/CORRECTED VERSION/ In April Capitalization of the market of Private Securities of Kazakhstan decreased from $2,228.3 mln to 1,625.7 mln

/IRBIS, May 3, 00/ - At the end of April, 2000 capitalization of the exchange market of Non-state Securities of Kazakhstan (A+B+N without the State Block of Shares) has amounted to $1,625.7 million or 230,858.2 mln tenges at the Exchange rate on the current data. At the beginning of April the corresponding parameter was $2,228.3 mln or 316,302.0 mln tenges. For one month capitalization has decreased by $602.6 mln. Such substantial shift in capitalization, uncommon for Kazakhstan market of private securities, was due to restructuring of securities' list on KASE. In particular, preferred and common shares of OJSC "Aksaigasservice," preferred and common shares of OJSC "Uzenmunaigas" and also 30 other stocks of 29th companies quoted in the sector "Non-listing securities" were excluded from trade lists of the exchange. Such clean-up was undertaken because of lack of deals with these securities over a long period of time. The decrease in capitalization also happened due to fall in price of following securities: - 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%; - preferred shares of OJSC "Mangistaumunaigas" - by 8.6%. On the other hand, inclusion in the list of KASE of common and preferred shares of OJSC "Almaty Kus", common shares of OJSC "Kazzink" and common shares of OJSC "Zamanbank" partially compensated decline in capitalization. There was also a growth in prices of the following shares: - common shares of OJSC "Corporation Kazakhmys" - by 13.6%; - common shares of OJSC "Kazchrome" - by 23.2%; - preferred shares of OJSC "Aliuminii Kazakhstana" - by 16.9%. In total by the end of April, the trade list of KASE contains (number in parentheses are figures for the end of March) 59 (89) PIS of the 39 (68) emitters and 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.