/IRBIS, Dec.5, 00/ - As of late November, capitalization of the exchange market for shares of Kazakhstan totaled $1,354.5 mln, or KZT195,256.6 mln at KZT/USD rate of the Exchange, effective on November 30,00. As of early November corresponding figure was at $1,305.6 mln, or KZT186,145.7 mln. The market capitalization increased by $48.9 mln, or 3.7% during the month.

The decline in capitalization was caused mainly by a decrease in market values of the following securities:

• common shares of Bank TuranAlem OJSC (BTAS, official list of securities, category "A") - by 1.1%;
• common shares of Bank CenterCredit OJSC (CCBN, official list of securities, category "A") - by 9.0%;
• common shares of Halyk Bank of Kazakhstan OJSC (HSBK, official list of securities, category "A") - by 13.1%;
• preferred shares of Kazakhtelecom (KZTKp, official list of securities, category "A") - by 25.6%;
• common shares of Aliuminii Kazakhstana OJSC (ALKZ, official list of securities, category "B") - by 12.9%;
• common shares of TNC KAZCHROME OJSC (KZCR, official list of securities, category "B") - by 23.9%.

The decline in the values of following securities had a negative impact on the capitalization: preferred shares of Kazakhmys OJSC (KZMSp, official list of securities, category "B") by 65%; preferred shares of SSGPO OJSC (SSGPp, "Non-listed securities" sector, admittance level 2) - by 0.7%;
common shares of VALUT-TRANZIT BANK OJSC (VTBN, official list of securities, category "B") - by 7.6%; preferred shares of VALUT-TRANZIT BANK OJSC (VTBNp, official list of securities, category "B") - by 32.4%.

As of late November, there were (corresponding figures for the end of October are given in parentheses) 78 (77) securities of 53 (52) issuer in trade lists of the KASE.

IRBIS analysts draw the attention to the fact that due to the narrowness of the Kazakhstani securities market, this given dynamics of the share values do not reflect the financial and economic results of their issuers in any way and was influenced only by the local factors of the market conjuncture.