EN
9 July 2025, 14:29
Go to old.kase.kz
English
Information/
Market and Company News
15.09.2017 18:18 #Indices and indicators

KASE DETERMINES KASE_BM* AND KASE_BA* SERIES INDEXES' UNIVERSES

/KASE, September 15, 2017/ – The Committee on Indices and Securities Valuation of Kazakhstan Stock Exchange (KASE, or the Exchange) on September 4, 2017 in compliance with KASE internal document "Methodology of Stock Market Indices Calculation" (the Methodology) determines index universes for calculation of the following stock market indicators:

1)indicators of the main market (series KASE_BM*) – index of clean prices KASE_BMC and yield indicator KASE_BMY;

2)indicators of the alternative market (series KASE_BA*) – index of clean prices KASE_BAC and yield indicator KASE_BAY.

The Methodology was approved by a decision of KASE Management Board dated July 25, 2017 and is effective as of October 2, 2017.

Indicators of series KASE_BM* and KASE_BА* are calculated from September 4, 2017. At the same time initial values of indexes KASE_BMC and KASE_BАC are taken as 100 as of September 1, 2017.

For formation of universes of KASE_BM* and KASE_BА* series indicators the following selection criteria were determined in the Methodology:

1) bonds must be denominated in tenge and must not be indexed upon change of the tenge's exchange rate against a foreign currency;

2) bonds must be traded in "clean" price, and the bonds' yield must be calculated automatically in the Exchange's information systems;

3) there must be a market-maker for the bonds;

4) the Exchange must have details of the number of outstanding bonds;

5) the bonds issuer must not have unsettled debts on payout of coupon interest and/or principal on bonds he issued.

Based on said criteria, the Indexes unit of the Department of Information and Statistics, the following universes of indicators were generated as of September 1, 2017

KASE_BMC Index and KASE_BMY indicator (main market)

----------------------------------------------------------------------------------------------------
Item                                                                              Security's weight
No.  Ticker               Issuer                      Coupon rate type         before restriction, %
---- ------- -------------------------------- -------------------------------- ---------------------
 1   CSBNb18            Kaspi Bank                         fixed                                 6.1
 2   CSBNb15                                               fixed                                 5.0
 3   CSBNb16                                               fixed                                 4.8
 4   CSBNb13                                               fixed                                 1.0
 5   CSBNb10                                    floating (margin+inflation)                      1.0
 6   CSBNb8                                          inflation indexed                           0.6
 7   CSBNb9                                          inflation indexed                           0.6
 8   CSBNb12                                              floating                               0.5
                                                     (margin+inflation)                             
 9   CSBNb7                                               indexed                                0.4
 10  CSBNb14                                               fixed                                 0.2
 11  KKGBb11         Kazkommertsbank                       fixed                                 9.7
 12  KKGBb10                                               fixed                                 6.2
 13  KKGBb6                                          inflation indexed                           1.0
 14  KKGBb7                                          inflation indexed                           1.0
 15  KKGBb8                                          inflation indexed                           0.4
 16  SKKZb22      Sovereign Wealth Fund                    fixed                                 7.7
                      Samuryk-Kazyna                                                                
 17  SKKZb23                                               fixed                                 7.7
 18  HSBKb18 Halyk Savings Bank of Kazakhstan              fixed                                10.3
 19  SBERb9          Subsidiary Bank                  floating (fixed,                           3.1
                   Sberbank of Russia               then upon inflation)                            
 20  TXBNb6                                                fixed                                 2.0
 21  TXBNb7                                                fixed                                 1.1
 22  TXBNb5                                          inflation indexed                           0.5
 23  SBERb8                                                fixed                                <0.1
 24  KAFIb5           KazAgroFinance                       fixed                                 1.8
 25  KAFIb3                                                fixed                                 1.7
 26  KAFIb6                                                fixed                                 0.8
 27  KAFIb4                                                fixed                                 0.4
 28  EUBNb8           Eurasian Bank                   floating (fixed,                           1.5
                                                    then upon inflation)                            
 29  EUBNb11                                               fixed                                 1.0
 30  EUBNb5                                          inflation indexed                           0.8
 31  EUBNb7                                          inflation indexed                           0.1
 32  KZIKb21      Mortgage Organization       floating (refinancing rate + 1%)                   1.0
               Kazakhstan Mortgage Company                                                          
 34  KZIKb25                                               fixed                                 1.0
 34  KZIKb24                                               fixed                                 0.8
 35  KZIKb23                                               fixed                                 0.7
 36  PRKRb5       National Company Food                                                             
                   Contract Corporation                    fixed                                 3.4
 37  BRKZb9  Development Bank of Kazakhstan                fixed                                 2.1
 38  BVTBb2      Subsidiary organization                   fixed                                 2.1
                  Bank VTB (Kazakhstan)                                                             
 39  HCBNb3        Subsidiary Bank Home                    fixed                                 1.0
                 Credit and Finance Bank                                                            
 40  HCBNb2                                                fixed                                 0.7
 41  CTECb1     Central-Asian power-energy                 fixed                                 1.6
                         company                                                                    
 42  LARIb2                                                fixed                                 0.9
 43  LARIb3          AsiaCredit Bank                       fixed                                 0.6
 44  KTGAb1         KazTransGas Aimak                      fixed                                 1.3
 45  AZHKb1       Alatau Zharyk Company                    fixed                                 1.0
 46  CCBNb19        Bank CenterCredit                      fixed                                 0.6
 47  CCBNb20                                         inflation indexed                           0.4
 48  CAEPb1       Central Asian Electric                   fixed                                 0.6
                    Energy Corporation                                                              
 49  MREKb8       Mangistau Distribution                   fixed                                 0.2
                        Power Grid                                                                  
 50  MREKb7                                                fixed                                 0.2
 51  MREKb10                                               fixed                                 0.2
 52  ALBNb3     Subsidiary Bank Alfa-Bank                  fixed                                 0.3
 53  CACMb2        Central Asia Cement                     fixed                                 0.2
 54  RGBRb7             RG Brands                          fixed                                0.01
----------------------------------------------------------------------------------------------------

KASE_BAC Index and KASE_BAY indicator (alternative market)

--------------------------------------------------------------------------------------
Item No.                                                            Security's weight
         Ticker             Issuer             Coupon rate type  before restriction, %
-------- ------ ------------------------------ ----------------- ---------------------
   1     BTTRb1         Batys tranzit          inflation indexed                  78.0
   2     FFINb1        Freedom Finance               fixed                        12.4
   3     ORDKb2 Credit partnership Orda Credit       fixed                         5.5
   4     ASYLb1          ASYL-INVEST                 fixed                         4.0
--------------------------------------------------------------------------------------

Values of new KASE indicators will be released as of October 2, 2017, also on KASE website' pages created for these purposes. Indicators' universes will be released there, too.

Earlier, there was a related KASE news item dated September 8, 2017 "AS OF OCTOBER 2 KASE DISCONTINUES CALCULATION OF KASE_B* SERIES INDICATORS DUE TO SWITCHING TO RELEASE OF NEW BOND MARKET INDICATORS" on KASE website – see more

[2017-09-18]