Within first five months of 200s volume of transactions at KASE reached $7,808.6m, and grew 2.5 times against similar period of 2001

/IRBIS, June 5, 02/ - During the first five months of 2002 total volume of transactions made in all sectors of the Kazakhstan Stock Exchange (KASE) reached an equivalent of $7,808.6m, or KZT1,189.6bn. Compared to similar period of last year, turnover increased 2.54 times measured in dollars and 2.66 times measured in tenges. Compared to previous, five-month period of 2001 (August-December), volume of transactions made at the Exchange increased by 29.8% in dollars, and 32.7% in tenge. It is notable that within the current year volume of stock exchange's transactions exceeded 1 trillion tenge on May 6 whereas the similar indicator of 2001 was reached only by November 5. Following is the table of volumes of deals made at KASE during mentioned periods, as well as dynamics of the turnover structure of the Exchange (in millions USD and in percentage). The calculation was made in terms of dollars. --------------------------------------------- - ----------------------- To similar period of 2001 To previous period ------------------------- ----------------------- Sector January- trend trend of KASE May Jan-May ---------------- Aug-Dec --------------- Market 2002 2001 m USD % 2001 m USD % ---------- -------- -------- --------- ------ - ------- -------- ------ Foreign 870.2 695.3 +174.9 +25.2 959.1 -88.9 -9.3 Currency 11.1% 22.6% 15.9% ---------- -------- -------- --------- ------ - ------- -------- ------ Futures 253.5 0 +253.5 +100.0 520.9 -267.4 -51.3 3.2% 0% 8.7% ---------- -------- -------- --------- ------ - ------- -------- ------ GS 6,489.0 2,287.6 +4,201.5 +183.7 4,187.3 +2,301.7 +55.0 83.1% 74.5% 69.6% ---------- -------- -------- --------- ------ - ------- -------- ------ CS 195.8 83.3 +112.6 +135.2 346.1 -150.2 -43.4 2.5% 2.7% 5.8% ---------- -------- -------- --------- ------ - ------- -------- ------ Supranat-l 0 3.8 -3.8 -100.0 2.1 -2.1 0 bonds 0% 0.1% 0.03% ---------- -------- -------- --------- ------ - ------- -------- ------ Promissory 0.023 0 +0.023 +100.0 0 +0.023 +100.0 notes 0% 0% 0% ---------- -------- -------- --------- ------ - ------- -------- ------ TOTAL 7,808.6 3,069.9 +4,738.7 +154.4 6,015.6 +1,793.1 +29.8 100% 100% , 100% --------------------------------------------- - ----------------------- In May 2002 the volume of deals made at the Exchange decreased by 3.1% against April in terms of dollars and by 2.9% - in tenges. Tendency of the turnover decrease was also typical for April against March. However the speed of decrease in may fell 8 times less. 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). ----------------------------------------------------------------------------- Sector of Indicator Market XI-2001 XII-2001 I-2002 II-2002 III-2002 IV-2002 V-2002 --------- --------- ------- -------- ------- ------- -------- ------- ------- Estimation in USD m ----------------------------------------------------------------------------- Foreign Volume 204.1 249.5 151.8 139.5 156.7 202.2 220.0 currency % 13.8 12.3 9.2 8.9 8.5 14.4 16.2 --------- --------- ------- -------- ------- ------- -------- ------- ------- Futures volume 0.0 520.9 97.8 49.0 81.6 11.3 13.8 % 0.0 25.7 6.0 3.1 4.4 0.8 1.0 --------- --------- ------- -------- ------- ------- -------- ------- ------- GS volume 1,173.1 1,156.1 1,349.5 1,340.8 1,576.4 1,146.1 1,076.3 % 79.1 57.0 82.2 85.7 85.4 81.9 79.3 --------- --------- ------- -------- ------- ------- -------- ------- ------- CS volume 105.5 101.4 42.5 35.7 30.3 40.3 47.0 % 7.1 5.0 2.6 2.3 1.6 2.9 3.5 --------- --------- ------- -------- ------- ------- -------- ------- ------- Supra- volume 0 0 0 0 0 0 0 nationals % 0 0 0 0 0 0 0 --------- --------- ------- -------- ------- ------- -------- ------- ------- Promiss. volume 0 0 0 0 0.023 0 0 notes % 0 0 0 0 0.001 0 0 --------- --------- ------- -------- ------- ------- -------- ------- ------- TOTAL 1,482.6 2,027.9 1,641.5 1,565.0 1,845.0 1,400.0 1,357.1 --------- --------- ------- -------- ------- ------- -------- ------- ------- Estimation in KZTbn --------- --------- ------- -------- ------- ------- -------- ------- ------- Foreign volume 30.3 37.5 23.0 21.2 23.9 30.9 33.7 currency % 13.8 12.3 9.2 8.9 8.5 14.4 16.2 --------- --------- ------- -------- ------- ------- -------- ------- ------- Futures volume 0 79.7 15.0 7.5 12.5 1.7 2.1 % 0 26.0 6.0 3.2 4.4 0.8 1.0 --------- --------- ------- -------- ------- ------- -------- ------- ------- GS volume 174.3 173.7 204.6 203.9 240.0 175.1 164.7 % 79.1 56.7 82.2 85.7 85.4 81.9 79.3 --------- --------- ------- -------- ------- ------- -------- ------- ------- CS volume 15.7 15.2 6.4 5.4 4.6 6.2 7.2 % 7.1 5.0 2.6 2.3 1.6 2.9 3.5 --------- --------- ------- -------- ------- ------- -------- ------- ------- Supra- volume 0 0 0 0 0 0 0 nationals % 0 0 0 0 0 0 0 --------- --------- ------- -------- ------- ------- -------- ------- ------- Promiss. volume 0 0 0 0 0.004 0 0 notes % 0 0 0 0 0.001 0 0 --------- --------- ------- -------- ------- ------- -------- ------- ------- TOTAL 220.3 306.1 249.1 238.1 280.9 213.9 207.6 ----------------------------------------------------------------------------- Supranationals - bonds issued by International financial organizations. Despite IRBIS analysts expectations stock exchange's market of government securities (GS) in May was still shrinking. It was the only KASE sector in which transactions turnover decreased relative to the previous month. The results of analysis are evidence that the main reason of GS market shrinking is still the low yield of mid-term bonds including - euronotes of sovereign Kazakhstan debt. Precisely by theses instruments decrease of the trades volume was observed. At the same time the shortest MEKKAM and notes of the National Bank had large bid in the secondary market - their turnover increased at KASE two times as much in comparison with April. It also should be noted that significant part of investors' money was shifted in May from stock exchange's market to over the counter one where companies and banks conducted primary floatation of their securities. This negatively reflected GS liquidity. Another factor that influenced stock exchange's turnover in May was the less active trading at repo floors. Volume of transactions here has been falling for the third month. This tendency still can not be explained because of absence of on-line information on the dynamics of money aggregates in May and also data on crediting volumes and changes of the recourse base condition of banks. However, as a whole, it is evident that Kazakhstan "boom repo" which has provided record increase of stock exchange's turnover in 2001 tends to falling. [2002-05-06]