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In March of 2003 volume of deals in KASE's repo sector decreased relative to February by 10.2% to KZT200.5 bn
/IRBIS, April 2, 03/ - In March of 2003 at Kazakhstan stock exchange (KASE) in repo-transactions sector there were registered 1,636 deals to the total amount of KZT200.5 bn or USD1,323.9 m at the current rate on deals making date.
In comparison with February of 2003 volume of transactions decreased by KZT22.8 bn ($132.6 m) or by 10.2% (by 9.1% in terms of dollar). Relative to March of 2002 volume of transactions decreased by KZT13.2 bn ($80.1 m) or by 6.2% (by 5.7% in temrs of tenge).
Structure of repo market's turnover at KASE in March, which was calculated in tenge equivalent, was the following way:
- the stake of automatic repo transactions was 82.4% of the sector's turnover (KZT165.3 bn), including deals in Government securities (GS) - 81.8% (KZT164.1 bn), deals in corporate securities (CS) - 0.6% (KZT1,202.3 m);
- the stake of repo transactions, which were made by open deals method, was 17.6% of the sector's turnover (KZT35.3 bn), including deals in GS - 16.1% (KZT32.3 bn), deals in CS - 1.5% (KZT2,959.2 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 March of 2003 on opening transactions in tenge.
Automatic repo in GS - 81.8% of the market
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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 15.00 5.00 4.08 72,145.1 558 88.4
KZT_002 4.00 1.00 5.00 3.50 3.84 620.0 10 0.8
KZT_003 4.50 4.00 5.25 4.60 4.51 770.0 14 0.9
KZT_007 4.50 4.00 6.50 5.10 4.85 3,470.0 43 4.2
KZT_014 5.00 4.50 6.50 5.90 5.69 2,360.0 26 2.9
KZT_028 5.00 5.00 6.50 5.00 5.56 2,290.0 21 2.8
----------- -------- ----- ----- ------- -------- -------- ------ --------
TOTAL 81,655.1 672 100.0
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Automatic repo in CS - 0.6% of the market
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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 %
----------- -------- ----- ----- ------- -------- ------- ------ --------
BRKZb1_001 5.00 5.00 360.0 1 50.0
HSBKb_001 5.00 5.00 75.0 1 10.4
KZIKb1_007 6.00 6.00 60.0 1 8.3
HSBKb_014 6.50 6.50 35.0 1 4.9
TXBNb1_014 6.50 6.50 6.50 6.50 6.50 100.0 2 13.9
ORDBb1_028 11.00 8.00 11.00 8.00 9.40 75.0 5 10.4
CCBN___030 9.00 9.00 9.00 9.00 9.00 15.0 1 2.1
----------- -------- ----- ----- ------- -------- ------- ------ --------
TOTAL 720.0 12 100.0
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Repo on direct deals in GS - 16.1% of the market
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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 3.50 1.99 5.00 5.00 3.69 6,953.6 43 39.1
2 2.50 2.50 4.51 4.51 3.21 1,704.7 10 9.6
3 4.09 4.09 5.00 4.50 4.58 353.0 3 2.0
4 2.00 1.50 4.80 4.80 2.29 633.0 6 3.6
5 5.00 4.49 5.10 4.49 4.82 247.0 5 1.4
6 6.50 6.50 6.50 6.50 6.50 5,940.0 15 33.4
7 3.50 3.25 7.00 4.74 4.87 1,551.6 13 8.7
9 2.75 2.75 20.0 1 0.1
11 4.90 4.50 4.90 4.50 4.58 32.2 2 0.18
14 4.50 4.50 4.5 1 0.03
22 5.00 5.00 5.00 5.00 5.00 4.0 2 0.02
27 5.50 5.50 41.0 1 0.23
28 5.00 5.00 5.00 5.00 5.00 99.5 2 0.6
94 2.50 2.50 200.0 1 1.1
