Repo at KASE - KZT9,172.4m

/IRBIS, Jan 24, 02/ - On January 24 at Kazakhstan Stock Exchange (KASE) 63 deals were made in the repo sector (including automatic repo sector) amounting to KZT9,172.4m. Results of trades are given in the following table. Repo opening transactions, which are made only through counter- trade method (at automatic repo floor), are marked with asterisk. -------------------------------------------------------------------------- Repo rate, % APR --------------------------- Type of Calendar Currency Weighted average Volume repo terms, of repo ----------------- of deals, Number deals days deals min max nominal effective KZT m of deals --------- -------- -------- ---- ---- ------- --------- --------- -------- Open 1 KZT 3.49 6.50 4.23 4.32 3,576.6 18 Open* 4 KZT 5.00 6.00 5.39 5.54 1,240.0 17 Open* 7 KZT 5.50 6.00 5.60 5.76 250.0 3 Open* 14 KZT 7.00 7.00 7.00 7.24 45.0 1 Open 28 KZT 7.00 7.00 7.00 7.23 1,892.1 1 --------- -------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 7,003.7 40 --------- -------- -------- ---- ---- ------- --------- --------- -------- Close 1 KZT 3.00 5.50 4.67 4.78 953.3 9 Close 2 KZT 5.00 5.00 5.00 5.13 200.1 1 Close 3 KZT 4.20 6.00 4.35 4.45 511.7 4 Close 7 KZT 5.75 6.50 6.16 6.35 300.4 5 Close 28 KZT 9.00 9.00 9.00 9.38 24.5 1 Close 30 KZT 8.00 8.51 8.08 8.39 178.7 3 --------- -------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 2,168.7 23 --------- -------- -------- ---- ---- ------- --------- --------- -------- TOTAL: 9,172.4 63 -------------------------------------------------------------------------- In the automatic repo sector the volume of 45 deals has amounted to KZT6,320.6, including 30 (KZT4,675.0m) repo opening deals and 15 (KZT1,645.6m) repo closing deals. Indicator TONIA according to trades results has been fixed at the level of 4.20% APR and increased by 0.43 relative to previous trade day. Results of the trades in the sector show that short-term liquidity of the banks increased noticeably, in spite of big volume of repo opening. Relative to Wednesday number of second tier banks (STB) borrowing money in repo sector of KASE grew from 4 to 7. Five banks were offering the funds (yesterday there were only two). Total volume of STB money attractions today based on opening transactions net-positions is estimated by IRBIS at KZT2,501.7m whereas volume of floatation reached KZT3,328.6m. Resulting balance of STB at the floor - KZT827.0m in favor of lending for the first time in January. On Wednesday the balance of KZT1,565.0m was in favor of borrowing. The rates for most of the terms have fallen. The National Bank actively cleaned up the market by working both with the banks and pension market players. Apparently, the bank, using continuing fall of the rates, were actively restructuring their shortest debt. It can be assumed also that some traders were able to raise money to buy dollars on Friday before the week-end. However, the situation on the currency market does not look like going to reverse for sure.