Repo at KASE - KZT12,904.5m

/IRBIS, Mar 01, 02/ - On March 01, at Kazakhstan Stock Exchange (KASE) 81 deals were made in the repo sector (including automatic repo sector) amounting to KZT12,904.5m. Results of trades are given in the following table. Repo opening transactions, which are made only through counter- trade method (at automatic repo floor, there were no such transactions today), are marked with asterisk. ------------------------------------------------------------------------ Repo rate, % APR ------------------------------ Type of Calendar weighted average Volume repo terms, ------------------ of deals, Number deals days Min max nominal effective KZT m of deals --------- -------- ---- ---- ------- --------- --------- -------- Open 3 3.00 5.00 4.68 4.79 5,970.5 29 Open 5 5.50 5.50 5.50 5.65 100.0 1 --------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 6,070.5 30 --------- -------- ---- ---- ------- --------- --------- -------- Close 1 4.00 7.50 4.68 4.79 6,444.0 28 Close 2 5.00 5.00 5.00 5.13 150.0 2 Close 7 6.00 6.50 6.25 6.45 20.0 2 Close 10 6.35 6.35 6.35 6.55 99.7 2 Close 14 6.30 6.30 6.30 6.49 120.3 2 --------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 6,834.0 36 --------- -------- ---- ---- ------- --------- --------- -------- TOTAL: 12,904.5 66 ------------------------------------------------------------------------ By counter trade method (in automatic repo sector) a volume of 52 deals has amounted to KZT7,715.9m, including 24 (KZT3,710.0m) repo opening deals and 28 (KZT4,005.8m) repo closing deals. Indicator TONIA according to trades' results has been fixed at the level of 4.74% APR and rose by 0.04 relative to previous trade day. Positions of major categories of participants in the market looked in the following way (based on net positions of opening transactions relative to previous day). Pension market subjects decreased a position in counter repo from KZT4,050.0 to KZT3,090.0m (by 24%). At that 8 participants were lending money, yesterday - 9. Second tier banks (STB) worked for borrowing (5 banks; KZT3,343.0m) as well as for lending (5 banks; KZT2,727.5m). Their resulting position was negative (lending) in a direct repo sector (-KZT1,664.5m) and positive (borrowing) - in automatic repo sector (+KZT2,280.0m). Resulting position of STB in the exchange market of repo is estimated by IRBIS at +KZT615.5m and relative to previous working day has fallen by KZT1,953.2m or 76.0% (banks in general have borrowed based on net less amount of money than yesterday). The National Bank position in automatic repo sector was positive (it was attracting money, sterilizing the market) and increased relative to previous trade day by 114%. It should be added that at floating of its own notes the National Bank was able to raise KZT1,339.8m. In general, parameters of the exchange repo market show a presence of huge amount of free money outside the National Bank and it had to more actively than yesterday sterilize the market. It's worth to mention that one of bank traders continues playing at price difference of the shortest money that significantly raises a volume of repo sector of KASE. Based on day results gross position of this bank achieved KZT3,890.5m at net one only 95.4m.