In June capitalization of the Exchange market for PIS of Kazakhstan decreased from 1,689.1 mln to 1,513.5 mln U.S. dollars

/IRBIS, July 3, 00/ - In late June of the year 2000 capitalization of the Exchange market for corporate securities of Kazakhstan (A+B+N without SBS) was estimated at $1,513.5 mln, or KZT216,220.3 mln at tenge to dollar rate of the Exchange, effective on that date. At the beginning of June, 2000 corresponding figure was at $1,689.1 mln, or KZT240,357.2 mln. Within a month capitalization fell $175.6 mln, or 10.4% in terms of dollars. Change in the capitalization in June was caused mainly by a decrease in market values of the following securities: - common shares of OJSC "Halyk Bank of Kazakhstan" (HSBK, official list of securities, category "A") - by 60.8%; - preferred shares of OJSC "Kazakhtelecom" (KZTKp, official list of securities, category "A") - by 66.2%; - preferred shares of OJSC "Aliuminii Kazakhstana" (ALKZp, official list of securities, category "B") - by 14.2%; - preferred shares of OJSC "Mangistaumunaigas" (MMGZp, official list of securities, category "B") - 2 times; - preferred shares of OJSC "Aktobemunaigas" (AMGZp, "Non-listed securities" sector, admittance level 2) - 13.6 times. The second reason for the capitalization to fall in June is the removal of OJSC "Ural-Poliplast" shares from "B" listing (the market capitalization at the moment of the removal - $1,574.9 mln). As of late June (corresponding figures for late May, 2000 are given in parentheses) in trade lists of KASE there were: 67 (68) PIS of 48 (48) issuers. 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.