At KASE dealers offered state securities in foreign currency, but only non-indexed securities were on demand

/IRBIS, 05.08.99/ - Based on the results of state securities free quotation at KASE on August 05 the market conjuncture fully reflected the general mood of the participants. Demand was very high for short term state securities nominated in tenge, while there was no interest in MEKAVM. Though, only securities indexed based on their devaluation were offered for the trade. Parameters of the trade are shown in the following table (yield on indexed securities is taken into account while converting at an official rate): Yield to maturity, %per year Days till ------------------------------------------ Currency redemption average highest bid highest offer -------- ---------- ------- ----------- ------------- KZT 2 9.10 KZT 8 12.32 11.40 KZT 15 15.14 KZT 16 13.04 13.73 KZT 36 *15.90 KZT 84 19.94 -------- ---------- ------- ----------- ------------- USD 36 7.00 USD 43 7.00 USD 50 8.00 USD 64 8.00 -------- ---------- ------- ----------- ------------- * full yield to maturity for MEOKAM As it was mentioned by the agency yesterday, the trade volume of buy-sell sector for state securities at KASE totaled to 216.2 mln. tenge. On Wednesday the demand prevailed over the supply for state securities on the secondary market. However, the participants were interested only in short term state securities nominated in tenge. It could be assumed that good conditions will exist for the National Bank to decrease the yield of big amounts being attracted upon placement of 21 day notes.