AS OF MARCH 29, 2016 KASE CHANGES RESTRICTIVE AND ADJUSTMENT COEFFICIENTS USED TO CALCULATE KASE INDEX
/KASE, March 29, 16/ – As of March 29, 2016, Kazakhstan Stock Exchange (hereinafter – KASE) Committee on Indices and Securities Valuation by its decision of March 28, 2016 defined new restrictive and adjustment coefficients to calculate KASE Index.
The changes were made based on sub-clause 2) of clause 7 of Article 8 of the Methodology of stock market indicators calculation following an increase in the portion of the total market value of shares GB00B0HZPV38 (GB00B0HZPV38, GB_KZMS) KAZ Minerals PLC (London) in the total market value of shares of all titles quoted in the representative list of KASE Index.
The table below shows new share parameters and those effective before March 29, influencing the KASE Index value.
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Effective from March 29, 2016 Effective before March 29, 2016
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number of free restrictive number of free restrictive
outstanding float coefficient outstanding float coefficient
Ticker shares (Fi), % (Ri) shares (Fi), % (Ri)
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CCBN 162,456,800 26.6 1.0000000 162,456,800 26.6 1.0000000
GB_KZMS 458,379,033 57.0 0.1441109 458,379,033 57.0 0.2061705
HSBK 10,911,065,220 26.6 0.2973187 10,911,065,220 26.6 0.2341273
KCEL 200,000,000 25.0 0.4521060 200,000,000 25.0 0.5009389
KEGC 260,000,000 10.0 1.0000000 260,000,000 10.0 1.0000000
KZTK 10,707,323 23.0 1.0000000 10,707,323 23.0 1.0000000
KZTO 384,635,599 10.0 0.8815604 384,635,599 10.0 1.0000000
RDGZ 67,693,075 36.3 0.0843693 67,693,075 36.3 0.0756157
----------------------------- f those redeemed. KASE is taking into account the number
of outstanding shares, which is confirmed by documents available on KASE.
Free float (Fi), % – parameter, determined by KASE as a number of shares not owned by the state, issuer management and shareholders owning five or more percent of common shares of the issuer, except for shareholders in regard of which the Risk committee made a decision that such shareholders shall not be deemed as strategic (institutioanl investors, nominal holders, and entities performing functions of settlement service etc.).
Restrictive coefficient (Ri) – parameter limiting weight of influence of one stock on index value to fifteen percent.
[2016-03-29]