/KASE, March 31, 16, March 28, 16 news repeat/ – Kazakhstan Stock Exchange
(KASE) in accordance with its internal document "Methodology of Securities
Liquidity Indicators Defining" (Methodology) composed lists of shares of the
first, second and third classes of liquidity for April – May 2016 out of shares
admitted to circulation on KASE. The lists were approved by March 24, 2016
decision of the Committee on Indices and Securities Valuation and had been
composed for the purpose of applying of regulations of KASE internal documents
"Regulations of Trades and the Confirmation System Operation" and "Regulations
on Market-Makers" to shares contained therein.
Below is the list of shares of the first class of liquidity, effective from
April 1 to May 31, 2016 (securities titles are indicated in the descending
order of their liquidity):
1) common shares KZ1C34930012 (KZ1C00000959, KASE official list, first
category, KEGC) of Kazakhstan Electricity Grid Operating Company "KEGOC"
(Astana);
2) common shares KZ1C29950017 (KZ1C00000744, KASE official list, first
category, KZTO) of KazTransOil;
3) common shares GB00B0HZPV38 (KASE official list, second category, GB_KZMS) of
KAZ Minerals PLC;
4) preferred shares KZ1P51460114 (KZ000A0RMTC3, KASE official list, first
category, RDGZp) of KazMunaiGas Exploration Production;
5) common shares KZ1C33870011 (KZ000A0LE0S4, KASE official list, first
category, HSBK) of Halyk Savings Bank of Kazakhstan;
6) common shares KZ1C59150017 (KZ1C00000876, KASE official list, first
category, KCEL) of Kcell;
7) common shares KZ1C12280018 (KZ0009093241, KASE official list, first
category, KZTK) of Kazakhtelecom;
8) common shares KZ1C59680013 (KZ1C00001015, KASE official list, second
category, BAST) of BAST;
9) common shares KZ1C51460018 (KZ000A0KEZQ2, KASE official list, first
category, RDGZ) of KazMunaiGas Exploration Production;
10) common shares US0605051046 (KASE official list, second category, US_BAC_)
of Bank of America Corporation;
11) preferred shares KZ1P00400112 (KZ0005416453, KASE official list, second
category, KKGBp) of Kazkommertsbank;
12) common shares KZ1C00400016 (KZ000A0JC858, KASE official list, first
category, KKGB) of Kazkommertsbank;
13) common shares KZ1C36280010 (KZ0007786572, KASE official list, first
category, CCBN) of Bank CenterCredit;
14) preferred shares KZ1P12280114 (KZ0009094645, KASE official list, first
category, KZTKp) of Kazakhtelecom;
Compared with the current list of shares of the first liquidity class which was
composed for February – March 2016, the list of shares of the first liquidity
class for April – May 2016 now additionally includes:
- preferred shares KZ1P00400112 (KZ0005416453, KASE official list, second
category, KKGBp) of Kazkommertsbank;
- common shares KZ1C00400016 (KZ000A0JC858, KASE official list, first category,
KKGB) of Kazkommertsbank;
- preferred shares KZ1P12280114 (KZ0009094645, KASE official list, first
category, KZTKp) of Kazakhtelecom.
Trades in shares of the first class of liquidity are held on KASE on working
days – from 11:30 a.m. to 05:00 p.m. (Almaty time) by method of uninterrupted
counter-directed auction (whereas the so-called Frankfurt trading method is
used) and are switched to standby-mode in case of matching or crossing of bids
and asks, if the price of a proposed deal deviates from the last transaction
price of such shares by 5 %. For market-makers for the first liquidity class
shares the maximum values of spreads between the best mandatory quotations for
securities are set at 4 %.
Trades in shares of the second and third classes of liquidity are held at KASE
on working days – from 03:00 p.m. to 05:00 p.m. (Almaty time) by the method of
uninterrupted counter-directed auction and are switched to standby-mode in case
of matching or crossing of bids and asks, if the price of a proposed deal
deviates from the last transaction price of such shares by 5 %. For
market-makers of illiquid shares of the second and third classes of liquidity
in accordance with the Regulations on Market-Makers the maximum values of
spreads between the best mandatory quotations for securities are set at 5 %.
The lists of shares of the first, second and third classes of liquidity for
April – May 2016 are available on KASE website at
http://www.kase.kz/files/normative_base/liquid_2016_april_may_eng.pdf
The lists of shares of the first, second and third classes of liquidity for
February – March 2016 are available on KASE website at
http://www.kase.kz/files/normative_base/liquid_2016_feb_march_eng.pdf
Regulations of Trades and Confirmation System Operation are available at –
http://www.kase.kz/files/normative_base/reglament_trade_eng.pdf
Regulations on Market-Makers are available at –
http://www.kase.kz/files/normative_base/m_maker_eng.pdf
Methodology of Securities Liquidity Indicator Defining is available at –
http://www.kase.kz/files/normative_base/metodika_liquid_eng.pdf
[2016-03-31]