Quotation of common shares of Corporation Kazakhmys OJSC again make key influence upon behavior of the index KASE_Shares
26.11.02 00:00
/IRBIS, November 26, 02/ - By the results of trades on corporate securities at
Kazakhstan stock exchange (KASE) on November 26 index KASE_Shares, which
reflect change of demand prices for shares of KASE's official securities list
of "А" category taking into account their issuers' market capitalization, has
increased to historically maximal value - 136.3088. Relative to previous
trading day the index has risen by 6.3%.
Results of the conducted analysis allow IRBIS specialists to state that the
described dynamics of the index was aroused by increase, relative to previous
day, of demand price for common inscribed shares of Corporation
Kazakhmys OJSC (Zheskazgan, trade code KZMS, NIN - KZ1C44930010) from
KZT8,230.00 to KZT10,000.00 for security (by KZT1,770.00 or 21.5%). This, in
its turn, was caused by conducting at KASE on November 26 of 13 deals with KZMS
to the total amount of USD1,447,942.59. Deals were made in the price corridor
KZT12,000.00 - 16,203.00. Weighted average price by the results of the trade
equaled to KZT14,677.27 per share that according to the current rate equals to
USD95.12.
It is notable that 7 KASE's members took part in the mentioned deals, who
operated with 9 depo-accounts (own ones and clients' ones). It's also notable
that one pension assets management company participated as the main purchaser
of KZMS.
The given data prove the fact that one day before the planned sale of state
block of shares of Corporation Kazakhmys OJSC stock exchange's participants'
interest in these shares is growing, and liquidity of KZMS at KASE is estimated
as unexampled high for shares.
[2002-11-26]