KASE determined leading operators of secondary CS market of the Exchange in Kazakhstan for second quarter of 2002

/IRBIS, July 03, 02/ - Kazakhstan Stock Exchange (KASE) defined list of companies - leading operators of the KASE corporate securities (CS) market in Kazakhstan for the second quarter of 2002. The rating is made according to portion of concluded deals in aggregate gross turnover of trades (total of purchased and sold shares and bonds). The rating included purchase-sale deals (66.4% of the secondary market) and direct and reverse repo operation (14.2%). Initial offerings of the securities, conducted at the Exchange by the brokers, were not taken into account, because the securities are usually sold by a single participant of the auction, which is an underwriter or financial consultant of the issuer. Also, deals made in state block of shares (SBS) trading were not taken into account, since sales mechanism of SBS is mostly resembles initial offerings. The position of each entity was expressed in currency of the payments, i.e. U.S dollars. In total, 17 companies participated in securities trades at KASE (banks, broker-dealer companies, pension assets management companies). Below is the list of 5 the most active operators, which controlled 72.3% of the secondary market, given in descending order. The position of the broker in first quarter of 2002 is given in the parenthesis. ----------------------------------------------------------------------- Share in gross Position Brief title of a company volume of trades, % -------- ---------------------------------------- ------------------- 1 (6) KG Securities LLP (Almaty) 35.3 2 (5) INVESTMENT MANAGEMENT GROUP LLP (Almaty) 23.2 3 (1) TuranAlem Securities LLP (Almaty) 20.8 4 (2) KIB ASSET MANAGEMENT Ltd. (Almaty) 7.5 5 (8) R.G. Securities LLP (Almaty) 5.2 ----------------------------------------------------------------------- The table below is made in similar way for the first half year of 2002. 29 KASE members participated in making deals in CS. In parenthesis there is apposition of a corresponding participant in the second quarter of 2001. Companies that are shown controlled 89.7% of the secondary CS market. --------------------------------------------------------------------------- Share in gross Position Brief title of a company volume of trades, % -------- -------------------------------------------- ------------------- 1 (1) TuranAlem Securities LLP (Almaty) 39.4 2 (24) General Asset management LLP (Almaty) 9.4 3 (6) KIB ASSET MANAGEMENT Ltd. (Almaty) 9.3 4(-) KG Securities LLP (Almaty) 5.91 5 (3) INVESTMENT MANAGEMENT GROUP LLP (Almaty) 5.88 6 (2) PAMC Zhetysu CJSC (Almaty) 5.5 7 (4) Kazkommerts Securities OJSC (Almaty) 5.2 8 (5) R.G. Securities LLP (Almaty) 4.0 9 (17) Fondoviy service CJSC (Almaty) 2.6 10 (11) PAMC ABN AMRO Asset Management CJSC (Almaty) 2.4 --------------------------------------------------------------------------- [2002-07-03]