In February of 2003 volume of CS deals at KASE decreased 2.9 times to $27.2 m relative to January

/IRBIS, March 3, 03/ - In February of 2003 at the Kazakhstan Stock Exchange (KASE) 109 deals were made in corporate securities in all sectors of the market (excluding repo-transactions sector) for a total of KZT4.2 bn or $27.2 m at current rate of the Exchange effective on the day the deals were made. In comparison with January of 2003 volume of transactions decreased by $51.3 m (KZT8.0 bn) or 2.88 times (2.92 times in tenge). Relative to February of 2002 volume of transactions rose by $499.8 th. (KZT119.4 m) or 1.9 times (2.9 times in tenge). IRBIS agency pays attention that before in this statistic section CS repo transactions were taken into account. Now this type of deals will be in money market's sector, which will be in separate statistic section. Decrease of trading in CS on different types of purchase and sale transactions was caused mainly by significant strengthening of tenge relative to US dollar and corresponding compression of corporate bonds market - recently most liquid CS, face value of which mostly is indexed on changing of tenge's rate relative to dollar. Investors tried to sell these bonds, but offer did not find demand. Structure of CS turnover at KASE in February is presented in the following form: 99.7% of the volume of all conducted deals ($27,130.3 th.) fell to the share of transactions of purchase and sale sector, to the share of transactions in primary floatation sector - 0.3% ($85.4 th.). In SBS sector no deals were made. For comparison, the structure of stock exchange's CS sector in 2002 was characterized by the following indicators: 5.5% of transactions volume fell to the share of primary floatations; to the share of SBS - 33.1%; to the share of purchase and sale sector - 61.4%. Following are the tables, which show stock exchange's CS market in February of 2003. Most tradable securities at the KASE in February of 2003 (all sectors of the market excluding repo) ------------------------------------------------------------------------------ Code Volume of Volume of Volume of Number of deals, deals, deals in of security Brief title of the issuer th. USD m, KZT securities deals -------- ------------------------------ --------- --------- ----------- ------ BTASe2 TuranAlem Finance B.V. 5,473.11 837.23 4,875,300 2 CCBN Bank CenterCredit OJSC 4,527.05 692.84 3,380,847 24 ASFIb2 Astana-finance OJSC 3,386.81 520.38 5,123,000 6 BTASb2 Bank TuranAlem OJSC 2,630.49 406.88 27,000 2 RAHT Rakhat JSC 1,942.57 300.00 1,200,000 2 VTBNb1 VALUT-TRANZIT BANK OJSC 1,141.38 176.14 10,940 5 SMGZb1 SHAKHARMUNAIGAS OJSC 1,081.79 167.60 11,735 10 KZTOe1 KazTransOil CJSC 1,026.03 158.59 978,000 5 ALKS Almaty Kus OJSC 994.65 152.48 12,022,134 10 KZMS Corporation Kazakhmys OJSC 871.56 133.10 13,693 7 KZTKb1 Kazakhtelecom 858.59 131.12 8,360 2 VTBNp VALUT-TRANZIT BANK OJSC 778.71 119.24 355,109 4 ASBNb1 Alliance-Bank OJSC 652.73 99.12 100,000,000 1 KKGBe3 Kazkommerts International B.V. 554.33 85.37 500,000 1 SYRGb1 HOP OJSC 399.90 60.65 3,960 1 NFBN Neftebank OJSC 251.44 38.94 29,334 2 BTAS Bank TuranAlem OJSC 223.63 34.63 2,447 4 BTASb1 Bank TuranAlem OJSC 106.09 16.43 940 2 TEBNb3 TEMIRBANK OJSC 85.41 13.17 680 3 BTASe1 TuranAlem Finance B.V. 81.43 12.44 75,000 1 MMGZp Mangistaumunaigas OJSC 44.63 6.89 10,000 2 SSGPp SSOMPU JSC 42.16 6.51 16,284 2 UTMKp UKTMC OJSC 26.61 4.05 847 2 ORDBb1 Corporation Ordabasy OJSC 10.14 1.57 1,600 1 ALKZp Alluminium of Kazakhstan OJSC 5.45 0.84 14,004 1 CSBN BANK CASPIAN OJSC 5.31 0.82 4,794 2 KZTKp Kazakhtelecom 4.80 0.74 300 1 RGBRb3 RG BRANDS OJSC 4.31 0.66 103,000,000 1 KZCRp TNC Kazkhrom OJSC 3.50 0.54 1,541 1 KARMb1 Karazhanbasmunai OJSC 1.03 0.16 10 1 CSBNp BANK CASPIAN OJSC 0.11 0.02 100 1 ------------------------------------------------------------------------------ Comments: The securities were sorted in descending order based on the