In five months volume of transactions reached $3,069.9m at KASE or 2.19 times more than in similar period of 2000
/IRBIS, June 4, 01/ - In first five months of 2001 total volume of transactions held at the KASE in all sectors of the market reached an equivalent of $3,069.9m, or KZT446.9bn. Compared to similar period of 2000 the transaction volume grew 2.19 times in terms of dollars, and 2.25 times calculated in tenge.
Following is the table of the Exchange's turnover in respective months during the last two years (in mln USD), as well as turnover dynamics.
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January-May 2001
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trend, %
Market January- August- ----------------------
Sector of May, December, Data for to Jan-May to Aug-Dec
KASE 2000 2000 period 2000 2000
--------- -------- --------- -------- ---------- ----------
Foreign 617.0 849.3 695.3 +12.7% -18.1%
currency 44.0% 30.4% 22.6%
--------- -------- --------- -------- ---------- ----------
GB 712.0 1,862.9 2,291.4 +221.8% +23.0%
50.7% 66.6% 74.6%
--------- -------- --------- -------- ---------- ----------
CS 29.4 77.7 83.3 +183.4% +7.1%
2.1% 2.8% 2.7%
--------- -------- --------- -------- ---------- ----------
Futures 44.8 7.5 0 -100.0% -100.0%
3.2% 0.3% 0%
--------- -------- --------- -------- ---------- ----------
TOTAL 1,403.2 2,797.4 3,069.9 +118.8% +9.7%
100% 100% 100%
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Presented data suggest about steady growth of the turnover on one hand, and lowering of growth rates on the other.
The positive trend is growth of deals volumes in securities. However, this growth is mainly attributed to GB sector. The growth of corporate securities sector in total turnover is not stable, yet in absolute money terms this sector is growing.
IRBIS analysts expect further extension of corporate securities (CS) sector thanks to new bonds emissions in second half of the year.
The table below presents dynamics of stock exchange turnover broken down by sectors and months. Sector structure of the turnover is estimated at dollar equivalent. The data on futures contracts are absent as no deals have been made in this sector.
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Foreign exchange GB CS TOTAL
------------------- ------------------- ----------------- --------------
bn, bn, share, bn, bn, share, bn, bn, share, bn, bn,
Month USD KZT % USD KZT % USD KZT % USD KZT
-------- ----- ------ ------ ------ ------ ------ ---- ----- ------ ------ ------
January 126.2 18.34 18.1 564.7 82.06 80.9 6.8 0.99 1.0 697.7 101.39
February 133.3 19.37 26.4 358.0 52.02 71.0 12.8 1.86 2.5 504.1 73.26
March 145.2 21.12 24.1 435.4 63.35 72.2 22.4 3.27 3.7 603.0 87.74
April 129.7 18.88 20.6 480.3 69.91 76.2 20.4 2.98 3.2 630.4 91.77
May 160.9 23.52 25.4 453.0 66.20 71.4 20.8 3.04 3.3 634.7 92.75
-------- ------------ ----- ------ ------ ------ ---- ----- ----- ------ ------
TOTAL: 695.3 101.23 22.6 2291.4 333.55 74.6 83.3 12.13 2.7 3069.9 446.90
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The presented data allow to confirm some stability of the turnover structure and growth of CS market share.
All equivalent amounts were calculated by the method adopted at the KASE: for foreign currency and the securities - at the exchange rate of the main session of the KASE, effective on the deal conclusion date; for government bonds (GB) - at the exchange rate of the main session of the KASE (euronotes, IFO bonds) or at official rate effective on the deal conclusion date (GB of the Ministry of Finance or the National Bank).
Again, by the results of 2000 total volume of deals at the KASE equaled 5,077.8 mln U.S. dollars, or KZT725.2 bln (27.9% of GDP). Compared to 1999 ($3,535.3 mln, or KZT442.1 bln - 21.9% of GDP) turnover growth calculated in dollars grew 1.44 times, and 1.64 time in terms of tenge. By comparing this figures with those given in the first paragraph it can be said that so far, the growth rate of the transaction volumes at the KASE in 2001 exceeds that of the year 2000.
In 2000 the most growth in transaction volumes, 7.1 times, or 613.1%, relative to 1999 was attributed to the CS sector. The volumes of deals in GB increased 2.8 times, or 176.8% relative to 1999. The comparison of these figures with the results of the first five months of the 2001 indicate that the growth rate of the transactions made in the securities slowed down relative to all the year 2000, while the government bonds sector kept expanding.