In February of 2003 volume of deals in KASE's repo sector decreased relative to January by 6.0% to KZT223.3 bn

/IRBIS, March 5, 03/ - In February of 2003 at Kazakhstan stock exchange (KASE) in repo-transactions sector there were registered 1,774 deals to the total amount of KZT223.3 bn or USD1,456.5 m at the current rate on deals making date. In comparison with January of 2003 volume of transactions decreased by KZT14.3 bn ($72.4 m) or by 6.0% (by 4.7% in terms of dollar). Relative to February of 2002 volume of transactions increased by KZT31.6 bn ($195.8 m) or by 16.5% (by 15.5% in temrs of tenge). Structure of repo market's turnover at KASE in February, which was calculated in tenge equivalent, was the following way: - the stake of automatic repo transactions was 83.9% of the sector's turnover (KZT187.4 bn), including deals in Government securities (GS) - 83.6% (KZT186.7 bn), deals in corporate securities (CS) - 0.3% (KZT741.7 m); - the stake of repo transactions, which were made by open deals method, was 16.1% of the sector's turnover (KZT35.9 bn), including deals in GS - 14.3% (KZT31.9 bn), deals in CS - 1.8% (KZT3,989.3 m). For comparison, structure of stock exchange's repo market in 2002 was characterized by the following indexes: autorepo - 83.03% (GS - 83.01%; CS - 0.02%); repo by direct method - 16.97% (GS - 16.09%; CS - 0.88%). Below are tables, which characterize KASE's repo sector in February of 2003 on opening transactions in tenge. Automatic repo in GS - 83.6% of the market ------------------------------------------------------------------------------- Repo rate, % APR Instrument --------------------------------------- Volume, Num- Stake of (currency, on first mini- maxi- on last weighted m ber of market, term, days) deal mum mum deal average KZT deals % ----------- -------- ----- ----- ------- -------- -------- ------ -------- KZT_001 4.50 1.00 8.00 1.00 4.00 79,835.1 608 87.0 KZT_002 5.00 3.50 5.75 3.85 4.62 525.0 7 0.6 KZT_003 3.90 3.90 5.00 4.70 4.74 775.0 7 0.8 KZT_007 5.70 4.00 6.00 4.60 5.15 5,180.0 52 5.6 KZT_014 5.70 4.10 6.20 4.60 5.55 3,975.0 41 4.3 KZT_028 6.00 5.50 6.50 6.00 6.14 1,485.0 18 1.6 ----------- -------- ----- ----- ------- -------- -------- ------ -------- TOTAL 91,775.2 733 100.0 ------------------------------------------------------------------------------- Automatic repo in CS - 0.3% of the market ------------------------------------------------------------------------------- Repo rate, % APR Instrument ---------------------------------------- Volume, Num- Stake of (security, on first mini- maxi- on last weighted m ber of market, term, days) deal mum mum deal average KZT deals % ----------- -------- ----- ----- ------- -------- ------- ------ -------- HSBKb_014 6.50 6.50 80.0 1 23.5 VTBN__014 8.50 8.50 20.0 1 5.9 HSBKb_028 7.00 7.00 75.0 1 22.1 ORDBb1_028 11.00 8.00 12.00 11.00 10.88 165.0 5 48.5 ----------- -------- ----- ----- ------- -------- ------- ------ -------- TOTAL 340.0 8 100.0 ------------------------------------------------------------------------------- Repo on direct deals in GS - 14.3% of the market ------------------------------------------------------------------------------ Repo rate, % APR Term of ----------------------------------------- Volume, Num- Stake of repo, on first mini- maxi- on last weighted m ber of market, days deal mum mum deal average KZT deals % ------- -------- ----- ----- ------- -------- -------- ------ -------- 1 4.50 2.00 5.52 2.00 4.03 7,102.9 42 45.7 2 4.71 3.40 4.71 3.40 4.32 1,550.4 4 10.0 3 2.50 2.00 4.00 2.00 2.82 882.8 8 5.7 4 3.70 2.79 5.70 4.00 4.62 874.6 10 5.6 5 3.00 2.00 4.79 2.00 4.23 484.6 4 3.1 6 4.90 3.00 4.90 3.00 