/IRBIS, November 4, 2010/ - IRBIS Information Agency of Financial Markets
(Almaty) rated liquidity of listing companies shares traded on Kazakhstan
Stock Exchange (KASE) in October 2010.
The first 10 positions of the rating are given below. In August these shares
constituted for 98.4% of turnover of corresponding sector of exchange
market. Over the specified period, deals in shares of 25 denominations
have been made on KASE open secondary market.
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Liquidity indicator calculation base (Kl):
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Posi Posi Code of Liquidity
tion in tion in shares indi- volume number number of
August July cator of deals, number of KASE successful
2010 2010 (Kl) m. KZT of deals members days
------- ------- --------- --------- ----------- --------- -------- -----------
1 3 BTAS 2.48 168.1 667 32 20
2 1 RDGZp 1.81 1,601.8 352 25 21
3 8 CCBN 1.63 564.1 123 31 20
4 4 GB_KZMS 1.45 198,115.8 49 18 13
5 2 KZTK 1.29 165.2 97 22 19
6 6 RDGZ 1.01 159.2 56 19 14
7 5 HSBK 1.00 85.8 47 19 14
8 7 KKGB 0.84 28.3 36 16 12
9 12 SATC 0.77 31.4 26 12 15
10 9 GB_ENRC 0.72 25.2 32 14 10
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Newcomers' liquidity ten "in this period became SATC, ousted ZERD (10 th
position in September). It should be noted that 96.6% of the volume of
transactions made with common shares "Kazcat" (ZERD) in September
2010, were "domestic" in nature. Recall that on October 5 KAZAKHMYS
Company PLC (London) reported that the Chairman of the Board of
Directors Mr. Vladimir Kim, has sold 58,876,793 ordinary shares at 20 pence
each, roughly equivalent to 11% of the shares of the Group. The operation
was performed on the Kazakhstan Stock Exchange at a price of KZT3,363
per share, which corresponds to the price of 1.423 pence per share at the
close of the London Stock Exchange on Oct. 4, 2010. The shares were
purchased by the Fund of National Welfare SK. V. Proportion of Kim in the
Company amounted to 149,306,795 ordinary shares (27.9% of the shares of
the Group) after the sale of shares of SK. The Government of the Republic
of Kazakhstan increased its stake in the company to [139,162,843] ordinary
shares (26% of the shares of the Group), which includes a 15% stake held
by the Committee for State Property and Privatization Ministry of Finance of
the Republic of Kazakhstan.
The following table shows the top 10 rankings, based on the share trades at
KASE in the ten months of 2010. The share of the "dozens" of the total
turnover of the market shares of KASE totaled 91.7%. During this period the
open secondary market of KASE had deals with instruments 52 items.
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Liquidity indicator calculation base (Kl):
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Position Code of Liquidity volume number number of
shares Indicator (Kl) of deals, number of KASE successful
m. KZT of deals members days
-------- ------- -------------- ----------- --------- -------- -----------
1 RDGZp 2.29 28,143.3 3,330 35 159
2 GB_KZMS 1.98 199,530.5 948 33 167
3 CCBN 1.80 3,279.6 1,119 43 178
4 KZTK 1.792 2,563.9 1,414 37 196
5 HSBK 1.789 2,346.1 1,304 40 181
6 BTAS 1.53 224.8 1,020 40 113
7 KKGB 1.34 1,268.8 599 33 151
8 GB_ENRC 1.223 385.4 533 30 143
9 RDGZ 1.221 1,857.5 514 30 143
10 KZTKp 1.04 630.5 287 28 117
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Notes to the table
The rating is based on liquidity indicator (Kl), which is calculated for each
share on a specified period. Positions are rated by sorting shares in
descending order of Kl (the higher Kl, the higher liquidity and position in the
rating). The first position in the rating corresponds to the highest Kl value.
Description of liquidity indicator calculation methods is available in the
document, published at:
http://www.kase.kz/mix/rsp.pdf in Russian and at
http://www.kase.kz/eng/mix/rsp.pdf in English.
IRBIS agency draws attention to the fact that while calculating the
liquidity indicator, only data on deals made in KASE secondary market
sector (including special trading floor of the regional financial center of
Almaty) by one of open trade methods are taken into account.
"p" letter in the end of the symbol means preferred shares, other letters -
common shares.
Full list of symbols of issuers and securities traded on KASE is available at
http://www.kase.kz/instruments/nzb_code.htm
The data aforementioned is not an offer or recommendation to sell or buy
shares on KASE. Using the data while making investment decisions does
not rest the responsibility for possible losses resultant from such decision on
the IRBIS agency.
[2010-11-04]