In first half year of 2002 volume of transactions at KASE reached $9,555.9m, a 2.7 time increase against similar period of 2001

/IRBIS, July 02, 01/ - During the first half year of 2002 total volume of transactions made in all sectors of the Kazakhstan Stock Exchange (KASE) reached an equivalent of $9,555.9m, or KZT1,457.3bn. Compared to similar period of last year, turnover increased 2.66 times measured in dollars and 2.78 times measured in tenges. Compared to previous, second half year of 2001, volume of transactions made at the Exchange increased by 43.7% in dollars, and 47.3% 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 I half year of 2001 To previous period --------------------------- --------------------------- Sector I half trend trend of KASE Year I half year --------------- II half --------------- market 2002 2001 m USD % Year 2001 M USD % ---------- ------- ----------- -------- ------ ----------- -------- ------ Foreign 1,101.3 837.7 +263.5 +31.5 1,124.2 -22.9 -2.0 currency 11.5% 23.3% 16.9% ---------- ------- ----------- -------- ------ ----------- -------- ------ Futures 357.8 0 +357.8 +100.0 520.9 -163.1 -31.3 3.7% 0% 7.8% ---------- ------- ----------- -------- ------ ----------- -------- ------ GS 7,890.0 2,641.6 +5,248.4 +198.7 4,608.6 +3,281.4 +71.2 82.6% 73.5% , , 69.3% ---------- ------- ----------- -------- ------ ----------- -------- ------ CS 206.9 111.3 +95.6 +85.9 394.5 -187.6 -47.6 2.2% 3.1% 5.9% ---------- ------- ----------- -------- ------ ----------- -------- ------ 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 9,555.9 3,594.4 +5,961.5 +165.9 6,650.3 +2,905.6 +43.7 100% 100% 100% -------------------------------------------------------------------------- In June 2002 the volume of deals made at the Exchange increased by 28.8% in dollars and 28.9% in tenge against May. 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). ---------------------------------------------------- - ----------------------- Market Indicato -------- ------- ------- -------- ------- ------- ------- sector r XII-2001 I-2002 II-2002 III-2002 IV-2002 V-2002 VI-2002 --------- -------- -------- ------- ------- -------- - ------- ------- ------- Est. m USD --------- -------- -------- ------- ------- -------- - ------- ------- ------- Foreign volume 249.5 151.8 139.5 156.7 202.2 220.0 231.0 currency % 12.3 9.2 8.9 8.5 14.4 16.2 13.2 --------- -------- -------- ------- ------- -------- - ------- ------- ------- Futures volume 520.9 97.8 49.0 81.6 11.3 13.8 104.3 % 25.7 6.0 3.1 4.4 0.8 1.0 6.0 --------- -------- -------- ------- ------- -------- - ------- ------- ------- GS volume 1,156.1 1,349.5 1,340.8 1,576.4 1,146.1 1,076.3 1,400.9 % 57.0 82.2 85.7 85.4 81.9 79.3 80.2 --------- -------- -------- ------- ------- -------- - ------- ------- ------- CS volume 101.4 42.5 35.7 30.3 40.3 47.0 11.0 % 5.0 2.6 2.3 1.6 2.9 3.5 0.6 --------- -------- -------- ------- ------- -------- - ------- ------- ------- Supra- volume 0 0 0 0 0 0 0 nationals % 0 0 0 0 0 0 0 --------- -------- -------- ------- ------- -------- - ------- ------- ------- Promiss. volume 0 0 0 0.023 0 0 0 notes % 0 0 0 0.001 0 0 0 --------- -------- -------- ------- ------- -------- - ------- ------- ------- TOTAL 2,027.9 1,641.5 1,565.0 1,845.0 1,400.0 1,357.1 1,747.3 --------- -------- -------- ------- ------- -------- - ------- ------- ------- Est. m KZT --------- -------- -------- ------- ------- -------- - ------- ------- ------- Foreign volume 37.5 23.0 21.2 23.9 30.9 33.7 35.4 currency % 12.3 9.2 8.9 8.5 , 14.4 16.2 13.2 --------- -------- -------- ------- ------- -------- - ------- ------- ------- Futures volume 79.7 15.0 7.5 12.5 1.7 2.1 16.1 % 26.0 6.0 3.2 4.4 , 0.8 1.0 6.0 --------- -------- -------- ------- ------- -------- - ------- ------- ------- GS volume 173.7 204.6 203.9 240.0 175.1 164.7 214.5 % 56.7 82.2 85.7 85.4 , 81.9 79.3 80.1 --------- -------- -------- ------- ------- -------- - ------- ------- ------- CS volume 15.2 6.4 5.4 4.6 6.2 7.2 1.7 % 5.0 2.6 2.3 1.6 , 2.9 3.5 0.6 --------- -------- -------- ------- ------- -------- - ------- ------- ------- Supra- volume 0 0 0 0 0 0 0 nationals % 0 0 0 0 , 0 0 0 --------- -------- -------- ------- ------- -------- - ------- ------- ------- Promiss. volume 0 0 0 0.004 0 0 0 notes % 0 0 0 0.001 , 0 0 0 --------- -------- -------- ------- ------- -------- - ------- ------- ------- TOTAL 306.1 249.1 238.1 280.9 , 213.9 207.6 267.7 ---------------------------------------------------- - ----------------------- Supranationals - bonds issued by International financial organizations. As it can be seen in presents information, exchange market recovered after temporary decrease of turnover in April-May, due to decrease of transactions volume in GS. The last was caused by high liquidity of the banking sector, which leaded to funds outflow from repo sector at KASE and caused the growth of crediting volume. Low yield of GS seized development of purchases-sales sector of state bonds, whose volume began to recover in June too. On June the currency exchange market grew significantly. It is enough to note that volume of currency operations at KASE this month is record high in the current year. Such a distribution of volume on months is not typical for Kazakhstan, as the maximum activity of the market can be observed during New Year period. At present high prices on oil leaded to high offer volume of dollars at KASE at the beginning of the summer. National Bank began to purchase dollars from STB clients and was able to raise net gold and foreign exchange reserves of the country. Floatation of euronotes by two largest banks played A big role in expanding of the market trade in currency. It is important that there was a negative tendency in June - sharp reduction of turnover of CS. During the last 12 months this segment was not found to be so thin yet. In IRBIS analysts' opinion, it is related with low yield of corporate bonds, offering not within stock exchange and high liquidity of subjects of financial market in tenge. The last, on the one hand, let issuers avoid expensive money borrowing, but from the other - excluded need in redistribution of money between affiliated companies, which often conducted using resale of stocks and bonds at the open market. [2002-07-02]