In February stock market capitalization for PIS of Kazakhstan decreased from 2,217.0 mln to 2,170.9 mln U.S. dollars

/IRBIS, Feb.29, 00/ - As of February 29, 2000 stock market capitalization for corporate securities of Kazakhstan (A+B+N excluding SBS) equaled 2,170.9 mln U.S. dollars or KZT304,875.3 mln at KZT/USD rate of the Exchange, effective on that date. By the beginning of February of the year 2000 corresponding figure was at 2,217.0 mln U.S. dollars or KZT309,007.2 mln. Capitalization decreased by $46.2 mln within a month, which as mainly caused by a removal of OJSC "Embamunaigas" preferred shares from the trade list of the Exchange and decreases in market values of: - common shares of OJSC "TNC "KAZCHROME" - 91.2%; - common shares of OJSC "Corporation Kazakhmys" - 15.8%; - preferred shares of OJSC "Mangistaumunaigas" - 42.9%; - common shares of OJSC "GEOTEKS" - 41.2%; 2.5% growth in value of common shares of OJSC "Bank TuranAlem" partially compensated the market capitalization decrease caused by the reasons mentioned above. In general, a decrease in values of securities traded at KASE was observed during the month. In trade lists of KASE total of (in parentheses corresponding figures for the end of January, 2000 are given) 89 (90) PIS of 68 (68) emitters and 4 (4) state owned block of shares were in late February.