REVIEW: KASE share market in October, 2010

/IRBIS, November 22, 2010/ - In October 2010, on the Kazakhstan Stock Exchange (KASE) on shares in all sectors recorded 1,627 deals worth KZT204,268.0 million or $1,384.5 million dollars at the current rate at the date of the transaction. This represents 93.1% of the monthly volume of transactions on the market corporate securities KASE (in September 2010 - 10.7%) and 8.4% of the total exchange monthly turnover (0.4%). The sharp rise in the volume of transactions on the shares was due to the sale of a large package on Oct. 5, 2010 (95.7% of the total volume of transactions in October). 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. As a result of October 2010 at the KASE increased average daily price of 28% of items of stock (in September 2010 - 68%), decreased - 48% of names (24%), prices of 24% shares remained unchanged (8%). Maximum trends for the month showed the following tools: ZERD increased by 46.4%, ZNGRp fell to 100.0%. In September 2010, the maximum trends showed KAZIp (+55.7%) and BTAS (-64.4%). On the London Stock Exchange (LSE) equity securities of Kazakhstan companies have demonstrated in the month following results: DDR Halyk Savings Bank of Kazakhstan grew by 8.3% (in September 2010 fell by 2.8%), equity securities KAZAKHMYS PLC fell at 9.4% (25.6%), Kazkommertsbank - by 4.1% (+18.3%), ENRC - 5,2% (8.3%), JSC Exploration & Production KMG - by 2.7% (+0.2%). Below are tables describing the stock market KASE more than enough in October 2010. Table 1. Statistical characteristics of KASE share market in October 2010 ------------------------------------------------------------------------------- Trend to --------------------------- Indicator October 2010 September 2010 October 2009 -------------------------------------- ------------ -------------- ------------ Trade volume, th. USD 1,384,481.8 20.3 times 8.0 times Trade volume, m. KZT 204,268.0 20.3 times 7.9 times Deals 1,627 +18.2% +0.1% Instruments in deals 26 0 -13.3% Daily average of deals 77 +23.8% +4.8 Daily average volume of deals, th. USD 65,927.7 21.3 times 8.4 times Daily average volume of deals, m. KZT 9,727.0 21.3 times 8.2 times Stock of direct deals (number), % 0.2 +0.2 pp -0.1 pp Stock of direct deals (volume), % 0.04 -0.1 pp -0.2 pp Pension assets, % gross 0.4 +0.4 pp -27.0 pp Individuals, % gross 50.3 +6.7 pp +36.4 pp Non-residents, % gross 0.3 -5.7 pp -14.9 pp KASE members, concluded deals 38 -2.6% -7.3% Market concentration, % 97.0 +63.0 pp +33.9 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 October 2010 Sept. 2010 October 2009 ---------------------------- ------------ ---------- ------------ Power energy 97.0 3.2 1.6 Discretional consumer sector 0.9 49.3 43.3 Finance 0.7 0.001 - Raw material sector 0.7 39.8 1.9 Telecommunications services 0.5 2.5 51.8 Industry 0.2 2.4 1.3 Main consumer sector 0.03 0.6 0.01 Public services - - - Public health - - 0.01 Information technologies - 2.2 0.00002 ----------------------------------------------------------------- * 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 October 29, 2010 (basis actual/365) --------------------------------------- Trend in: ----------- Period % % APR --------------------------- ----- ----- For preceding 30 days +0.5 +6.5 Since the beginning of 2010 -13.9 -16.9 For last 365 days (year) +0.8 +0.8 In 2009 +95.7 +95.7 Form the beginning of 2009 -42.3 -15.0 --------------------------------------- Tab. 4. Main indicators of exchange purchase and sale share market in October 2010 ------------------------------------------------------------------ Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- ----------- --------- -------- 30.09.10 54,280.3 1,525.29 26,486.5 3,908.6 234 01.10.10 55,182.8 1,545.41 1,416.5 209.1 57 04.10.10 55,184.5 1,531.04 1,027.8 151.6 34 05.10.10 55,074.2 1,522.52 1,350,624.4 199,271.1 60 06.10.10 55,490.8 1,545.53 1,064.4 156.9 109 07.10.10 55,514.3 1,552.92 1,323.4 195.1 65 08.10.10 55,224.8 1,566.82 1,885.1 278.2 86 11.10.10 54,875.4 1,540.25 12,193.2 1,799.7 56 12.10.10 54,201.2 1,535.03 638.5 94.3 43 13.10.10 54,210.4 1,546.51 1,177.0 174.0 197 14.10.10 55,506.0 1,575.07 2,210.4 326.3 110 15.10.10 55,980.6 1,580.38 1,341.7 197.9 51 18.10.10 55,988.3 1,578.94 864.8 127.6 71 19.10.10 54,575.1 1,568.20 822.7 121.4 127 20.10.10 54,138.8 1,540.02 1,865.0 275.2 112 21.10.10 54,150.0 1,556.87 1,122.7 165.8 67 22.10.10 54,196.0 1,545.59 423.8 62.5 64 25.10.10 53,622.4 1,544.62 344.1 50.8 47 