REVIEW: KASE share market in May, 2010

18.06.10 18:35
/IRBIS, June 6, 2010/ - In May 2010, on the Kazakhstan Stock Exchange (KASE) on shares in all sectors recorded 1,302 deals worth KZT7,748.1 million or $52.8 million dollars at the current rate at the date of the transaction. This represents 35.8% of the monthly volume of transactions on the market corporate securities KASE (in April 2010 - 35.5%) and 0.4% of the total exchange monthly turnover (0.2%). May 14, 2010 in the trade system of KASE trades completed public shareholding (GPA) of JSC VESNET (Pavlodar), consisting of 235 ordinary shares KZ1C45370018 - 23.5% of the total number of shares of JSC VESNET. GPA JSC VESNET "was sold at a price KZT195,750.00 per share. The volume of transactions amounted to KZT46,001,250.00 (equivalent to 313,980.27 U.S. dollars at exchange rate of tenge to the dollar on May 14). Under current rules, the settlements of the transaction were to be held within seven working days from the date of its conclusion. May 20 of the Central Securities Depository JSC (Almaty), notified the KASE official letter that the transaction was executed May 19, 2010. As a result of May 14, 2010 at the KASE increased average daily price of 15% of the names of shares (in April 2010 - 20%), decreased - 59% of names (72%), prices of 11 of the shares has not changed (7%), 15% of shares traded for the first time. Maximum trends on monthly results demonstrated the following tools: AMCZp rose 38.33%, CSBNp fell by 63.50%. In April 2010 TEBNp grew by 66.67%, ATFB fell by 83.33%. On the London Stock Exchange (LSE) equity securities of companies in Kazakhstan showed up to the fall months. ENRC shares fell by 20.1% (in April 2010 increased by 5.4%), depositary receipts Kazkommertsbank - by 19.5% (- 15.8%), KAZAKHMYS PLC - 17.2% (-6.2%), JSC Exploration Production KazMunaiGas - by 13.0% (-0.1%), Halyk Savings Bank of Kazakhstan "- by 12.6% (-12.8%). Below are tables describing the stock market KASE in May 2010, more than enough. Table 1. Statistical characteristics of KASE share market in April 2010 ------------------------------------------------------------------- Trend to ------------------- Indicator May 2010 April 2010 May 2009 -------------------------------------- -------- ---------- -------- Trade volume, th. USD 52,786.3 +13.0% +33.4% Trade volume, m. KZT 7,748.1 +13.1% +30.2% including, on offerings, th. USD 1,302 -0.4% -29.9% including, on offerings, m. KZT 27 -6.9% -34.1% Deals 69 +15.3% -29.9% Instruments in deals 2,778.2 +30.8% +33.4% Daily average of deals 407.8 +30.9% +30.2% Daily average volume of deals, th. USD 0.2 -0.7 pp -0.5 pp Daily average volume of deals, m. KZT 1.2 -1.3 pp +0.2 pp Stake of nego deals (number), % 26.1 +9.6 pp +14.0 pp Stake of nego deals (volume), % 24.0 -16.0 pp -22.4 pp Pension assets, % gross 8.2 -0.5 pp -18.0 pp Individuals, % gross 37 -9.8% -17.8% Non-residents, % gross 29.2 -3.7 pp -20.9 pp KASE members, concluded deals 52,786.3 +13.0% +33.4% Market concentration, % 7,748.1 +13.1% +30.2% ------------------------------------------------------------------- * 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 April 2010 March 