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In April of 2003 volume of deals in KASE's repo sector increased relative to March by 40.0% to KZT280.7 bn
/IRBIS, May 4, 03/ - In April of 2003 at Kazakhstan stock exchange (KASE) in repo-transactions sector there were registered 2,062 deals to the total amount of KZT280.7 bn or USD1,846.6 m at the current rate on deals making date.
In comparison with March of 2003 volume of transactions increased by KZT80.2 bn ($522.7 m) or by 40.0% (by 39.5% in terms of dollar). Relative to April of 2002 volume of transactions increased by KZT121.0 bn ($800.8 m) or by 75.7% (by 76.6% in temrs of dollar).
Structure of repo market's turnover at KASE in April, which was calculated in tenge equivalent, was the following way:
- the stake of automatic repo transactions was 85.6% of the sector's turnover (KZT240.4 bn), including deals in Government securities (GS) - 84.9% (KZT238.5 bn), deals in corporate securities (CS) - 0.7% (KZT1,966.6 m);
- the stake of repo transactions, which were made by open deals method, was 14.5% of the sector's turnover (KZT40.3 bn), including deals in GS - 10.7% (KZT30.1 bn), deals in CS - 3.6% (KZT10,159.2 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 April of 2003 on opening transactions in tenge.
Automatic repo in GS - 84.9% 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 3.00 3.89 105,510.1 650 88.2
KZT_002 4.00 3.20 4.00 4.00 3.65 145.0 4 0.1
KZT_003 4.60 4.00 5.00 4.00 4.37 1,480.0 18 1.2
KZT_007 4.90 3.50 6.10 5.00 4.81 5,455.0 78 4.6
KZT_014 4.75 4.75 6.50 5.40 5.40 4,085.0 55 3.4
KZT_028 5.00 5.00 6.70 5.51 5.91 2,960.0 32 2.5
----------- -------- ----- ----- ------- -------- --------- ------ --------
TOTAL 119,635.2 837 100.0
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Automatic repo in CS - 0.7% 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 %
----------- -------- ----- ----- ------- -------- ------- ------ --------
CCBN_001 4.00 4.00 4.00 4.00 4.00 75.00 2 8.0
CCBN_030 8.00 7.00 8.00 7.00 7.19 160.00 2 17.0
CSBN_007 6.50 6.50 6.50 6.50 6.50 35.00 1 3.7
KZIKb1_007 5.50 5.50 7.00 6.00 5.96 190.02 4 20.2
KZIKb1_014 7.00 7.00 7.00 7.00 7.00 45.00 2 4.8
KZIKb1_028 7.00 7.00 7.00 7.00 7.00 40.00 1 4.3
KZTKb1_007 7.00 7.00 7.00 7.00 7.00 150.00 1 16.0
ORDBb1_028 11.50 8.10 11.50 8.10 9.85 120.00 6 12.8
TXBNb1_014 7.00 7.00 7.00 7.00 7.00 100.00 2 10.6
VTBN_028 10.00 9.50 10.00 9.50 9.75 20.00 2 2.1
VTBNp_028 11.00 11.00 11.00 11.00 11.00 5.00 1 0.5
----------- -------- ----- ----- ------- -------- ------- ------ --------
TOTAL 940.0 24 100.0
-------------------------------------------------------------------------
Repo on direct deals in GS - 10.7% 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 1.00 8.00 4.00 3.69 4,363.3 35 38.2
2 3.00 2.50 6.40 2.90 3.37 1,008.1 8 8.8
3 4.50 1.00 7.50 2.00 3.52 1,242.4 14 10.9
4 4.00 2.50 4.50 2.50 3.46 486.1 5 4.3
5 2.50 1.50 6.50 1.50 3.90 1,128.0 8 9.9
6 4.50 3.70 5.50 5.50 4.04 1,121.6 9 9.8
7 4.00 2.10 4.60 4.00 3.09 1,631.0 13 14.3
10 4.40 3.50 5.51 5.50 4.96 132.8 4 1.2
13 3.00 3.00 4.50 4.50 3.71 95.0 2 0.8
14 5.00 5.00 2.0 1 0.02
15 5.30 5.30 12.0 1 0.1
16 5.15 5.15 18.0 1 0.2
17 6.50 6.50 100.0 1 0.9
29 5.60 5.60 44.0 1 0.38
31 5.50 5.10 5.50 5.10 5.30 49.0 2 0.43
------- -------- ----- ----- ------- -------- -------- ------ --------
TOTAL 11,433.2 105 100.0
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Repo on direct deals in CS - 3.6% 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 %