------- -------- ----- ----- ------- -------- -------- ------ --------
TOTAL 17,784.1 105 100.0
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Repo on direct deals in CS - 1.5% of the market
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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 %
-------- ------- ----- ----- ------- -------- ------- ------ --------
ALKSb2 14 10.00 10.00 2.2 1 0.1
-------- ------- ----- ----- ------- -------- ------- ------ --------
ASFIb2 28 9.00 9.00 48.0 1 2.8
-------- ------- ----- ----- ------- -------- ------- ------ --------
CCBN 2 7.56 7.56 15.0 1 0.9
7 8.56 8.56 5.4 1 0.3
10 8.56 8.56 6.4 1 0.4
12 8.57 8.57 5.4 1 0.3
28 10.04 10.04 44.0 1 2.6
33 9.01 10.01 9.01 9.65 41.7 2 2.4
42 9.99 9.99 25.0 1 1.5
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 143.0 8 8.4
-------- ------- ----- ----- ------- -------- ------- ------ --------
CSBNb1 8 8.00 8.00 8.00 8.00 42.0 2 2.5
-------- ------- ----- ----- ------- -------- ------- ------ --------
HSBKb 30 8.00 8.00 3.0 1 0.2
-------- ------- ----- ----- ------- -------- ------- ------ --------
KZMS 33 12.00 12.00 26.7 1 1.6
-------- ------- ----- ----- ------- -------- ------- ------ --------
KZTKb1 5 6.00 7.70 7.70 6.85 263.6 2 15.4
-------- ------- ----- ----- ------- -------- ------- ------ --------
KZTKp 90 12.00 12.00 2.5 1 0.1
-------- ------- ----- ----- ------- -------- ------- ------ --------
ORDBb1 32 12.00 12.00 30.9 1 1.8
89 10.00 10.00 4.1 1 0.2
90 10.00 15.00 10.00 13.06 247.0 3 14.4
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 282.1 5 16.5
-------- ------- ----- ----- ------- -------- ------- ------ --------
RGBRb3 5 6.78 7.53 7.53 7.00 200.0 2 11.7
14 8.80 9.07 8.80 9.00 200.0 2 11.7
27 7.53 8.28 7.53 8.00 129.0 2 7.5
28 9.95 9.95 45.0 1 2.6
31 8.02 8.02 15.0 1 0.9
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 589.0 8 34.4
-------- ------- ----- ----- ------- -------- ------- ------ --------
SMGZb1 31 11.00 11.50 11.50 11.40 25.0 2 1.5
-------- ------- ----- ----- ------- -------- ------- ------ --------
SYRGb1 1 4.00 4.00 13.6 1 0.8
11 5.75 5.75 43.0 1 2.5
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 56.6 2 3.3
-------- ------- ----- ----- ------- -------- ------- ------ --------
TEBN 40 14.00 14.00 34.0 1 2.0
-------- ------- ----- ----- ------- -------- ------- ------ --------
VITAb3 31 3.65 3.65 1.0 1 0.1
-------- ------- ----- ----- ------- -------- ------- ------ --------
VTBN 7 3.82 8.46 3.82 4.88 22.0 2 1.3
22 3.65 3.65 6.4 1 0.4
40 14.01 14.01 36.8 1 2.1
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 65.1 4 3.8
-------- ------- ----- ----- ------- -------- ------- ------ --------
VTBNb1 32 3.50 8.50 8.50 5.50 42.5 2 2.5
-------- ------- ----- ----- ------- -------- ------- ------ --------
VTBNp 20 8.00 8.00 50.8 1 3.0
40 13.99 13.99 33.2 1 1.9
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 84.1 2 4.9
-------- ------- ----- ----- ------- -------- ------- ------ --------
TOTAL 1,710.4 44 100.0
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Stake of stock exchange's turnover in total volume of repo deals of Kazakhstan secondary market in March was 90.5%, in February - 97.3%.
[2003-04-02]