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]