REVIEW: KASE share market in August, 2010

14.09.10 18:32
/IRBIS, September 14, 2010/ - In August 2010, on the Kazakhstan Stock Exchange (KASE) on shares in all sectors recorded 862 deals worth KZT5,162.7 million or $35,064.9 million dollars at the current rate at the date of the transaction. This represents 33.1% of the monthly volume of transactions on the market corporate securities KASE (in July 2010 - 65.7%) and 0.2% of the total exchange monthly turnover (0.3%). August 18, 2010 JSC Bayan Sulu placed on the KASE 4,460,000 of its common shares KZ1C24120012 (BSUL) amounting to KZT2.7 billion. August 18, in the trade system of KASE a specialized auction on placement of ordinary shares of Bayan Sulu. Participants were asked to 4,466,667 shares (4.5% of total pledges of ordinary shares of Bayan Sulu). Minimum lot at the auction was set at 10,000 shares. In the auction was attended by three members of KASE, who filed five applications, of which at the end of the submission period, three were active warrants for the purchase of 4,460,000 shares. Thus, the demand at the auction amounted to 99.9% of the proposals. Prices in the ballot active bids were equal to KZT605.00, KZT607.00 and KZT608.00. In the total of active orders the subject of the pension market had 85.2%, the share of clients of broker-dealers - 14.8%. As a result of bargaining, all active applications are satisfied. The amount of involvement in this case amounted to KZT2,699,870,000.00. As a result of August 2010 at the KASE increased average daily price of 29% of the names of shares (in July 2010 - 61%), decreased - 62% of names (29%), prices of 10% of the shares has not changed (11%). Maximum trends on monthly results demonstrated the following tools: NRBN increased by 32.95%, BTAS fell by 83.33%. In July 2010 the maximum trends showed BSUL (+215.00%) and KMSO (-16.92%). On the London Stock Exchange (LSE) equity securities of companies in Kazakhstan showed up to a month following results: stocks KAZAKHMYS PLC fell by 4.9% (in July 2010 increased by 22.3%), ENRC - by 6.5% (+5.3%), depositary receipts JSC Exploration Production KazMunaiGas - by 9,8% (5.2%). GDRs Halyk Savings Bank of Kazakhstan for the period at the LSE rose by 8.5% (+2.8%), Kazkommertsbank - by 4.0% (+0.2%). Below are tables describing the stock market KASE in August 2010, more than enough. Table 1. Statistical characteristics of KASE share market in August 2010 ------------------------------------------------------------------------ Trend to --------------------- Indicator August 2010 July 2010 August 2009 -------------------------------------- ----------- --------- ----------- Trade volume, th. USD 35,064.9 -53.9% 5.1 times Trade volume, m. KZT 5,162.7 -54.1% 5.2 times Including advertisement, th. USD 18,345.2 - - Including advertisement, mln KZT 2,699.9 - - Deals 862 -38.1% -23.5% Instruments in deals 21 -27.6% -34.4% Daily average of deals 41 -38.1% -27.2% Daily average volume of deals, th. USD 1,669.8 -53.9% 5.3 times Daily average volume of deals, m. KZT 245.8 -54.1% 5.4 times Stake of nego deals (number), % 0 -0.1 pp -0.2 pp Stake of nego deals (volume), % 0 -0.1 pp -0.03 pp Pension assets, % gross 9.2 +7.8 pp +9.2 pp Individuals, % gross 62.1 +25.6 pp +57.1 pp Non-residents, % gross 9.2 +1.1 pp -84.7 pp KASE members, concluded deals 35 -7.9% -7.9% Market concentration, % 43.6 -41.2 pp -50.5 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 August 2010 July 2010 August 2009 ---------------------------- ------------ ---------- ------------ Power energy 49.1 86.7 94.5 Discretional consumer sector 35.9 6.9 3.9 Finance 5.6 4.1 0.5 Raw material sector 4.2 0.7 0.8 Telecommunications services 2.8 1.4 0.3 Industry 2.3 0.1 0.01 Main consumer sector 0.2 0.004 0.004 Public services 0.01 - - Public health - - - 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 August 31, 2010 (basis actual/365) --------------------------------------- Trend in: ----------- Period % % APR --------------------------- ----- ----- For preceding 30 days -4.0 -49.2 Since the beginning of 2008 -20.3 -30.6 For last 365 days (year) +1.0 +1.0 In 2007 +95.7 +95.7 Form the beginning of 2007 -46.6 -17.5 --------------------------------------- Tab. 4. Main indicators of exchange purchase and sale share market in August 2010 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 30.07.10 52,246.2 1,467.84 57,047.5 8,425.3 386 03.08.10 54,564.5 1,504.30 556.0 82.2 45 02.08.10 54,242.9 1,515.35 280.1 41.4 26 04.08.10 54,241.7 1,510.53 1,164.7 171.7 36 05.08.10 55,104.1 1,517.68 575.1 84.8 