4.39 699.0 4 4.5 7 2.50 2.50 5.30 4.70 4.28 755.0 5 4.9 9 4.50 4.50 5.30 5.30 4.83 534.0 3 3.4 14 6.00 5.60 6.30 5.60 5.98 2,300.0 4 14.8 20 6.00 6.00 6.00 6.00 6.00 104.0 2 0.7 21 5.80 5.80 14.0 1 0.1 24 5.40 5.40 137.0 1 0.9 25 5.80 5.80 45.0 1 0.3 28 5.80 5.80 67.1 1 0.4 ------- -------- ----- ----- ------- -------- -------- ------ -------- TOTAL 15,550.6 90 100.0 ------------------------------------------------------------------------------ Repo on direct deals in CS - 1.8% of the market ----------------------------------------------------------------------------- Repo rate, % APR Subject Term of ------------------------------- Volume, Num- Stake of of repo, mini- maxi- on last weighted m ber of market, repo days mum mum deal average KZT deals % -------- ------- ----- ----- ------- -------- ------- ------ -------- ALKS 31 9.42 9.42 50.0 1 2.4 42 22.50 22.50 10.0 1 0.5 62 10.01 10.01 30.7 1 1.5 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 90.7 3 4.3 -------- ------- ----- ----- ------- -------- ------- ------ -------- CCBN 2 8.56 8.56 7.8 1 0.4 5 8.51 8.51 7.2 1 0.3 7 7.04 7.04 7.04 7.04 112.3 2 5.4 10 8.56 8.56 6.4 1 0.3 11 8.57 8.57 6.4 1 0.3 14 8.49 8.60 8.49 8.55 185.0 2 8.9 25 10.04 10.04 45.0 1 2.2 30 8.03 8.03 141.5 1 6.8 164 10.00 10.00 100.0 1 4.8 180 14.70 14.70 130.0 1 6.2 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 741.7 12 35.5 -------- ------- ----- ----- ------- -------- ------- ------ -------- KZMS 14 10.00 10.00 9.3 1 0.4 29 11.00 11.00 29.1 1 1.4 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 38.3 2 1.8 -------- ------- ----- ----- ------- -------- ------- ------ -------- KZTKb1 2 6.50 6.50 121.5 1 5.8 -------- ------- ----- ----- ------- -------- ------- ------ -------- KZTKp 30 9.00 9.00 0.3 1 0.0 -------- ------- ----- ----- ------- -------- ------- ------ -------- ORDBb1 1 9.00 9.00 61.0 1 2.9 2 11.00 11.00 11.00 11.00 102.1 2 4.9 14 11.00 11.00 60.1 1 2.9 42 10.01 10.01 10.0 1 0.5 60 12.00 12.00 30.0 1 1.4 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 263.2 6 12.6 -------- ------- ----- ----- ------- -------- ------- ------ -------- RGBRb3 7 10.02 10.02 151.2 1 7.2 -------- ------- ----- ----- ------- -------- ------- ------ -------- SMGZb1 1 10.00 10.00 19.1 1 0.9 3 10.00 10.00 40.0 1 1.9 30 11.00 12.00 12.00 11.64 69.4 3 3.3 31 12.00 12.00 49.6 1 2.4 61 11.00 11.00 25.0 1 1.2 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 203.0 7 9.7 -------- ------- ----- ----- ------- -------- ------- ------ -------- VITAb3 21 3.65 3.65 5.1 1 0.2 28 3.65 3.65 41.2 1 2.0 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 46.3 2 2.2 -------- ------- ----- ----- ------- -------- ------- ------ -------- VTBN 14 4.62 4.62 65.0 1 3.1 57 12.00 12.00 11.6 1 0.6 181 11.00 11.00 57.5 1 2.8 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 134.1 3 6.4 -------- ------- ----- ----- ------- -------- ------- ------ -------- VTBNb1 8 2.50 2.50 12.6 1 0.6 14 4.50 4.50 25.6 1 1.2 28 10.00 10.00 10.00 10.00 58.0 2 2.8 31 7.50 7.50 4.1 1 0.2 90 14.00 14.00 45.0 1 2.2 181 11.00 11.00 55.1 1 2.6 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 200.3 7 9.6 -------- ------- ----- ----- ------- -------- ------- ------ -------- VTBNp 14 8.51 8.51 8.51 8.51 5.8 2 0.3 181 11.00 11.00 92.0 1 4.4 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 97.8 3 4.7 -------- ------- ----- ----- ------- -------- ------- ------ -------- TOTAL 2,088.6 48 100.0 ----------------------------------------------------------------------------- Stake of stock exchange's turnover in total volume of repo deals of Kazakhstan secondary market in February was 97.3%, in January - 97.8%. [2003-03-05]