In October volume of deals in securities reached $21.4 mln in all sectors; for current year - $94.3 mln

/IRBIS, Nov.1, 00/ - In October 2000 at the Kazakhstan Stock Exchange (KASE) 73 deals in securities were made in all sectors of the market for a total of $21,355.8 th., or KZT3,045.8 mln at current rate of the Exchange effective on the day the deals were made on. Below is the table presenting monthly volumes of deals with securities at KASE in a year 2000 (thousand US dollars). IRBIS specialists warn that it is possible to conduct hidden repo deals in securities purchase and sale sector of the KASE, therefore, given volumes of the deals in this sector of the market can include those deals. --------------------------------------------------------- Sector of the securities exchange market ------------------------------------ Month Primary Purchase and sale Repo Total --------------------------------------------------------- January 21,410.1 21,410.1 February 464.8 963.8 1,428.6 March 2,284.3 385.7 2,670.0 April 338.4 840.9 1,057.7 2,237.1 May 3.9 1,633.3 9.1 1,646.3 June 818.5 8,677.2 17.8 9,513.5 July 13,503.2 8,190.1 196.9 21,890.1 August 2,253.4 1,773.5 1,087.1 5 114.00 September 7,071.6 7,071.6 October 1,293.2 16,511.8 3,550.8 21,355.8 --------------------------------------------------------- TOTAL 18,675.5 69,356.6 6,298.1 94,330.1 --------------------------------------------------------- In 1999 the volumes of securities operations at KASE were equal to $21,603.2 th. The table shows that the volume that was reached in October is very high. It is enough to say that this amount almost reached similar figure for the whole year 1999. It is also clear that the October record was due to big volumes of repo deals. Primary market of the month was represented by the offering of the tranche of first issue coupon bonds of Almaty Merchant Bank CJSC (KZ2CKAN3AA16; official list of the KASE securities under category "A", ATFBb; Oct.2,00 - Oct.2,01; $100; $5.0 mln; semiannual coupon at 10.50% APR) with the face value of $1.3 mln. In purchase and sale sector the trades in 17 instruments were successful. The most liquid were coupon bonds of NOTC KazTransOil CJSC (KZ73LAONAA35; official list of the KASE securities under category "A", KZTOb; Oct.23,00 - Oct.23,03; $100; $30.0 mln; semiannual coupon at 9.0%), which controlled 38.1% of all deals in the sector. By the information of the IRBIS, a single deal was made in these bonds at initial offering of the issue that was held by the issuer based on the subscription. Then, in terms of liquidity there were common inscribed shares of Bank TuranAlem OJSC (KZ1C34920412, official list of the KASE securities under category "A", BTAS) - 33.5% of the turnover and common inscribed shares of Kazakhtelecom (KZ1C12280417, official list of the KASE securities under category "A", KZTK) - 9.8% of the sector's turnover. 28 deals out of 68 concluded deals were made by the brokers in the Quotation system of the KASE, which eliminates automatic satisfaction of the bids in counter auction mode (so-called direct deals that are made by the operators upon agreements, and not the result of the trades on the market). Remaining 40 deals was made in main mode of the KASE trade system by using a counter auction mode. In repo sector $1,028.6 th. (186 days at 12.97% APR in USD) worth of repos were closed in shares of Bank CenterCredit OJSC and $2,453.8 th. (30 days at 2.99% APR in USD) worth of repos were opened in Bank TuranAlem OJSC shares in October. Despite a significant increase in the volumes of operations, in October the securities market of Kazakhstan at the Exchange (especially the market of the shares) remains narrow, relatively sluggish and does not show any clear trend in the dynamics of the market values of the securities. The KASE index that reflects the changes in the bids on the shares from the official list of the Exchange's securities of the category "A", including the market capitalization of their issuers, increased by 0.6086 within a month, at 100.0005 at October 31 closing. The sine shaped change in the index (see the table) fully reflects instability and narrowness of the market of shares, as well as absence of any trend there. --------- -------- -------- Date Index Trend --------- -------- -------- Sep.29.00 99.3920 Oct.2.00 100.0006 +0.6086 Oct.3.00 100.0006 -0.0000 Oct.4.00 100.7598 +0.7592 Oct.5.00 99.3931 -1.3667 Oct.6.00 100.9196 +1.5265 Oct.9.00 99.2832 -1.6364 Oct.10.00 100.7614 +1.4782 Oct.11.00 100.0000 -0.7614 Oct.12.00 100.0223 +0.0223 Oct.13.00 100.4737 +0.4514 Oct.16.00 99.6490 -0.8247 Oct.17.00 100.5760 +0.9270 Oct.18.00 99.7073 -0.8687 Oct.19.00 100.0004 +0.2931 Oct.20.00 100.3103 +0.3099 Oct.23.00 84.2948 -16.0154 Oct.24.00 100.0004 +15.7055 Oct.26.00 100.0009 +0.0005 Oct.27.00 100.5270 +0.5261 Oct.30.00 99.3139 -1.2131 Oct.31.00 100.0005 +0.6867 --------- -------- --------