REVIEW: KASE share market in January, 2011

10.02.11 17:06
/IRBIS, February 10, 2011/ - In January 2010, on the Kazakhstan Stock Exchange (KASE) on shares in all sectors recorded 1,462 deals worth KZT8,531.4 million or $58.1 million dollars at the current rate at the date of the transaction. This represents 40.4% of the monthly volume of transactions on the market corporate securities KASE (in December 2010 - 11.6%) and 0.5% of the total exchange monthly turnover (0.2%). January 31, 2011 on the basis of eight specialized trades on Kazakhstan Stock Exchange (KASE) on the redemption of preferred shares KZ1P51460114 (RDGZp) JSC Exploration and Production KMG JSC (Astana) by their issuer authorized by the issuer on behalf of the buyer JSC "VISOR Capital" (VISOR Capital) (Almaty) has documented its intention to meet the KASE 200 applications shareholders of Exploration and Production KazMunaiGas to sell 236,430 preferred shares at 19,253.25 KZT per share. Calculations based on data entered on the special trading deals should be made on Feb. 3, 2011 (according to the settlement scheme T+3). According to information of Central Securities Depository JSC (Almaty), all transactions were executed. Purchase sum amounted to 4,552,045,897.50 KZT (equivalent to 31,019 052.11 U.S. dollars at the current exchange rate). Described trades are part of Exploration and Production KazMunaiGas to repurchase its shares. In January 2011 at KASE increased average daily price of 46% of items of stock (in December 2010 - 62%), decreased - 42% of names (15%), prices of 13% of the shares has not changed (15%). Maximum trends for the month showed the following tools: ZNGRp increased by 29.9%, CHFM fell by 32.7%. In December 2010, the maximum trends showed CHFM (+54.5%) and BTAS (-21.6%). On the London Stock Exchange (LSE) equity securities of Kazakhstan companies have demonstrated in the month following results: DDR Kazkommertsbank increased by 12.3% (in December 2010 increased by 0,8%), JSC KazMunaiGas - 8.4% (3.3%), Halyk Savings Bank of Kazakhstan - 2.6% (+3.7%), ENRC shares fell 4.4% (19.9%) KAZAKHMYS PLC - at 6.7% (16.5%) Below are tables describing the stock market KASE more than enough in January 2010. Table 1. Statistical characteristics of KASE share market in January 2010 ------------------------------------------------------------------------------ Trend to -------------------------- Indicator January 2011 December 2010 January 2010 -------------------------------------- ------------ ------------- ------------ Trade volume, th. USD 58,053.6 +50.4% 4.3 times Trade volume, m. KZT 8,531.4 +50.0% 4.2 times Deals 1,462 +12.3% +47.5% Instruments in deals 25 -3.8% +13.6% Daily average of deals 81 +31.1% +47.5% Daily average volume of deals, th. USD 3,225.2 +75.6% 4.3 times Daily average volume of deals, m. KZT 474.0 +75.1% 4.2 times Stock of direct deals (number), % 0.7 -0.2 pp +0.6 pp Stock of direct deals (volume), % 1.8 -0.8 pp +1.3 pp Pension assets, % gross 0.1 -0.3 pp -7.6 pp Individuals, % gross 36.6 -17.9 pp -1.8 pp Non-residents, % gross 15.8 -1.8 pp +1.5 pp KASE members, concluded deals 33 -13.2% -23.3% Market concentration, % 53.4 +25.4 pp +34.3 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 January Dec. 2010 January 2011 2010 ---------------------------- ----------- ------------- ---------- Power energy 72.5 30.7 7.5 Discretional consumer sector 16.1 19.1 47.6 Finance 8.0 13.2 20.2 Raw material sector 2.5 15.0 9.8 Telecommunications services 0.6 20.1 1.3 Industry 0.2 1.1 - Main consumer sector 0.1 0.6 13.2 Public services 0.02 0.1 0.5 Public health - - - Information technologies - 0.02 0.002 ----------------------------------------------------------------- * 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 January 31, 2011 (basis actual/365) ----------------------------------------- Trend in: ------------- Period % % APR --------------------------- ------ ------ For preceding 30 days + 4.2 + 51.6 Since the beginning of 2010 + 1.3 + 1.2 For last 365 days (year) - 3.8 - 3.8 In 2009 + 95.7 + 95.7 Form the beginning of 2009 + 98.2 + 47.2 ----------------------------------------- Tab. 4. Main indicators of exchange purchase and sale share market in January 2011 ---------------------------------------------------------------- Market Volume of Volume of capitalization, deals, deals, Number Date m. USD KASE index th. USD m. KZT of deals -------- --------------- ---------- --------- --------- -------- 31.12.10 60,742.0 1,718.09 836.8 123.4 59 05.01.11 60,553.5 1,701.37 1,261.7 185.7 38 06.01.11 60,946.8 1,718.47 438.6 64.5 53 10.01.11 60,519.5 1,706.25 1,054.1 155.3 39 11.01.11 60,561.5 1,717.85 4,938.5 727.3 47 12.01.11 61,988.5 1,747.50 1,062.1 156.5 69 13.01.11 62,520.7 1,775.98 