Repo at KASE - KZT7,590.6m

/IRBIS, Mar 05, 02/ - On March 05, at Kazakhstan Stock Exchange (KASE) 52 deals were made in the repo sector (including automatic repo sector) amounting to KZT7,590.6m. Results of trades are given in the following table. Repo opening transactions, which are made only through counter- trade method, 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 1 3.00 4.50 4.36 4.46 3,165.4 23 Open* 7 5.60 5.60 5.60 5.76 500.0 1 --------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 3,665.4 24 --------- -------- ---- ---- ------- --------- --------- -------- Close 1 4.99 5.00 5.00 5.13 3,063.9 19 Close 5 4.38 4.38 4.38 4.48 110.1 1 Close 7 6.00 6.00 6.00 6.18 105.1 2 Close 11 5.27 5.27 5.27 5.41 25.0 1 Close 21 5.39 5.39 5.39 5.53 100.3 1 Close 28 6.75 6.75 6.75 6.96 341.8 1 Close 40 5.18 5.18 5.18 5.30 90.5 1 Close 83 7.13 7.13 7.13 7.32 88.4 2 --------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 3,925.2 28 --------- -------- ---- ---- ------- --------- --------- -------- TOTAL: 7,590.6 52 ------------------------------------------------------------------------ By counter trade method (in automatic repo sector) a volume of 40 deals has amounted to KZT5,365.5m, including 20 (KZT2,265.0m) repo opening deals and 20 (KZT3,100.5m) repo closing deals. Indicator TONIA according to trades' results has been fixed at the level of 4.33% APR and fell by 0.67 relative to previous trade day. Dynamics of repo rates relative to previous working day (on opening transactions) is characterized with following parameters: ------------------------------------------- Calendar Current Previous term, days Rate, % APR Rate, % APR Trend ---------- ----------- ----------- ----- 1 4.36 5.00 -0.64 4 5.60 5.00 +0.60 ------------------------------------------- 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 by 59%: from KZT4,825.0 on Monday to KZT1,995.0m today. At that 7 participants were lending money, on Monday - 10. Second tier banks (STB) worked for borrowing (3 banks; KZT1,900.0m) as well as for lending (3 banks; KZT1,500.4m). Their resulting position was negative (lending) in a direct repo sector (-KZT1,400.4) and positive (borrowing) - in automatic repo sector (+KZT1,800.0m). Resulting position of STB in the exchange market of repo is estimated by IRBIS at +KZT399.6m and relative to previous working day has fallen by KZT2,105.4m or 84.0% (banks in general have borrowed based on net less amount of money than on Monday). The National Bank position in automatic repo sector was positive (it was attracting money, sterilizing the market) and decreased relative to previous trade day by 87%. The National Bank has only sterilized accounts, at that its counteragents were pension market subjects. Results of repo market analysis show that in general, banks need tenge a little. Rates of the shortest money are falling.