In August capitalisation of the securities market of Kazakhstanincreased from $1,329.7 mln down to $1,331.9 mln

/IRBIS, Sep.5, 00/ - As of late August capitalisation of the market for corporate securities of Kazakhstan was estimated at $1,331.9 mln, or KZT189,827.1 mln at KZT/USD rate of KASE, effective on August 31. As of early August 2000 corresponding figure was $1,329.7 mln, or KZT189,756.1 mln. Within a month capitalisation grew by $2.2 mln, or 0.2%. Change in the capitalisation in August was mainly caused by an increase in market values of the following securities: - common shares of Bank TuranAlem OJSC (BTAS, official list of securities, category "A") - by 6.3%; - common shares of Bank CenterCredit OJSC (CCBN, official list of securities, category "A") - by 43.0%; - preferred shares of Kazakhtelecom (KZTK, official list of securities, category "A") - by 15%; - common shares of SHYMKENTPIVO CJSC (CHPV, "Non-listed securities" sector, second admission level) - by 0.2%; - common shares of Kazzinc OJSC (KZZN, "Non-listed securities" sector, second admission level) - by 4.8%; At the same time the value of Mangistaumunaigas OJSC preferred shares (MMGZp, official list of securities, category "B") fell 2 times within a month. As of late August (corresponding figures for July, 2000 are given in parentheses) in trade lists of KASE there were: 70 (69) securities of 49 (49) 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.