2,693.1 396.2 135 14.01.11 63,124.3 1,792.41 2,000.9 294.3 105 17.01.11 63,292.3 1,796.61 900.6 132.4 67 18.01.11 64,519.5 1,835.85 2,392.1 351.6 102 19.01.11 64,564.6 1,848.09 904.5 132.9 74 20.01.11 65,057.4 1,833.94 1,318.0 193.6 99 21.01.11 64,386.7 1,815.29 907.4 133.4 65 24.01.11 63,528.2 1,800.11 896.4 131.6 50 25.01.11 63,139.0 1,795.15 841.5 123.5 64 26.01.11 63,234.0 1,794.97 837.5 122.9 63 27.01.11 63,277.9 1,803.65 847.8 124.4 63 28.01.11 63,200.1 1,805.14 1,150.7 169.0 77 31.01.11 62,963.7 1,790.97 33,608.1 4,936.0 252 -------- --------------- ---------- --------- --------- -------- Trend 2,221.7 72.9 % +3.7 +4.2 ---------------------------------------------------------------- Tab. 5. Changes in shares tradable on KASE in January 2011 ------------------------------------------- Shares: Issuers: Admission ----- ----- ----- ----- category Numb. trend Numb. trend ------------------- ----- ----- ----- ----- First 16 0 10 0 ------------------- ----- ----- ----- ----- Second 20 0 15 0 Third 55 0 45 0 Investment funds` 2 0 2 0 securities Unlisted securities 11 0 8 0 ------------------- ----- ----- ----- ----- Total 104 0 75 0 ------------------------------------------- Tab. 6. Results of trades in shares on KASE in January 2011 (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 ------- -------- -------- -------- ------ -------- ---------- --------- ------ AZNOp 1000.00 1000.00 1000.00 1000.00 1100.00 1.3 2 BSUL 630.00 658.05 630.00 0 200.00 658.05 90.0 17 BTAS 4.30 5.60 4.90 -10.9 4.30 1300.00 233.9 111 CCBN 581.00 670.00 658.00 +12.5 515.00 817.00 3,699.4 135 CHFM 1050.00 1100.00 1050.00 -32.7 1000.00 1704.10 14.0 5 CSBNp 445.00 445.00 445.00 409.00 1437.00 43.0 2 GB_ENRC 2360.00 2600.00 2400.00 0 1800.00 2800.00 148.3 41 GB_KZMS 3479.00 3800.00 3510.00 -3.8 2155.00 3800.00 1,306.5 66 HSBK 360.00 397.00 390.00 +5.4 250.00 445.00 885.3 87 HSBKp 168.40 168.40 168.40 168.40 186.00 0.2 1 KAZI 220.00 220.00 220.00 100.00 220.00 9.5 1 KAZIp 350.00 374.04 370.00 0 300.00 390.00 46.1 12 KIBN 155.00 175.00 155.00 155.00 175.00 195.3 7 KKGB 415.00 490.00 462.00 +4.5 356.00 700.00 715.2 85 KZTK 18001.00 19800.00 19550.00 +4.0 11800.00 20850.00 4,095.6 185 KZTKp 8600.00 9523.00 9301.00 +2.2 6000.00 9523.00 532.8 38 PAIN 10526.00 10526.00 10526.00 -19.0 10526.00 13000.00 2,376.2 7 RDGZ 17401.00 20300.00 19400.00 +9.6 15155.01 23500.00 528.8 61 RDGZp 17000.00 20145.00 18910.00 +8.7 10800.00 21988.89 41,352.3 528 SATC 71.00 71.08 71.06 0 70.00 75.00 189.8 25 TSBN 865.00 900.00 865.00 0 865.00 980.00 185.1 3 ZERD 1.35 2.49 1.50 -8.5 0.67 3.50 166.0 19 ZERDp 5.20 5.50 5.20 -8.9 4.60 5.72 189.6 13 ZNGRp 387.00 387.00 387.00 298.00 1250000.00 0.1 1 ------- -------- -------- -------- ------ -------- ---------- --------- ------ 24 57,004.5 1,452 ------------------------------------------------------------------------------ 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 (December 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 January 2011 including STF RFCA ---------------------------------------------------------------------------- Liquidity indicator calculation base (Kl): ------------------------------------------ Rank ------------ volume number number January Apr. Share Liquidity of deals. number of KASE resultant 2010 2010 symbol indicator Kl m. KZT of deals members days ------- ---- ------- ------------ ----------- ---------- -------- ---------- 1 1 RDGZp 3.00 6,074.4 528 27 18 2 2 KZTK 1.79 602.7 185 24 18 3 3 CCBN 1.69 544.2 135 24 18 4 4 BTAS 1.52 34.4 111 24 15 5 5 HSBK 1.35 130.2 87 19 17 6 8 KKGB 1.32 105.1 85 19 16 7 9 RDGZ 1.17 77.7 61 17 15 8 6 GB_KZMS 1.07 192.3 66 16 12 9 7 GB_ENRC 1.04 21.8 41 17 12 10 10 KZTKp 0.88 78.3 38 12 13 ---------------------------------------------------------------------------- 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 31.01.2011: As on 31.12.2010: 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 21,043.1 33.42 1 20,847.9 34.32 +195.2 -0.90 KAZAKHMYS PLС 2 12,747.9 20.25 2 13,244.9 21.81 -497.1 -1.56 RD KazMynaiGas 3 9,678.6 15.37 3 8,900.5 14.65 +778.2 +0.72 Halyk Bank 4 3,914.0 6.22 4 3,755.8 6.18 +158.1 +0.03 Кazkommercbank 5 2,679.4 4.26 6 2,511.2 4.13 +168.2 +0.12 Mangystaumynaigas 6 2,678.4 4.25 5 2,666.9 4.39 +11.4 -0.14 Nurbank 7 1,878.0 2.98 11 578.2 0.95 +1,299.8 +2.03 Каzakhtelekom 8 1,479.3 2.35 7 1,461.6 2.41 +17.7 -0.06 ATFBank 9 1,307.0 2.08 8 1,301.4 2.14 +5.6 -0.07 Bank CentreCredit 10 727.8 1.16 10 647.4 1.07 +80.4 +0.09 ------------------------------------------------------------------------------- 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, January 31, 2011 this indicator made USD62,963.7 mln. 91 shares of 65 issuers were listed on the official list of KASE. [2011-02-10]