volumes of deals expressed in U.S. dollars. Small letters in the securities codes have the following meanings: "p" - preferred inscribed share; "b" - bond: "e" - eurobond; the rest - common inscribed share. The figure shows the number of the bond issue. If there is no figure (old code) it implies that it is the first issue. Table of main indicators of the stock exchange's CS market in January of 2003 ----------------------------------------------------------------------- Capitaliza- Capitaliza- tion tion Bond value of the of the index, Volume share bonds Bonds including of market, Share market, yield accum deals, Date m, USD index m, USD index interest th. USD ---------- ----------- -------- ----------- ------- ---------- -------- Jan 31, 03 1,324.5 124.6509 1,234.181 8.2936 135.9073 20,823.7 Feb 3, 03 1,323.3 124.7311 1,233.744 8.2715 136.1645 1,861.0 Feb 4, 3 1,325.3 124.6654 1,233.818 8.3183 135.9609 1,811.3 Feb 5, 03 1,326.8 124.5764 1,234.788 8.2577 136.2050 3,430.3 Feb 6, 03 1,331.7 124.4349 1,233.861 8.3260 135.9886 394.1 Feb 7, 03 1,328.6 124.3360 1,235.813 8.2682 136.2255 1,338.9 Feb 10, 03 1,329.7 133.7331 1,236.923 8.2628 136.3900 711.7 Feb 11, 03 1,439.7 134.0844 1,237.233 8.2635 136.3508 2,502.9 Feb 12, 03 1,343.7 133.9443 1,234.996 8.2187 136.5170 286.9 Feb 13, 03 1,339.4 133.8427 1,234.327 8.2566 136.4033 1,611.8 Feb 14, 03 1,345.4 130.1800 1,234.613 8.1980 136.6645 712.4 Feb 17, 03 1,347.1 129.5570 1,237.095 8.1709 136.8728 1,161.7 Feb 18, 03 1,349.6 128.5813 1,238.640 8.1374 137.1346 0.0 Feb 19, 03 1,353.0 128.4720 1,239.271 8.1270 137.3537 5,540.7 Feb 20, 03 1,354.8 128.3879 1,239.932 8.1677 137.0005 636.2 Feb 21, 03 1,359.2 128.2870 1,240.179 8.1670 137.0287 1,304.4 Feb 24, 03 1,358.7 128.3084 1,240.758 8.1375 137.2243 777.7 Feb 25, 03 1,353.4 128.5607 1,240.489 8.1585 137.1789 82.1 Feb 26, 03 1,358.4 128.0670 1,241.490 8.1584 137.2053 326.1 Feb 27, 03 1,351.3 128.0504 1,242.422 8.2177 137.1608 2,314.4 Feb 28, 03 1,377.2 127.8409 1,243.389 8.2437 137.0381 411.1 ---------- ----------- -------- ----------- ------- ---------- -------- Trend +52.7 +3.1900 +9.208 -0.0499 +1.1308 , +3.98% +2.56% +0.75% -0.60% +0.83% , ----------------------------------------------------------------------- Comments: The shares index (KASE_Shares) reflects the changes in the bids on the shares from the official Exchange's securities list of "A" category, including the market capitalization of their issuers. The capitalization of the bond market - indicator that reflects the volume of corporate debt circulating on the KASE as the bonds of the companies. It is calculated on the basis of the number of issued bonds and the bonds admitted to the trades and their market values. In case of the absence of the last figure, face value is used instead. Capitalization of the shares market - indicator that reflects the market capitalization of the companies whose shares were entered into official list of the KASE securities. It is calculated on the basis of the number of issued shares and their last market values. In case of the absence of the deals the face values of the securities, expressed in U.S. dollars (if necessary) at the rate of the Exchange for the current day, are used. Bonds yield index (KASE_BY) - weighted average (through capitalization) yield of the corporate bonds of category "A" of the KASE official list, which is calculated based on the deals or average bids of the market-makers (if there is no deal). Index of bonds yield with accumulated interest (KASE_BP) - weighted average (through capitalization) "dirty" price of the corporate bonds of category "A" of the KASE official list, which is calculated based on the deals or average bids of the market-makers (if there is no deal). Purchase-sale deals volume includes the deals made in state blocks of shares and volume of primary floatations at KASE specialized trades but it doesn't take into account repo transactions. [2003-03-03]