Repo at KASE - KZT7,812.1m; liquidity on tenge is rising

/IRBIS, Feb 25, 02/ - On February 25, at Kazakhstan Stock Exchange (KASE) 52 deals were made in the repo sector (including automatic repo sector) amounting to KZT7,812.1m. Results of trades are given in the following table. Repo 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 5.00 6.00 5.00 5.13 3,515.0 20 Open* 7 KZT 6.00 6.00 6.00 6.18 40.0 1 -------- -------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 3,555.0 21 -------- -------- -------- ---- ---- ------- --------- --------- -------- Close 3 KZT 4.00 6.00 5.33 5.47 3,631.6 20 Close 4 KZT 6.00 7.00 6.08 6.27 365.2 8 Close 5 KZT 6.00 6.00 6.00 6.18 60.0 2 Close 7 KZT 5.60 5.60 5.60 5.76 200.2 1 -------- -------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 4,257.1 31 -------- -------- -------- ---- ---- ------- --------- --------- -------- TOTAL: 7,812.1 52 ------------------------------------------------------------------------------- By counter trade method (in automatic repo sector) a volume of 41 deals has amounted to KZT4,861.4m, including 16 (KZT2,155.0m) repo opening deals and 25 (KZT2,706.4m) repo closing deals. Indicator TONIA according to trades' results has been fixed at the level of 5.00% APR and fell by 0.08 relative to previous trade day. Following is a comparison of weighted average rates of open repo with counter trade method and method of direct quotations (for equal borrowing terms, "overnight" repo in this case is equivalent to three days repo). ------------------------------------------------------------ Current trade day Previous trade day Calendar ------------------------ ------------------------ term, Auto direct differ- auto direct differ- days Repo quotation ence repo quotation Ence -------- ---- --------- ------- ---- --------- ------- 1 5.00 5.00 0 - - - ------------------------------------------------------------ Today the money was borrowed by two BST (on Friday - 5), same number as on Friday was offering. Resulting balance of the banks at the floor was in favor of borrowing and totaled KZT1,015.0m against KZT3,277.0m on previous working day. Banks raised to their accounts KZT1,595.0m and lent KZT580.0m. Volume of repo closing exceeded volume of its opening. The National Bank worked toward the market sterilization with pension players as well as with BST. Repo rates decreased on all terms of borrowing and were today at lower limit of announced by the NBK "corridor". All indicators of the shortest money sector show a growth of short-term tenge liquidity of BST and an increase of free money amount in financial market relative to Friday.