FROM MAY 3, 2016 KASE CHANGES PARAMETERS OF SHARES INCLUDED IN KASE INDEX REPRESENTATIVE LIST
/KASE, May 3, 2016/ – From May 3, 2016, Kazakhstan Stock Exchange JSC (KASE) Committee on Indices and Securities Valuation by its decision of May 3, 2016 defined new parameters of shares, included in the representative list of KASE index – portions of shares in free circulation, and restrictive coefficients.
The table below shows new share parameters and those effective before May 3, influencing the KASE Index value.
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Effective from May 3, 2016 Effective before May 3, 2016
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free restrictive 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 0.1353890 458,379,033 57.0 0.1441109
HSBK 10,911,062,620 26.6 0.3264024 10,911,065,220 26.6 0.2973187
KCEL 200,000,000 25.0 0.5786259 200,000,000 25.0 0.4521060
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 0.8502021 384,635,599 10.0 0.8815604
RDGZ 67,693,075 36.3 0.0986042 67,693,075 36.3 0.0843693
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In addition, by the mentioned Committee on Indices and Securities Valuation decision from May 3, 2016 at the KASE index calculation shall be used the new adjustment coefficient (K) value – 1.5973395. Before the said date the K equaled to 1.6860721.
NOTES TO TABLE
KASE Index – KASE share market index, showing change of prices of shares listed on the representative list for calculation of the index with account to capitalization of issuers and number of free floating shares (free float). One stock may not exceed 15 % weight in the index. KASE Index is calculated within a trading day as deals in the representing stocks are concluded. In case no deals, parameters of which are required for calculation of the KASE Index were made in the stock during a trading day, for purposes of such calculation, results of the last resultant trading session will be used.
The Methodology of index calculation is regulated by the KASE internal document "Methodology of Stock Market Indicators Calculation", available at the KASE website at: see more
The page on the index is available at: see more
Ticker shows: issuer code of security trading on KASE (first 4 symbols, – common share code); share category (if the fifth symbol is "p", preferred share); share issue order number (if required, the sixth symbol is a digit). Issuers code: CCBN – Bank CenterCredit JSC; GB_KZMS – KAZAKHMYS PLC; HSBK – Halyk Savings Bank of Kazakhstan JSC; KCEL – Kcell JSC; KEGC – Kazakhstan Electricity Grid Operating Company "KEGOC" JSC (KEGC); KKGB – Kazkommertsbank JSC; KZTK – Kazakhtelecom JSC; KZTO – KazTransOil JSC; RDGZ – KazMunaiGas Exploration Production JSC.
Outstanding shares – parameter, which is determined independently by KASE on the basis of listing company share register extract data or information provided by the company as a number of outstanding shares of a listing company net of 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.
[2016-05-03]