In first quarter of 200s volume of transactions at KASE reached $6,451.5m, and grew 2.6 times against similar period of 2001

/IRBIS, May 6, 02/ - During the first four months of 2002 total volume of transactions made in all sectors of the Kazakhstan Stock Exchange (KASE) reached an equivalent of $6,451.5m, or KZT982.0bn. Compared to similar period of last year, turnover increased 2.65 times measured in dollars and 2.77 times measured in tenges. Compared to previous, four-month period of 2001 (September-December), volume of transactions made at the Exchange increased by 20.4% in dollars, and 22.8% in tenge. Following is the table of volumes of deals made at KASE during those periods, as well as dynamics of the turnover structure of the Exchange (in millions USD unless otherwise indicated). The calculation was made in terms of dollars. --------------------------------------------------------------------- To similar period of 2001 To previous period ------------------------- ----------------------- Sector January- trend trend of KASE April Jan-April --------------- Sep-Dec --------------- Market 2002 2001 m USD % 2001 m USD % ---------- -------- --------- -------- ------ ------- -------- ------ Foreign 650.2 534.4 +115.8 +21.7 837.4 -187.2 -22.4 Currency 10.1% 21.9% 15.6% ---------- -------- --------- -------- ------ ------- -------- ------ Futures 239.7 0 +239.7 +100.0 520.9 -281.2 -54.0 3.7% 0% 9.7% ---------- -------- --------- -------- ------ ------- -------- ------ GS 5,412.7 1 834.6 +3 578.1 +195.0 3,689.0 +1 723.7 +46.7 83.9% 75.3% 68.9% ---------- -------- --------- -------- ------ ------- -------- ------ CS 148.9 62.5 +86.4 +138.2 308.2 -159.3 -51.7 2.3% 2.6% 5.8% ---------- -------- --------- -------- ------ ------- -------- ------ Supranat-l 0 3.8 -3.8 -100.0 2.0 -2.0 0 bonds 0% 0.2% 0.04% ---------- -------- --------- -------- ------ ------- -------- ------ Promissory 0.023 0 +0.023 +100.0 0 +0.023 +100.0 notes 0% 0% 0% ---------- -------- --------- -------- ------ ------- -------- ------ TOTAL 6,451.5 2 435.3 +4 016.3 +164.9 5,357.6 +1 093.9 +20.4 100% 100% 100% --------------------------------------------------------------------- In April 2002 the volume of deals made at the Exchange decreased by 24.1% against March in terms of dollars and by 23.9% - in tenges. Following is the table with the dynamics of the turnover of the Exchange in last 7 months, which is grouped by months and market sectors (both in KZT and USD). --------------------------------------------------------------------------- 2001 2002 ----------------------- ------------------------------- Year Indicator Month X XI XII I II III IV --------- --------- ------- ------- ------- ------- ------- ------- ------- Est. m USD --------- --------- ------- ------- ------- ------- ------- ------- ------- Foreign Volume 227.7 204.1 249.5 151.8 139.5 156.7 202.2 currency % 21.0 13.8 12.3 9.2 8.9 8.5 14.4 --------- --------- ------- ------- ------- ------- ------- ------- ------- Futures volume 0 0 520.9 97.8 49.0 81.6 11.3 % 0 0 25.7 6.0 3.1 4.4 0.8 --------- --------- ------- ------- ------- ------- ------- ------- ------- GS volume 799.2 1,173.1 1,156.1 1,349.5 1,340.8 1,576.4 1,146.1 % 73.8 79.1 57.0 82.2 85.7 85.4 81.9 --------- --------- ------- ------- ------- ------- ------- ------- ------- CS volume 55.7 105.5 101.4 42.5 35.7 30.3 40.3 % 5.1 7.1 5.0 2.6 2.3 1.6 2.9 --------- --------- ------- ------- ------- ------- ------- ------- ------- Supra- volume 0.27 0 0 0 0 0 0 nationals % 0.02 0 0 0 0 0 0 --------- --------- ------- ------- ------- ------- ------- ------- ------- Promiss. volume 0 0 0 0 0 0.023 0 notes % 0 0 0 0 0 0.001 0 --------- --------- ------- ------- ------- ------- ------- ------- ------- TOTAL 1,082.9 1,482.6 2,027.9 1,641.5 1,565.0 1,845.0 1,400.0 --------- --------- ------- ------- ------- ------- ------- ------- ------- Est. Bn KZT --------- --------- ------- ------- ------- ------- ------- ------- ------- Foreign volume 33.7 30.3 37.5 23.0 21.2 23.9 30.9 currency % 21.0 13.8 12.3 9.2 8.9 8.5 14.4 --------- --------- ------- ------- ------- ------- ------- ------- ------- Futures volume 0 0 79.7 15.0 7.5 12.5 1.7 % 0 0 26.0 6.0 3.2 4.4 0.8 --------- --------- ------- ------- ------- ------- ------- ------- ------- GS volume 118.3 174.3 173.7 204.6 203.9 240.0 175.1 % 73.8 79.1 56.7 82.2 85.7 85.4 81.9 --------- --------- ------- ------- ------- ------- ------- ------- ------- CS volume 8.2 15.7 15.2 6.4 5.4 4.6 6.2 % 5.1 7.1 5.0 2.6 2.3 1.6 2.9 --------- --------- ------- ------- ------- ------- ------- ------- ------- Supra- volume 0.04 0 0 0 0 0 0 nationals % 0.02 0 0 0 0 0 0 --------- --------- ------- ------- ------- ------- ------- ------- ------- Promiss. volume 0 0 0 0 0 0.004 0 notes % 0 0 0 0 0 0.001 0 --------- --------- ------- ------- ------- ------- ------- ------- ------- TOTAL 160.3 220.3 306.1 249.1 238.1 280.9 213.9 --------------------------------------------------------------------------- Supranationals - bonds issued by International financial organizations. Main feature of April is a pressure relative to March of the exchange market of GS, which is in general is not typical for KAS since the market for these securities during last year has been growing uninterruptedly. According to IRBIS analysts, a decline of transactions volume on government securities mainly is connected with two factors action. The first and the main is "overheating" of Kazakhstan's bonds market in the result of which yield of securities for a buyer at primary and secondary markets has been below psychologically acceptable level. Another factor is relatively low short-term liquidity of second tier banks in the middle of April. Only by the end of the month situation in repo sector has been normalized, the rates went down to typical level and the market started restoring. Results of GS market analysis allow say that in the end of April and the beginning of May the situation changed to the better. Sellers and buyers achieved compromise, yield went up and GS market became more liquid. It lets assume that in May volume of exchange deals on GS will return to the former level and probably will exceed volume of transaction in March. Such an optimistic estimation is based on the results of the analysis of corporate bonds market where in April there were noticed positive events. The market for these securities came out of the stagnation caused by low rates and that led to increase of CS turnover at KASE in April relative to March by 33.1%. [2002-05-06]