In first 8 months of 2002 volume of transactions at KASE reached equivalent of $13.2bn and grew 2.7 times

/IRBIS, September 03, 02/ - During the first eight months of 2002 total volume of transactions made in all sectors of the Kazakhstan Stock Exchange (KASE) reached an equivalent of $13,189.7m, or KZT2,017.2bn. Compared to similar period of the last year, turnover increased 2.72 times measured in dollars and 2.83 times measured in tenges. Following is the comparative 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 and percents). The calculation was made in terms of dollars. It is important that during tabulation, IRBIS agency had used analytical cut, differ from similar tables, published earlier. Repo sector is highlighted in this cut as a segment of monetary market, not securities market. Earlier repo transactions were accounted in GS and CS sectors dependingly on securites type that were used as a pledge in deals conducting. ------------------------------------------------------------------------ To corresponding period of 2001 ------------------------- Sector January- Trend: of KASE August Jan-Aug ----------------- Market 2002 2001 USD m % ------------------------------------- -------- ------- -------- -------- Foreign 1,560.0 1,124.5 +435.5 +38.7 Currency 11.8% 23.0% ------------------------------------- -------- ------- -------- -------- Futures 406.6 0 +406.6 +100.0 3.1% 0% ------------------------------------- -------- ------- -------- -------- GS (primary market and purchase-sale) 901.4 1,098.2 -196.8 -17.9 6.8% 22.5% ------------------------------------- -------- ------- -------- -------- CS (primary market and purchase-sale) 215.7 102.8 +112.9 +109.8 1.6% 2.1% ------------------------------------- -------- ------- -------- -------- REPO (CS and GS), total 10,105.9 2,557.7 +7,548.2 +295.1 76.6% 52.3% including repo on GS, direct deals 1,286.5 2,269.0 -982.5 -43.3 9.8% 46.4% Including auto repo on GS 8,762.6 194.0 +8,568.6 +4,417.1 66.4% 4.0% including repo on CS, direct deals 56.6 94.8 -38.2 -40.3 0.4% 1.9% Including auto repo on CS 0.195 0 +0.195 +100.0 0.001% 0% ------------------------------------- -------- ------- -------- -------- IFO bonds 0 3.9 -3.9 -100.0 0% 0.079% ------------------------------------- -------- ------- -------- -------- Promissory notes 0.023 0 +0.023 +100.0 0.0002% 0% ------------------------------------- -------- ------- -------- -------- TOTAL 13,189.7 4,887.1 +8,302.5 +169.9 100% 100% ------------------------------------------------------------------------ In August 2002 the volume of deals made at the Exchange totaled $1,702.0m or KZT262.7bn and decreased relative to the previous month by 10.6% in dollars and 10.3% in tenge. For reminding, in July the Exchange turnover was record high in the current year. 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 Indica- ------- -------- ------- ------- ------- -------- --------- sector tor II-2002 III-2002 IV-2002 V-2002 VI-2002 VII-2002 VIII-2002 -------- ------- ------- -------- ------- ------- ------- -------- --------- In millions of dollars -------- ------- ------- -------- ------- ------- ------- -------- --------- Foreign volume 139.5 156.7 202.2 220.0 231.0 232.1 226.6 Currency % 8.8 8.5 14.4 16.2 13.2 12.2 13.3 -------- ------- ------- -------- ------- ------- ------- -------- --------- Futures volume 77.0 81.6 11.3 13.8 104.3 20.8 0.005 % 4.8 4.4 0.8 1.0 6.0 1.1 0.0003 -------- ------- ------- -------- ------- ------- ------- -------- --------- GS volume 89.1 176.1 111.6 84.0 95.2 68.4 119.7 % 5.6 9.5 8.0 6.2 5.4 3.6 7.0 -------- ------- ------- -------- ------- ------- ------- -------- --------- CS volume 26.7 26.6 29.1 45.3 10.0 34.6 15.0 % 1.7 1.4 2.1 3.3 0.6 1.8 0.9 -------- ------- ------- -------- ------- ------- ------- -------- --------- REPO volume 1,260.7 1,403.9 1,045.8 994.0 1,306.9 1,547.8 1,340.8 % 79.1 76.1 74.7 73.2 74.8 81.3 78.8 -------- ------- ------- -------- ------- ------- ------- -------- --------- IFO volume 0 0 0 0 0 0 0 Sec-ties % 0 0 0 0 0 0 0 -------- ------- ------- -------- ------- ------- ------- -------- --------- Promiss. volume 0 0.023 0 0 0 0 0 notes % 0 0.001 0 0 0 0 0 -------- ------- ------- -------- ------- ------- ------- -------- --------- TOTAL 1,592.9 1,845.0 1,400.0 1,357.1 1,747.3 1,903.8 1,702.0 -------- ------- ------- -------- ------- ------- ------- -------- --------- In billions of tenge -------- ------- ------- -------- ------- ------- ------- -------- --------- Foreign volume 21.2 23.9 30.9 33.7 35.4 35.7 35.0 Currency % 8.7 8.5 14.4 16.2 13.2 12.2 13.3 -------- ------- ------- -------- ------- ------- ------- -------- --------- Futures volume 11.8 12.5 1.7 2.1 16.1 3.2 0.001 % 4.9 4.4 0.8 1.0 6.0 1.1 0.0003 -------- ------- ------- -------- ------- ------- ------- -------- --------- GS volume 13.5 26.8 17.0 12.9 14.6 10.5 18.5 % 5.6 9.5 8.0 6.2 5.4 3.6 7.0 -------- ------- ------- -------- ------- ------- ------- -------- --------- CS volume 4.1 4.0 4.4 6.9 1.5 5.3 2.3 % 1.7 1.4 2.1 3.3 0.6 1.8 0.9 -------- ------- ------- -------- ------- ------- ------- -------- --------- REPO volume 191.7 213.7 159.8 152.1 200.1 238.1 206.9 % 79.1 76.1 74.7 73.2 74.8 81.3 78.8 -------- ------- ------- -------- ------- ------- ------- -------- --------- IFO volume 0 0 0 0 0 0 0 Sec-ties % 0 0 0 0 0 0 0 -------- ------- ------- -------- ------- ------- ------- -------- --------- Promiss. volume 0 0.0036 0 0 0 0 0 notes % 0 0.0013 0 0 0 0 0 -------- ------- ------- -------- ------- ------- ------- -------- --------- TOTAL 242.4 280.9 213.9 207.6 267.7 292.9 262.7 ---------------------------------------------------------------------------- Notes: in GS sector only deals of the primary market and purchase and sale in the secondary market are considered; in CS sector only deals of the primary market and purchase and sale in the secondary market are considered; in REPO sector repo transactions with GS and CS are considered, including auto repo; IFO securities - bonds of the International financial organizations. Presented information shows the representativeness of forecast of IRBIS specialists, made concerning the Exchange turnover month ago. Decline of repo rates in the second half of July led to outflow of money from this segment of the market to the sector of GS purchase and sale, which was slightly enlarged. However repo market compression appeared to be significant and negatively influenced dynamics of total volume of the Exchange deals. The seasonal factor worked in the same direction - period of leaves of leading financial market specialists, which caused traditional decline of activity of exchange trade in August. The first days of September demonstrated that Kazakhstan market would not deviate from traditions. Autumn is yet to come and IRBIS specialists are expecting significant activation of exchange transactions. [2002-09-03]