/KASE, April 2, 14, March 27, 14 news repetition/ – Kazakhstan Stock Exchange
(KASE) in accordance with its internal document "Methodology of Securities
Liquidity Indicators Defining" (Methodology) composed lists of shares of the
first, second and third classes of liquidity for April – May 2014 out of shares
admitted to circulation on KASE. The lists were approved by March 26, 2014
decision of the Committee on Indices and Securities Valuation and had been
composed for the purpose of applying of regulations of KASE internal documents
"Regulations of Trades and the Confirmation System Operation" and
"Regulations on Market-Makers" to shares contained therein.
Below is the list of shares of the first class of liquidity, effective from
April 1 to May 31, 2014 (securities titles are indicated in the descending
order of their liquidity):
1) common shares KZ1C29950017 (KZ1C00000744, KASE official list, first
category, KZTO) of KazTransOil;
2) common shares GB00B0HZPV38 (KASE official list, first category,
GB_KZMS) of KAZAKHMYS PLС;
3) common shares KZ1C12280018 (KZ0009093241, KASE official list, first
category, KZTK) of Kazakhtelecom;
4) common shares KZ1C33870011 (KZ000A0LE0S4, KASE official list, first
category, HSBK) of Halyk Savings Bank of Kazakhstan;
5) common shares KZ1C59150017 (KZ1C00000876, KASE official list, first
category, KCEL) of Kcell;
6) preferred shares KZ1P51460114 (KZ000A0RMTC3, KASE official list, third
category, RDGZp) of KazMunaiGas Exploration Production;
7) common shares KZ1C51460018 (KZ000A0KEZQ2, KASE official list, first
category, RDGZ) of KazMunaiGas Exploration Production.
8) common shares KZ1C00400016 (KZ000A0JC858, KASE official list, first
category, KKGB) of Kazkommertsbank;
9) common shares KZ1C34920013 (Unlisted Securities Sector, BTAS) of BTA
Bank;
10) preferred shares KZ1P12280114 (KZ0009094645, KASE official list, first
category, KZTKp) of Kazakhtelecom;
11) common shares KZ1C36280010 (KZ0007786572, KASE official list second
category, CCBN) of Bank CenterCredit;
12) common shares KZ1P00400112 (KZ0005416453, KASE official list, first
category, KKGBp) of Kazkommertsbank;
Compared with the current list of the first class liquidity shares composed for
February–March 2014, out of the list of shares of the first class of liquidity
composed for April–May 2014 KZ1C06320010 (KZ000A1CTMZ4, KASE official list,
third category, RAHT) of Rakhat JSC were removed and preferred shares
KZ1P00400112 (KZ0005416453, KASE official list first category, KKGBp) of
Kazkommertsbank JSC were included.
Trades in shares of the first class of liquidity are held on KASE on working
days – from 11:30 a.m. to 05:00 p.m. (Almaty time) by method of uninterrupted
counter-directed auction (whereas the so-called Frankfurt trading method is
used) and are switched to standby-mode in case of matching or crossing of bids
and asks, if the price of a proposed deal deviates from the last transaction
price of such shares by 10 %. For market-makers for the first liquidity class
shares the maximum values of spreads between the best mandatory quotations for
securities are set at 4 %.
Trades in shares of the second and third classes of liquidity are held at
KASE on working days – from 03:00 p.m. to 05:00 p.m. (Almaty time) by the
method of uninterrupted counter-directed auction and are switched to standby-
mode in case of matching or crossing of bids and asks, if the price of a
proposed deal deviates from the last transaction price of such shares by 5 %.
For market-makers of illiquid shares of the second and third classes of
liquidity the maximum values of spreads between the best mandatory quotations
for securities are set at 5 %.
The lists of shares of the first, second and third classes of liquidity for
February–March 2014 are available on KASE website at
http://www.kase.kz/files/normative_base/liquid_2014_febr_march_eng.pdf
The lists of shares of the first, second and third classes of liquidity for
April–May 2014 are available on KASE website at
http://www.kase.kz/files/normative_base/liquid_2014_apr_may_eng.pdf
Regulations of Trades and Confirmation System Operation are available at –
http://www.kase.kz/files/normative_base/reglament_trade_eng.pdf
Regulations on Market-Makers are available at –
http://www.kase.kz/files/normative_base/m_maker_eng.pdf
Methodology of Securities Liquidity Indicator Defining is available at –
http://www.kase.kz/files/normative_base/metodika_liquid_eng.pdf
[2014-04-02]