 +1.1 70.00 100.00 0.1 1 TEBN 800.00 800.00 800.00 800.00 1785.00 0.1 1 TSBN 940.00 942.85 942.85 +0.3 600.00 1155.55 467.4 3 TSBNp 865.01 867.74 867.74 865.00 867.74 95.0 2 ZERD 1.10 3.50 1.95 -60.2 1.10 7.20 64.1 41 ------- -------- -------- -------- ------ -------- -------- --------- ------ 25 14,032.0 934 ---------------------------------------------------------------------------- Notes: The table provides data on the shares, in which the 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 (January 1-31, 2010). Trend is not computed, if there were no deals in the preceding month. Tab. 7 Top 10 most liquid shares of KASE in February 2010, including STF RFCA ------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): ------------------------------------------ Rank --------- volume number number Feb. Jan. Share Liquidity of deals, number of KASE resultant 2010 2010 symbol indicator Kl m. KZT of deals members days ---- ---- ------- ------------ ----------- ---------- -------- ---------- 1 1 HSBK 2.80 274.6 166 26 18 2 3 KZTK 2.779 285.9 168 24 19 3 2 CCBN 2.777 360.7 150 25 18 4 4 GB_KZMS 2.42 127.6 138 25 18 5 5 KKGB 2.20 401.6 56 24 17 6 7 RDGZ 1.79 387.0 42 18 14 7 6 GB_ENRC 1.65 46.9 63 22 14 8 11 ZERD 1.19 9.5 41 16 12 9 8 KZTKp 1.15 46.8 38 13 14 10 9 BTAS 0.85 5.0 27 11 10 ------------------------------------------------------------------------- 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 26.02.2010: As on 29.01.2010: 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 19,623.9 33.78 1 19,266.2 32.39 +357.8 +1.39 KAZAKHMYS 2 10,919.9 18.79 2 11,280.1 18.96 -360.2 -0.17 KazMunaiGaz PT 3 10,329.1 17.78 3 11,134.2 18.72 -805.0 -0.94 Kazkommertsbank 4 3,510.0 6.04 5 3,415.8 5.74 +94.2 +0.30 Halyk Bank 5 3,363.3 5.79 4 3,703.5 6.23 -340.2 -0.44 Mangistaumunaigaz 6 2,667.8 4.59 6 2,641.4 4.44 +26.4 +0.15 ATF Bank 7 1,371.7 2.36 7 1,453.7 2.44 -82.0 -0.08 Kazakhtelekom 8 1,355.2 2.33 8 1,347.1 2.26 +8.1 +0.07 Bank Center Credit 9 713.0 1.23 9 754.6 1.27 -41.7 -0.04 SAT & Company 10 559.7 0.96 10 550.3 0.93 +9.4 +0.04 -------------------------------------------------------------------------------- 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 February 26, 2010 this indicator made USD58,101.3 m. 97 shares of 72 issuers were listed on the official list of KASE. [2009-03-12]