2010 April 2009 ---------------------------- ------------ ----------- ----------- Power energy 49.7 72.3 49.0 Discretional consumer sector 32.5 0.04 0.04 Finance 11.8 8.9 29.9 Raw material sector 3.2 3.0 4.7 Telecommunications services 2.6 3.7 5.5 Industry 0.2 - 7.4 Main consumer sector 0.03 12.1 3.5 Public services 0.01 0.003 0.002 Public health - 0.002 - Information technologies - - - ----------------------------------------------------------------- * 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 May 31, 2010 (basis actual/365) ------------------------------------------ Trend in: -------------- Period % % APR --------------------------- ------ ------- For preceding 30 days - 19.2 - 234.1 Since the beginning of 2008 - 17.6 - 42.5 For last 365 days (year) + 25.9 + 25.9 In 2007 + 95.7 + 95.7 Form the beginning of 2007 - 44.7 - 18.5 ------------------------------------------ Tab. 4. Main indicators of exchange purchase and sale share market in April 2010 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 30.04.10 64,053.6 1,804.70 776.4 113.7 63 04.05.10 63,219.7 1,785.46 625.5 91.6 32 05.05.10 59,773.0 1,724.14 10,598.5 1,554.9 42 06.05.10 57,803.1 1,647.78 1,147.1 168.5 74 07.05.10 54,363.4 1,560.73 16,721.5 2,458.7 116 11.05.10 57,417.5 1,587.52 1,027.0 150.6 83 12.05.10 56,597.3 1,581.91 1,013.5 148.8 69 13.05.10 57,080.1 1,594.57 780.8 114.5 74 14.05.10 56,275.0 1,569.28 1,190.0 174.3 68 17.05.10 56,195.8 1,541.53 588.0 86.3 48 18.05.10 55,057.6 1,514.12 1,267.6 186.0 62 19.05.10 53,755.9 1,459.41 1,302.0 190.8 91 20.05.10 51,405.7 1,432.94 882.2 129.3 56 21.05.10 49,696.7 1,388.25 1,050.9 154.5 51 24.05.10 51,637.7 1,403.62 1,886.2 276.3 71 25.05.10 49,293.2 1,348.65 1,480.8 217.1 65 26.05.10 49,757.3 1,406.16 2,606.6 382.7 81 27.05.10 51,721.0 1,427.11 3,524.1 516.7 65 28.05.10 53,397.5 1,467.72 3,764.5 551.5 96 31.05.10 52,887.6 1,457.44 1,329.5 195.0 58 -------- --------------- ---------- --------- --------- -------- Trend -11,166.0 -347.3 , , , % -17.4 -19.2 , , , ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in May 2010 ------------------------------------------- Shares: Issuers: Admission ----------- ----------- category Numb. trend Numb. trend ------------------- ----- ----- ----- ----- First 19 0 13 0 ------------------- ----- ----- ----- ----- Second 30 -3 22 -1 Third 48 +1 41 0 Investment funds` 2 0 2 0 securities Unlisted securities 7 0 6 0 ------------------- ----- ----- ----- ----- Total 106 -2 79 -1 ------------------------------------------- Tab. 6. Results of trades in shares on KASE in May 2010 (according to data on deals, concluded on the secondary market by open trade method) -------------------------------------------------------------------------- Price, tenge per share: ----------------------------------------------- Volume Number for by last deal last 365 days --------------- ------------- Share ---- -------- of deals, of symbol min. max. price trend% min max th. USD deals ------- -------- -------- -------- ------ ---- -------- --------- -------- AMGZp 21000.00 24900.00 24900.00 , 18000.00 24900.00 75.4 BTAS 500.00 700.00 700.00 -0.1 , 500.00 4900.00 20.9 CCBN 520.00 640.60 560.00 -14.1 , 340.00 955.00 4,445.3 CSBNp 438.00 1233.00 438.00 -64.4 , 438.00 1676.02 203.4 GB_ENRC 1975.00 2602.50 2188.00 -21.9 , 1360.00 2800.00 451.5 GB_KZMS 2155.00 3101.00 2620.00 -18.6 , 1450.00 3652.00 1,530.7 HSBK 250.00 346.00 301.00 -15.2 , 127.28 400.00 1,129.1 HSBKp 168.40 168.40 168.40 0 , 110.92 179.69 13.4 KASE 5500.00 5500.00 5500.00 , 4681.38 7457.00 13.5 KAZI 200.00 200.00 200.00 , 100.00 270.00 109.5 KIBN 175.00 175.00 175.00 , 152.00 190.01 0.4 KKGB 432.00 560.00 465.00 -23.8 , 290.00 740.00 575.2 KKGBp 270.00 275.00 271.00 +4.2 , 95.00 341.00 99.7 KZTK 11800.00 15600.00 11800.00 -24.4 , 11800.00 23000.00 1,431.8 KZTKp 6000.00 6600.00 6599.00 -0.02 , 5000.00 9900.00 176.2 MREK 1000.00 1000.00 1000.00 +9.9 , 910.00 2400.00 3.9 NFBN 1500.00 1800.00 1500.00 -25.0 , 1500.00 2000.00 34.6 RDGZ 17000.00 21250.00 18500.00 -15.9 , 16000.00 24300.00 2,409.8 RDGZp 14500.00 18500.00 14510.00 -20.7 , 13925.00 21988.89 10,421.1 REAL 8.79 8.79 8.79 , 8.79 8.79 29.1 REALp 5.01 5.01 5.01 , 5.01 5.01 29.1 RGBRp 2000.00 2000.00 2000.00 , 2000.00 2000.00 10,224.3 SATC 71.00 71.00 71.00 0 , 70.00 78.10 15,302.0 TEBNp 200.00 399.00 200.00 -60.0 , 200.00 500.00 19.3 ZERD 0.73 0.96 0.73 -8.8 , 0.70 7.20 8.2 ZERDp 5.55 5.55 5.55 0 , 3.95 5.55 12.2 ------- -------- -------- -------- ------ ---- -------- --------- -------- 26 48,769.7 -------------------------------------------------------------------------- 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 (Apr 1 - 30. 2010). Trend is not computed. if there were no deals in the preceding month. Tab. 7 Top 10 most liquid shares of KASE in May 2010. including STF RFCA ------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): ------------------------------------------ Rank --------- volume number number May Apr. Share Liquidity of deals. number of KASE resultant 2010 2010 symbol indicator Kl m. KZT of deals members days ---- ---- ------- ------------ ----------- ---------- -------- ---------- 1 1 RDGZp 2.65 1,528.6 326 26 19 2 3 CCBN 2.18 652.1 196 29 18 3 2 HSBK 1.90 165.6 188 23 19 4 4 KZTK 1.79 210.1 144 25 17 5 5 GB_KZMS 1.72 224.5 128 23 19 6 9 RDGZ 1.46 353.7 95 20 16 7 7 KKGB 1.27 84.3 59 19 16 8 8 GB_ENRC 1.11 66.2 51 15 16 9 10 KZTKp 0.86 25.8 29 13 12 10 - RGBRp 0.57 3,000.0 4 1 1 ------------------------------------------------------------------------- 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 31.05.2010: As on 30.04.2010: 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 PLC 1 19,207.8 36.32 1 24,529.5 38.30 KAZAKHMYS PLŠ” 2 9,449.7 17.87 2 12,055.7 18.82 RD KazMynaiGas 3 8,842.1 16.72 3 10,533.5 16.44 Halyk Bank 4 3,122.1 5.90 4 3,587.1 5.60 Kazkommercbank 5 2,812.6 5.32 5 3,496.3 5.46 Mangystaumynaigas 6 2,682.2 5.07 6 2,686.9 4.19 ATF Bank 7 1,047.6 1.98 8 1,049.5 1.64 Kazakhtelekom 8 943.4 1.78 7 1,210.3 1.89 Bank CenterCredit 9 624.6 1.18 9 726.0 1.13 SAT & Company 10 532.1 1.01 10 533.1 0.83 -------------------------------------------------------------------------------- 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 April 30. 2010 this indicator made USD64.053.5 m. 99 shares of 72 issuers were listed on the official list of KASE. [2010-06-18]