In January 2002 volume of CS deals at KASE fell 2.4 times down to $42.5m against December 2001

/IRBIS, Feb 1, 02/ - In January 2002 at the Kazakhstan Stock Exchange (KASE) 101 deals were made in corporate securities in all sectors of the market for a total of $42,539.3 th. (KZT6,440.3m at current rate of the Exchange effective on the day the deals were made on). In comparison with previous month sector's turnover decreased by $58,825.0 th (KZT8,775.4m) or by 2.4 times (2.4 times in tenge). Relative to January 2001 transactions volume rose by $35,742.5 th (KZT5,453.7m) or by 6.3 times (6.5 times in tenge). Sharp decline of transactions volume on CS relative to December 2001 mainly is explained by seasonal factor - active trade with all instrument s of the market before the New Year period. Definite role in market compression belongs to low issue activity of Kazakhstan companies, which didn't lead out in January at the exchange no one new bonds share and also prohibition form January 11 performance of counter repo deals with pension assets participation by any other methods apart from open trades method. Last factor hasn't had yet substantial impacts on aggregate volume of transactions since before opened repos were closed at the exchange. Furthermore influence of this factor will be more noticeable. It's enough to mention that after January 11 in repo transactions sector on CS at KASE there has been made only one deal on repo opening. Structure of CS turnover at KASE in January is presented in the following form: sales and purchases transaction account for 67.0% of total made deals ($28,513.8 th.), repo transactions - 33.0% ($14,025.5 th.). In the sector of state block of shares sale and primary floatation no deals were made. Following are the tables showing the corporate securities market at the Exchange in January 2002. Most tradable securities at the KASE in January 2002 (including repo sector) ---------------------------------------------------------------------------- Volume of Volume of Volume of deals, deals, deals in Number Code Brief title of the issuer th. USD m, KZT securities of deals ------ ----------------------------- --------- --------- ---------- -------- BTAS Bank TuranAlem OJSC 11,661.5 1,769.5 143,307 7 CCBN Bank CenterCredit OJSC 8,569.9 1,298.2 6,614,005 21 KZTKb1 Kazakhtelecom 7,921.2 1,197.5 76,654 22 CSBNb1 BANK CASPIAN OJSC 5,001.2 753.2 50,567 1 KZASb1 DAGOK Kustanaiasbest OJSC 2,854.8 432.7 26,700 1 VTBNb1 VALUT-TRANZIT BANK OJSC 1,495.2 226.8 14,400 5 KZTOb Kaztransoil CJSC 739.6 111.8 7,220 5 VTBNp VALUT-TRANZIT BANK OJSC 639.0 96.9 220,723 8 HSBKb Halyk bank of Kazakhstan OJSC 612.9 92.7 5,900 1 BTASe1 TuranAlem Finance B.V. 551.8 83.7 550,000 2 KZMSp Corporation Kazakhmys OJSC 499.3 75.7 6,463 2 BTASb1 Bank TuranAlem OJSC 379.0 57.4 3,620 2 SMGZb1 SHAKHARMUNAIGAS OJSC 359.5 54.4 3,598 3 ZERD Zerde OJSC 345.2 52.4 21,205,053 3 RGBRb2 RG BRANDS LLP 271.0 40.9 2,680 3 NFBN Neftebank OJSC 250.4 38.0 28,730 1 KZMS Corporation Kazakhmys OJSC 83.6 12.6 1,370 1 KZOLb NOC Kazakhoil OJSC 74.6 11.3 730 2 KZTKp Kazakhtelecom 56.8 8.6 2,994 3 TEBNb Temirbank OJSC 52.3 7.9 500 1 ASFIb1 Astana-Finance OJSC 48.4 7.3 490 1 UTMK UKTMK OJSC 42.9 6.5 1,100 1 KZCR TNC Kazchrome OJSC 21.3 3.2 3,527 2 CCBNb1 Bank CenterCredit OJSC 6.3 1.0 60 2 KZZN Kazcink OJSC 1.9 0.3 633 1 ---------------------------------------------------------------------------- Comments: The securities were sorted in descending order based on the volumes of deals expressed in U.S. dollars. Small letters in the securities codes have the following meanings: "p" - preferred inscribed share; "b" - bond: "e" - eurobond; the rest - common inscribed share. The figure shows the number of