-------- ------- ----- ----- ------- -------- ------- ------ --------
ALKSp 12 8.11 8.11 70.5 1 2.93
16 9.13 9.13 23.0 1 0.96
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 93.5 2 3.88
-------- ------- ----- ----- ------- -------- ------- ------ --------
CCBN 1 7.30 8.56 7.30 7.43 16.8 2 0.70
4 4.11 4.11 44.0 1 1.83
10 8.00 8.00 17.0 1 0.71
11 8.06 8.06 20.8 1 0.86
29 10.01 10.01 44.0 1 1.83
30 9.00 11.01 11.01 10.34 45.0 2 1.87
31 11.01 11.01 35.0 1 1.45
32 6.99 6.99 6.99 6.99 228.1 2 9.48
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 450.7 11 18.72
-------- ------- ----- ----- ------- -------- ------- ------ --------
CSBNb1 7 8.50 8.50 48.0 1 1.99
-------- ------- ----- ----- ------- -------- ------- ------ --------
KZIKb1 28 7.50 7.50 8.0 1 0.33
-------- ------- ----- ----- ------- -------- ------- ------ --------
KZTKb1 1 6.00 6.00 132.3 1 5.50
30 7.00 7.00 7.00 7.00 240.0 3 9.97
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 372.4 4 15.47
-------- ------- ----- ----- ------- -------- ------- ------ --------
ORDBb1 4 8.00 8.00 15.5 1 0.65
14 10.00 10.00 15.3 1 0.64
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 30.8 2 1.28
-------- ------- ----- ----- ------- -------- ------- ------ --------
RGBRb3 1 11.14 14.86 11.14 12.00 200.0 2 8.31
7 8.51 13.27 12.74 11.59 292.0 3 12.13
9 8.23 8.64 8.64 8.50 100.6 2 4.18
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 592.6 7 24.62
-------- ------- ----- ----- ------- -------- ------- ------ --------
SMGZb1 31 12.00 12.00 10.0 1 0.42
-------- ------- ----- ----- ------- -------- ------- ------ --------
SYRGb1 30 6.00 6.00 20.0 1 0.83
91 6.50 6.50 3.0 1 0.13
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 23.0 2 0.96
-------- ------- ----- ----- ------- -------- ------- ------ --------
VITAb3 6 3.65 3.65 5.8 1 0.24
29 12.00 12.00 5.0 1 0.21
30 12.00 12.00 5.0 1 0.21
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 15.8 3. 0.66
-------- ------- ----- ----- ------- -------- ------- ------ --------
VTBN 3 3.48 3.48 0.2 1 0.01
6 8.92 8.92 2.2 1 0.09
7 9.04 9.04 9.04 9.04 92.5 6 3.84
9 8.52 8.52 8.52 8.52 33.6 4 1.40
10 8.58 8.58 1.8 1 0.07
12 3.48 8.52 8.52 5.29 5.0 2 0.21
20 3.48 3.48 2.5 1 0.10
21 12.02 12.02 8.8 1 0.37
91 9.00 9.00 9.00 9.00 45.8 2 1.90
183 6.08 10.50 6.08 8.29 102.0 2 4.24
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 294.4 21 12.23
-------- ------- ----- ----- ------- -------- ------- ------ --------
VTBNb1 1 6.00 6.00 50.0 1 2.08
4 3.50 4.00 3.50 3.75 88.1 2 3.66
29 8.50 8.50 17.0 1 0.71
32 8.00 8.00 3.0 1 0.12
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 158.1 5 6.57
-------- ------- ----- ----- ------- -------- ------- ------ --------
VTBNp 11 8.06 8.06 27.7 1 1.15
14 9.98 9.98 14.6 1 0.61
30 8.01 8.01 22.2 1 0.92
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 64.5 3 2.68
-------- ------- ----- ----- ------- -------- ------- ------ --------
VTZL 14 10.04 10.04 10.04 10.04 16.8 2 0.70
32 11.01 11.01 11.01 11.01 228.1 5 9.48
-------- ------- ----- ----- ------- -------- ------- ------ --------
Subtotal 244.9 7 10.18
-------- ------- ----- ----- ------- -------- ------- ------ --------
TOTAL 2 406.7 70 100.0
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Stake of stock exchange's turnover in total volume of repo deals of Kazakhstan secondary market in April was 94.4%, in March - 90.5%.
[2003-05-04]