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 -------------------------------------------------------------------------- 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 -------------------------------------------------------------------------- Automatic repo in CS - 0.6% 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 % ----------- -------- ----- ----- ------- -------- ------- ------ -------- 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 ------------------------------------------------------------------------- Repo on direct deals in GS - 16.1% 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 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 ---------------------------------------------------------------------- Repo on direct deals in CS - 1.5% 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 % -------- ------- ----- ----- ------- -------- ------- ------ -------- 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 --------------------------------------------------------------------- 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]