the bond issue. If there is no figure (old code) it implies that it is the first issue. Dynamics of the corporate securities market indicators in January 2002 ---------------------------------------------------------------------- Capitaliza- Capitaliza- tion tion Bond value of the of the index, Volume share The bond including of market, Share KASE market, accum deals, Date m, USD index index m, USD interest th. USD --------- ----------- -------- ------- ----------- ---------- -------- Dec 29.01 1,203.5 103.9173 574.968 10.8789 119.0963 19,090.6 Jan 04.02 1,207.2 104.5532 575.193 10.7389 119.6917 5,544.1 Jan 07.02 1,207.1 103.8975 585.129 10.8429 116.9933 2,906.0 Jan 08.02 1,207.1 103.8972 585.239 10.7511 117.3579 50.3 Jan 09.02 1,207.0 103.8960 585.239 10.7888 117.2311 0 Jan 10.02 1,207.0 103.5389 585.255 10.7128 117.5239 497.8 Jan 11.02 1,207.0 103.1821 585.254 10.6616 117.7179 1,921.8 Jan 14.02 1,210.7 103.1812 585.490 10.8024 117.5238 1,023.2 Jan 15.02 1,210.7 102.8125 584.947 10.7380 117.7565 501.5 Jan 16.02 1,210.7 102.8146 584.954 10.6331 118.1244 1,947.7 Jan 17.02 1,182.0 102.1286 584.959 10.6424 118.1222 508.4 Jan 18.02 1,182.0 102.9312 584.959 10.6262 118.3758 303.9 Jan 21.02 1,161.9 103.2666 584.957 10.6024 118.4253 2,113.4 Jan 22.02 1,161.9 104.8848 584.957 10.6369 118.3556 0 Jan 23.02 1,162.0 104.8893 584.957 10.6236 118.4298 0 Jan 24.02 1,156.0 104.8623 584.957 10.5407 118.7197 1,056.1 Jan 25.02 1,161.0 104.8622 584.867 10.5683 118.6697 1,074.1 Jan 28.02 1,161.0 105.3684 584.769 10.5353 118.8322 1,218.3 Jan 29.02 1,173.1 105.0306 585.327 10.5086 118.9499 769.3 Jan 30.02 1,169.2 107.1099 585.328 10.4747 119.0769 298.9 Jan 31,02 1,203.2 107.1910 585.576 10.3546 119.4402 6,778.8 --------- ----------- -------- ------- ----------- ---------- -------- Trend -0.3 +3.2737 +10.608 -0.5243 +0.3439 -0.02% +3.15% +1.84% -4.82% +0.29% ---------------------------------------------------------------------- Comments: The shares index (KASE_Shares) reflects the changes in the bids on the shares from the official list of the Exchange's securities of the category "A", including the market capitalization of their issuers. In late December there were 19 shares of 12 issuers in calculation list of KASE for this index. The capitalization of the bond market - indicator that reflects the volume of corporate debt circulating on the KASE as the bonds of the companies. It is calculated on the basis of the number of issued bonds and the bonds admitted to the trades and their market values. In case of the absence of the last figure, face value is used instead. The capitalization of the share market - indicator that reflects the market capitalization of the companies whose shares were entered into official list of the KASE securities. It is calculated on the basis of the number of issued shares and their last market values. In case of the absence of the deals the face values of the securities, expressed in U.S. dollars (if necessary) at the rate of the Exchange for the current day, are used. Index of bonds yields (KASE_BY) - weighted average (through capitalization) yield of the corporate bonds of category "A" of the KASE official list, which is calculated based on the deals or average bids of the market-makers (if there is no deal). Index of bond yields with accumulated interest (KASE_BP) - weighted average (through capitalization) "dirty" price of the corporate bonds of category "A" of the KASE official list, which is calculated based on the deals or average bids of the market-makers (if there is no deal). In late December there were 21 bonds of 19 issuers in calculation list of KASE for KASE_B* series index. Purchase-sale deals include the deals made in state blocks of shares.