In April capitalization of the Exchange market for PIS of Kazakhstan fell from 2,228.3 mln to 1,625.7 mln U.S. dollars

/IRBIS, May 2, 00/ - In late April of the year 2000 capitalization of the Exchange market for corporate securities of Kazakhstan (A+B+N without SBS) was estimated at $1,625.7 mln, or KZT230,858.2 mln at tenge to dollar rate of the Exchange, effective on that date. At the beginning of April corresponding figure was at $2,228.3 mln, or KZT316,302.0 mln. Within a month capitalization fell by $602.6 mln in terms of dollars. Such a significant change in capitalization, not usual for Kazakhstani stock market of PIS, was caused solely by restructuring of KASE list of securities, and namely - by a removal of common and preferred shares of OJSC "Aksaigazservice", common and preferred shares of OJSC "Uzenmunaigas", as well as 30 shares of 29 companies, that were quoted in "Non-listed securities" sector, from the trade list of the Exchange. "Cleanup" of the lists was undertaken due to an absence of quotations and deals in these securities for a long time. Decrease in the values of following securities had an impact on the capitalization: - common shares of OJSC "Bank CenterCredit" - by 10.3%; - common shares of OJSC "TEMIRBANK" - by 0.3%; - preferred shares of OJSC "KAZAKHTELECOM" - by 50.0%; - common shares of OJSC "Kazzinc" - by 24.2%; - preferred shares of OJSC "Mangistaumunaigas" - by 8.6%. On the other hand, decrease in the capitalization of the Exchange market for PIS, mentioned above, was compensated by entering common and preferred shares of OJSC "Almaty Kus", common shares of OJSC "Kazzinc", common shares of OJSC "Zaman-Bank" into trade lists of KASE, as well as by the growth in the next securities: - common shares of OJSC "Corporation Kazakhmys" - by 13.6%; - common shares of OJSC "TNC "Kazchrome" - by 23.2%; - preferred shares of OJSC "Aluminii Kazakhstana" - by 16.9%. As of late April (corresponding figures for late March, 2000 are given in parentheses) in trade lists of KASE there were: 59 (89) PIS of 39 (68) issuers and 4 (4) state blocks of shares. The agency IRBIS draws the attention to the fact, that due to the narrowness of Kazakhstani market for PIS, these given dynamics of the share prices do not reflect the results of financial and economic activities of their issuers and was influenced by exclusively local conjuncture.