26.10.10 53,841.4 1,549.32 1,037.4 153.2 99 27.10.10 53,729.2 1,533.85 944.0 139.3 68 28.10.10 53,157.9 1,526.25 1,630.1 240.6 55 29.10.10 53,015.9 1,521.60 524.7 77.4 49 30.09.10 54,280.3 1,525.29 26,486.5 3,908.6 234 -------- --------------- ---------- ----------- --------- -------- Trend -1,264.4 -3.7 % -2.3 -0.2 ------------------------------------------------------------------ Tab. 5. Changes in shares tradable on KASE in October 2010 ------------------------------------------- Shares: Issuers: Admission ----- ----- ----- ----- category Numb. trend Numb. trend ------------------- ----- ----- ----- ----- First 17 -2 11 -2 ------------------- ----- ----- ----- ----- Second 27 0 20 0 Third 52 0 43 0 Investment funds` 2 0 2 0 securities Unlisted securities 12 0 8 0 ------------------- ----- ----- ----- ----- Total 110 -2 82 -2 ------------------------------------------- Tab. 6. Results of trades in shares on KASE in October 2010 (according to data on deals, concluded on the secondary market by open trade method) ------------------------------------------------------------------------------ Price, tenge per share: -------- --------- --------------- ------------------ Volume Number by last deal for last 365 days --------------- ------------------ Share -------- --------- of deals, of symbol min. max. price trend% min max th. USD deals ------- -------- --------- -------- ------ -------- --------- --------- ------ AMGZp 25000.00 25000.00 25000.00 21000.00 28500.00 0.2 1 BSUL 630.00 630.00 630.00 0 200.00 630.00 98.3 18 BTAS 6.99 43.00 9.00 -72.9 5.00 2300.00 1,138.8 667 CCBN 525.00 626.99 595.00 +12.3 515.00 955.00 3,822.7 123 EXBN 1090.01 1090.01 1090.01 550.00 1090.01 610.1 1 GB_ENRC 2100.00 2250.00 2100.00 +1.4 1800.00 2800.00 170.8 32 GB_KZMS 2993.00 3450.00 3052.00 -10.5 2155.00 3652.00 1342793.7 49 HSBK 303.00 340.00 325.00 +1.9 247.00 400.00 581.9 47 KASE 6000.00 6000.00 6000.00 0 5500.00 6000.00 20.3 1 KAZIp 300.00 390.00 390.00 +18.2 212.00 390.00 10,163.4 22 KKGB 410.00 449.90 415.00 -6.7 356.00 740.00 191.7 36 KKGBp 215.00 215.00 215.00 -2.3 195.00 341.00 0.1 1 KZTCp 800.00 800.00 800.00 800.00 880.00 0.4 2 KZTK 13500.00 16100.00 15699.99 +1.9 11800.00 22500.00 1,119.2 97 KZTKp 6800.00 8139.99 8139.99 +20.6 6000.00 9000.00 1,394.9 30 MMGZp 5000.00 5000.00 5000.00 3593.35 5400.00 1.0 1 RDGZ 15400.00 16340.00 15400.00 -2.7 15155.01 24300.00 1,078.8 56 RDGZp 14500.00 15700.00 15119.99 -1.8 10800.00 21988.89 10,853.6 352 SATC 71.07 72.00 71.08 0 70.00 75.00 212.8 26 TEBNp 200.00 200.00 200.00 200.00 500.00 0.1 2 TSBN 940.00 951.00 940.00 -1.2 865.00 1034.00 141.1 6 UTMKp 4000.00 4000.00 4000.00 4000.00 5500.00 145.3 1 ZERD 1.20 1.76 1.76 +46.7 0.67 7.20 6,791.5 14 ZERDp 5.20 5.40 5.21 -8.6 5.00 5.70 2,288.9 15 ZNGRp 298.12 1250000.0 298.12 -100.0 298.00 1250000.0 270.9 23 ------- -------- --------- -------- ------ -------- --------- --------- ------ 25 1383890.6 1,623 ------------------------------------------------------------------------------ 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 (September 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 October 2010 including STF RFCA ---------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): ------------------------------------------ Rank ------------ volume number number October Apr. Share Liquidity of deals. number of KASE resultant 2010 2010 symbol indicator 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 ---------------------------------------------------------------------------- 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 30.09.2010: As on 31.08.2010: 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 18,340.0 34.59 1 18,110.1 33.36 +229.9 +1.23 KAZAKHMYS PLС 2 11,022.1 20.79 2 12,368.2 22.79 -1,346.0 -2.00 RD KazMynaiGas 3 7,742.8 14.60 3 7,950.0 14.65 -207.2 -0.04 Halyk Bank 4 3,358.2 6.33 4 3,303.3 6.09 +54.9 +0.25 Mangystaumynaigas 5 2,664.3 5.03 5 2,663.2 4.91 +1.1 +0.12 Кazkommercbank 6 2,372.8 4.48 6 2,518.5 4.64 -145.7 -0.16 Каzakhtelekom 7 1,220.9 2.30 7 1,195.6 2.20 +25.3 +0.10 ATFBank 8 1,041.0 1.96 8 1,040.6 1.92 +0.4 +0.05 Bank CentreCredit 9 648.7 1.22 9 615.9 1.13 +32.8 +0.09 Nurbank 10 578.2 1.09 10 577.9 1.06 +0.2 +0.03 ------------------------------------------------------------------------------- Notes: The company stock % - 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, October 29, 2010 this indicator made USD53,015.9 mln. 96 shares of 70 issuers were listed on the official list of KASE. [2010-11-22]