41 06.08.10 55,570.5 1,566.81 755.8 111.3 81 09.08.10 55,760.0 1,582.43 268.8 39.6 32 10.08.10 53,970.7 1,551.98 401.3 59.1 39 11.08.10 53,713.8 1,519.26 824.3 121.4 50 12.08.10 53,110.4 1,499.20 559.5 82.6 35 13.08.10 53,238.8 1,499.61 642.4 94.7 41 16.08.10 52,809.9 1,487.55 255.1 37.6 27 17.08.10 52,931.4 1,467.87 793.7 116.9 44 18.08.10 52,727.7 1,472.13 18,753.9 2,760.0 30 19.08.10 53,121.0 1,477.32 343.4 50.5 22 20.08.10 51,761.6 1,454.40 740.1 108.9 62 23.08.10 51,118.6 1,447.96 530.0 78.0 25 24.08.10 49,813.7 1,405.66 1,185.2 174.4 48 25.08.10 49,373.5 1,397.64 1,658.9 244.3 34 26.08.10 49,778.0 1,411.27 1,606.8 236.4 46 27.08.10 49,723.9 1,408.70 742.7 109.3 45 31.08.10 49,758.4 1,408.43 2,427.2 357.6 53 -------- --------------- ---------- --------- --------- -------- Trend -2,487.8 -59.4 . . . % -4.8 -4.0 . . . ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in August 2010 ------------------------------------------- Shares: Issuers: Admission ----- ----- ----- ----- category Numb. trend Numb. trend ------------------- ----- ----- ----- ----- First 20 0 14 0 ------------------- ----- ----- ----- ----- Second 26 -1 19 -1 Third 52 +1 43 +1 Investment funds` 2 0 2 0 securities Unlisted securities 12 +2 8 0 ------------------- ----- ----- ----- ----- Total 112 +2 82 0 ------------------------------------------- Tab. 6. Results of trades in shares on KASE in August 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 --------------- ----------------- Share -------- -------- of deals, of symbol min. max. price trend% min max th. USD deals ------- ------- -------- -------- ------ -------- -------- --------- ------ BSUL 630 630 630 0 200 630 89.4 13 BTAS 90 540 90 -83.3 70 4250 28.1 23 CCBN 525 569.99 530 -5.4 450 955 2,863.2 82 GB_ENRC 1890 2310 1950 -6.0 1800 2800 181.9 50 GB_KZMS 2560 3050 2560 -8.6 2155 3652 520.9 55 HSBK 301 350 315 +1.6 210 400 468.3 94 KKGB 372 470 385 +2.7 340 740 524.9 90 KKGBp 242 242 242 +15.8 95 341 0.0 1 KZPC 1270 1270 1270 0 1200 1300 2.3 1 KZTK 13800 14999 14300 -1.4 11800 23000 893.0 103 KZTKp 6750 7250 6750 -9.1 6000 9900 35.5 7 MMGZp 4000 5000 5000 -2.0 3593.35 6000 1.1 2 MREK 1100 1100 1100 910 2090 26.6 1 NRBN 18530 25925.46 25925.46 +33.0 17000 25925.46 1,786.2 4 RDGZ 15900 18610 15900 -9.9 15300 24300 745.2 34 RDGZp 14500 15800 14603 -18.8 10800 21988.89 7,292.6 251 SATC 71 71.1 71 -0.1 70 75 175.1 18 TSBN 960 970 960 -1.0 800 1078 323.5 2 ZERD 0.8 0.99 0.99 +13.8 0.67 7.2 86.2 15 ZERDp 5.2 5.22 5.2 -0.2 5 5.7 377.0 11 ZNGRp 1000000 1000000 1000000 1000000 1250000 298.7 2 ------- ------- -------- -------- ------ -------- -------- --------- ------ 21 16,719.6 859 --------------------------------------------------------------------------- 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 (July 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 August 2010 including STF RFCA --------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): ------------------------------------------ Rank ----------- volume number number August Apr. Share Liquidity of deals. number of KASE resultant 2010 2010 symbol indicator Kl m. KZT of deals members days ------ ---- ------- ------------ ----------- ---------- -------- ---------- 1 1 RDGZp 2.70 1,074.0 251 23 21 2 3 CCBN 1.88 421.7 82 23 20 3 2 KZTK 1.82 131.6 103 22 18 4 5 HSBK 1.71 69.0 94 20 19 5 7 KKGB 1.65 77.3 90 20 17 6 4 GB_KZMS 1.37 76.7 55 18 15 7 8 GB_ENRC 1.28 26.8 50 17 14 8 12 BSUL 1.21 2,713.0 16 11 7 9 6 RDGZ 1.18 109.7 34 16 14 10 9 SATC 0.94 25.8 18 11 16 --------------------------------------------------------------------------- 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 31.08.2010: As on 30.07.2010: 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 17,059.6 34.28 1 18,106.0 34.41 -1,046.4 -0.13 KAZAKHMYS PLС 2 9,300.3 18.69 2 10,155.0 19.30 -854.7 -0.61 RD KazMynaiGas 3 8,011.8 16.10 3 9,182.6 17.45 -1,170.8 -1.35 Halyk Bank 4 3,273.2 6.58 4 3,210.9 6.10 +62.3 +0.48 Mangystaumynaigas 5 2,667.6 5.36 5 2,663.8 5.06 +3.8 +0.30 Кazkommercbank 6 2,235.4 4.49 6 2,181.9 4.15 +53.5 +0.35 Каzakhtelekom 7 1,113.0 2.24 7 1,153.5 2.19 -40.5 +0.04 ATFBank 8 1,042.3 2.09 8 1,040.5 1.98 +1.8 +0.12 Bank CentreCredit 9 584.4 1.17 9 604.0 1.15 -19.6 +0.03 Nurbank 10 578.9 1.16 12 439.6 0.84 +139.3 +0.33 ------------------------------------------------------------------------------- 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 of the market close, August 31, 2010 this indicator made USD49.758.4 mln. 98 shares of 72 issuers were listed on the official list of KASE. [2010-09-14]