In first 9 months of 2002 volume of transactions at KASE reached equivalent of $15.5bn and grew 2.75 times

/IRBIS, October 1, 02/ - During the first nine months of 2002 total volume of transactions made in all sectors of the Kazakhstan Stock Exchange (KASE) reached an equivalent of $15,541.6m, or KZT2,381.0bn. Compared to similar period of the last year, turnover increased 2.75 times measured in dollars and 2.88 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. ------------------------------------------------------------------------------ To corresponding period of 2001 ---------------------------- Sector January- Trend: of KASE September Jan-Aug ------------------ Market 2002 2001 USD m % ------------------------------------- --------- -------- -------- -------- Foreign 1,797.9 1,280.7 +517.3 +40.4 Currency 11.6% 22.7% ------------------------------------- --------- -------- -------- -------- Futures 556.8 0 +556.8 +100.0 3.6% 0% ------------------------------------- --------- -------- -------- -------- GS (primary market and purchase-sale) 1,122.6 1,179.5 -56.9 -4.8 7.2% 20.9% ------------------------------------- --------- -------- -------- -------- CS (primary market and purchase-sale) 250.7 121.3 +129.3 +106.6 1.6% 2.1% ------------------------------------- --------- -------- -------- -------- REPO (CS and GS), total 11,813.6 3,064.3 +8,749.3 +285.5 76.0% 54.2% including repo on GS, direct deals 1,361.5 2,477.6 -1,116.0 -45.0 8.8% 43.8% Including auto repo on GS 10,387.1 464.7 +9,922.4 +2,135.0 66.8% 8.2% including repo on CS, direct deals 64.4 122.0 -57.6 -47.2 0.41% 2.2% Including auto repo on CS 0.58 0 +0.585 +100.0 0.004% 0% ------------------------------------- --------- -------- -------- -------- IFO bonds 0 5.6 -5.6 -100.0 0% 0.1% ------------------------------------- --------- -------- -------- -------- Promissory notes 0.023 0 +0.023 +100.0 0.0002% 0% ------------------------------------- --------- -------- -------- -------- TOTAL 15,541.6 5,651.4 +9,890.2 +175.0 100% 100% ------------------------------------------------------------------------------ In September of 2002 the volume of deals made at the Exchange totaled $2,352.0m or KZT363.8bn and increased relative to the previous month by 38.2% in dollars and 38.5% 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 III-2002 IV-2002 V-2002 VI-2002 VII-2002 VIII-2002 IX-2002 -------- ------- -------- ------- ------- ------- -------- --------- ------- In millions of dollars -------- ------- -------- ------- ------- ------- -------- --------- ------- Foreign volume 156.7 202.2 220.0 231.0 232.1 226.6 237.9 Currency % 8.5 14.4 16.2 13.2 12.2 13.3 10.1 -------- ------- -------- ------- ------- ------- -------- --------- ------- Futures volume 81.6 11.3 13.8 104.3 20.8 0.005 150.2 % 4.4 0.8 1.0 6.0 1.1 0.0003 6.4 -------- ------- -------- ------- ------- ------- -------- --------- ------- GS volume 176.1 111.6 84.0 95.2 68.4 119.7 221.2 % 9.5 8.0 6.2 5.4 3.6 7.0 9.4 -------- ------- -------- ------- ------- ------- -------- --------- ------- CS volume 26.6 29.1 45.3 10.0 34.6 15.0 34.9 % 1.4 2.1 3.3 0.6 1.8 0.9 1.5 -------- ------- -------- ------- ------- ------- -------- --------- ------- REPO volume 1,403.9 1,045.8 994.0 1,306.9 1,547.8 1,340.8 1,707.7 % 76.1 74.7 73.2 74.8 81.3 78.8 72.6 -------- ------- -------- ------- ------- ------- -------- --------- ------- IFO volume 0 0 0 0 0 0 0 Sec-ties % 0 0 0 0 0 0 0 -------- ------- -------- ------- ------- ------- -------- --------- ------- Promiss. volume 0.023 0 0 0 0 0 0 notes % 0.001 0 0 0 0 0 0 -------- ------- -------- ------- ------- ------- -------- --------- ------- TOTAL 1,845.0 1,400.0 1,357.1 1,747.3 1,903.8 1,702.0 2,352.0 -------- ------- -------- ------- ------- ------- -------- --------- ------- In billions tenge -------- ------- -------- ------- ------- ------- -------- --------- ------- Foreign volume 23.9 30.9 33.7 35.4 35.7 35.0 36.8 Currency % 8.5 14.4 16.2 13.2 12.2 13.3 10.1 -------- ------- -------- ------- ------- ------- -------- --------- ------- Futures volume 12.5 1.7 2.1 16.1 3.2 0.001 23.5 % 4.4 0.8 1.0 6.0 1.1 0.0003 6.5 -------- ------- -------- ------- ------- ------- -------- --------- ------- GS volume 26.8 17.0 12.9 14.6 10.5 18.5 34.2 % 9.5 8.0 6.2 5.4 3.6 7.0 9.4 -------- ------- -------- ------- ------- ------- -------- --------- ------- CS volume 4.0 4.4 6.9 1.5 5.3 2.3 5.4 % 1.4 2.1 3.3 0.6 1.8 0.9 1.5 -------- ------- -------- ------- ------- ------- -------- --------- ------- REPO volume 213.7 159.8 152.1 200.1 238.1 206.9 264.0 % 76.1 74.7 73.2 74.8 81.3 78.8 72.6 -------- ------- -------- ------- ------- ------- -------- --------- ------- IFO volume 0 0 0 0 0 0 0 Sec-ties % 0 0 0 0 0 0 0 -------- ------- -------- ------- ------- ------- -------- --------- ------- Promiss. volume 0.0036 0 0 0 0 0 0 notes % 0.0013 0 0 0 0 0 0 -------- ------- -------- ------- ------- ------- -------- --------- ------- TOTAL 280.9 213.9 207.6 267.7 292.9 262.7 363.8 ------------------------------------------------------------------------------------ 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. As it is seen in the presented data, growth of the volume of stock exchange's transactions in September was achieved in all sectors of KASE market. Corporate securities (CS) sector is characterized by the highest speed of growth, that was caused by the end of the month, which is traditionally accompanied by significant redistribution of securities and money, and also by restructuring of investors' portfolios in accordance with the forthcoming redemption of Kazakhstan euronotes of the second issue. Euronotes of Kazkommerts International B.V., which were brought to the trade one day before this event, were in great requisition of participants and were actively purchased by them in the end of September despite quick prices increase. Other corporate bonds were in big requisition too. It also should be noted that the significant increase of government securities liquidity as a result of investors' portfolios restructuring and increase of issue activity of the Ministry of finance, and also continued development of repo market, which occurred on account of increase of the volume of free money at financial market. In the opinion of IRBIS specialists, in October volume of transactions at KASE may turn out to be even higher. In the last quarter of 2001 the stock exchange's turnover increased approximately 1.5 times as much every month, though there were no significant events at the market, neither redemption of euronotes or sales of large state blocks of shares, which has been planned by the Ministry of finance for the fourth quarter of this year. [2002-10-01]