In July capitalisation of the Exchange securities market of Kazakhstan decreased from $1,513.5 mln down to $1,329.7 mln

/IRBIS, Aug. 2, 00/ - In the end of July capitalisation of the Exchange market for corporate securities of Kazakhstan was estimated at $1,329.7 mln, or KZT189,756.1 mln at KZT/USD rate at KASE, effective on July 31. At the beginning of July 2000 corresponding figure was $1,513.5 mln, or KZT216,220.3 mln. Within a month capitalisation fell by $183.9 mln, or 12.2%. Change in the capitalisation in July was mainly caused by a decrease in market values of the following securities: - ordinary shares of BankCenterCredit OJSC (CCBN, official list of securities, category "A") - by 30.0%; - ordinary shares of Kazakhtelecom (KZTK, official list of securities, category "A") - by 47.2%; - ordinary shares of Kazzinc OJSC KZZN, "Non-listing securities" sector, second admission level) - by 14.7%; - preferred shares of Mangistaumunaigas OJSC (MMGZp, official list of securities, category "B") - 2 times; The second reason of capitalisation decrease is dismissal of Zhyluenergiya OJSC shares from the "Non-listing securities" sector (market capitalisation at the moment of dismissal - $840.0 th). At the same time, the decrease was partly compensated by admission of KASKOR-TRANSSERVICE OJSC and SHYMKENTPIVO CJSC ordinary and preference shares into trade lists of KASE. The growth was also caused by raise in prices of following securities: - preferred shares of Kazakhtelecom (KZTK, official list of securities, category "A") - 3.3 times; - preferred shares of VALUT-TRANSIT BANK (VTBNp, official list of securities, category "B") - by 16.1. As of the end of July (corresponding figures for June, 2000 are given in parentheses) in trade lists of KASE there were: 69 (67) securities of 49 (48) issuers. The agency IRBIS draws the attention to the fact, that due to the narrowness of Kazakhstan securities market, 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.