Investment attractiveness of stock exchange financial instruments from January 27, 00 through February 2, 00

/IRBIS, Feb.3, 00/ - Following is the table that allows to compare investment attractiveness of the financial instruments, which were regularly traded or quoted (thanks to the market-makers) at KASE from January 27 through February 2. Financial Yield, instrument Currency % APR. ------------- -------- ---------- KZT (repo) KZT *10.75 АVМЕКАМ USD 12.51 KKGBb USD 12.62 BTAS USD 12.43 МЕККАМ, notes KZT *15.54 МЕКАVМ, MGU USD *9.08 Euronotes-2 USD 10.33 Euronotes-3 USD 11.22 ------------- -------- ---------- Yield of OJSC "Bank TuranAlem" shares (BTAS) was calculated for 6 days by purchasing quotations. The yields, shown here, do not incorporate overhead expenses that are inevitable when conducting operations and fixing profits (commission and tax collections, membership fees etc). one more thing should be kept in mind that average revaluation rate of the tenge (tenge exchange rate was growing relative to the U.S. dollar) equaled 2.2% APR during the observed period. Marked by a star are the instruments with less than a year circulation term. Weighted average effective yields are given for them. For the remaining instruments - the best nominal yields to maturity of the week are given. In IRBIS specialists' opinion, the table clearly shows that during the observed period MEKKAM of the Ministry of finance and the notes of the National Bank were the most attractive instruments in all respects. Besides, these instruments are characterized by the smallest investment risk, considering a high liquidity in current situation.