In six months of 2001 volume of transactions at KASE reached $3,594.4m, a 1.99 time increase from similar period of 2000
/IRBIS, July 4, 01/ - During the first six months of 2001 total volume of transactions made in all sectors of the KASE reached an equivalent of $3,594.4m, or KZT523.8bn. Compared to similar period of last year, turnover increased 1.99 times measured in dollars and 2.04 times measured in tenges. Relative to previous six-month period (July-December 2000) turnover increased 1.10 times in terms of dollars, and 1.12 times - in tenges.
Following is the table of volumes of deals made at KASE during those periods, as well as dynamics of the turnover structure of the Exchange. The calculation was made in terms of dollars.
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January-June 2001
-----------------------------------
Trend, %
Market January- July- -----------------------
sector June, December, Data of the to Jan-July to July-Dec
KASE 2000 2000 period 2000 2000
-------- -------- --------- ----------- ----------- -----------
Foreign 756.9 986.5 837.7 +10.7% -15.1%
currency 43.2% 30.3% 23.3%
-------- -------- --------- ----------- ----------- -----------
GS 957.4 2,171.6 2,645.4 +176.3% +21.8%
54.6% 66.7% 73.6%
-------- -------- --------- ----------- ----------- -----------
CS 38.9 99.6 111.3 +186.1% +11.7%
2.2% 3.1% 3.1%
-------- -------- --------- ----------- ----------- -----------
Futures 0 0 0 -100% -100%
0% 0% 0%
-------- -------- --------- ----------- ----------- -----------
TOTAL 1,753.2 3,257.7 3,594.4 +105.0% +10.3%
100% 100% 100%
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Just like in previous similar periods (January-May 2001 and other comparable periods), on one hand, the data given in the table, show a steady growth of the turnover at the Exchange, and on the other hand - a gradual decline in the growth rate. Following table is given to demonstrate this for previous period.
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January-May 2001
---------------------------------
Trend, %
Market January- August- ---------------------
sector May, December, Data of the 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%
-------- -------- --------- ----------- ---------- ----------
GS 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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Following is the table with the dynamics of the turnover of the Exchange in this year, which is grouped by months and market sectors. Turnover structures of the sectors were calculated in terms of dollars. No data are given for futures because of the absence of deals.
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Foreign currency GS CS TOTAL
------------------ -------------------- ----------------- -------------
m bn share, m bn share, m bn share, m bn
Month USD KZT % USD KZT % USD KZT % USD KZT
----- ----- ----- ------ ------- ----- ------ ----- ---- ------ ------- -----
I 126.2 18.3 18.1 564.7 82.1 80.9 6.8 1.0 1.0 697.7 101.4
II 133.3 19.4 26.4 358.0 52.0 71.0 12.8 1.9 2.5 504.1 73.3
III 145.2 21.1 24.1 435.4 63.4 72.2 22.4 3.3 3.7 603.0 87.7
IVl 129.7 18.9 20.6 480.3 69.9 76.2 20.4 3.0 3.2 630.4 91.8
V 160.9 23.5 25.4 453.0 66.2 71.4 20.8 3.0 3.3 634.7 92.8
VI 142.4 20.9 27.2 354.1 51.9 67.5 28.0 4.1 5.3 524.5 76.9
----- ----- ----- ------ ------- ----- ------ ----- ---- ------ ------- -----
TOTAL 837.7 122.1 23.3 2,645.4 385.5 73.6 111.3 16.2 3.1 3,594.4 523.8
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In general, June was less productive for the KASE than May. It happened due to a decline in the volumes of trades in foreign currency and especially- GB. The only sector, which has expanded, was the sector of corporate securities (CS). The proportion of this sector was the biggest in total turnover of the Exchange - 5.3%, whereas in other months of this year it did not exceed 3.7%.
All equivalent amounts have been calculated based on the method adopted at the KASE: foreign currencies and corporate securities (CS) - at the exchange rate of the main session of KASE, effective on the deal striking time; government securities (GS) - at the exchange rate of the main session of KASE (euronotes, IFO bonds) or at official rate on the deal striking date (GS of the Ministry of Finance and the National Bank).
Again, by the results of the year 2000 total volume of deals made at the KASE equaled $5,077.8m, or KZT725.2bn (27.9% of GDP). Compared to 1999 ($3,535.3m, or KZT442.1bn - 21.9% of GDP), it grew 1.44 times measured in dollars, and 1.64 times measured in tenges. By comparing these figures with those given in the first paragraph of this news, it can be said that so far, the growth rate of the transaction volumes at the KASE in 2001 is exceeding that of the whole year 2000.
In 2000 the highest growth rate of the transaction volumes, 7.1 times, or 613.1%, was typical to the CS sector. The volumes of deals made in GS increased 2.8 times, or 176.8% in 2000 relative to 1999. Comparison of these figures with those of the first six months of 2001 shows a significant decline in the growth rate of the volumes of CS transactions relative to the whole year 2000, and the same growth rate for the volumes of transactions in GS.