In May of 2003 volume of deals in KASE's repo sector decreased relative to April by 18.4% to KZT229.2 bn

/IRBIS, June 2, 03/ - In May of 2003 at Kazakhstan stock exchange (KASE) in repo-transactions sector there were registered 1,930 deals to the total amount of KZT229.2 bn or USD1,518.3 m at the current rate on deals making date. In comparison with April of 2003 volume of transactions decreased by KZT81.5 bn ($328.3 m) or by 18.4% (by 17.8% in terms of dollar). Relative to May of 2002 volume of transactions increased by KZT77.2 bn ($524.3 m) or by 50.8% (by 52.7% in temrs of dollar). Structure of repo market's turnover at KASE in May, which was calculated in tenge equivalent, was the following way: - the stake of automatic repo transactions was 88.4% of the sector's turnover (KZT202.7 bn), including deals in Government securities (GS) - 87.7% (KZT201.0 bn), deals in corporate securities (CS) - 0.7% (KZT1,629.9 m); - the stake of repo transactions, which were made by direct deals method, was 11.6% of the sector's turnover (KZT26.6 bn), including deals in GS - 10.2% (KZT23.4 bn), deals in CS - 1.4% (KZT3,125.1 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 May of 2003 on opening transactions in tenge. Automatic repo in GS - 87.7% 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 9.50 4.50 4.28 85,203.1 620 83.2 KZT_002 4.00 3.90 4.00 3.90 3.97 261.0 5 0.3 KZT_003 4.50 4.00 5.50 4.00 4.47 556.0 9 0.5 KZT_007 5.00 4.50 6.50 4.50 5.70 6,415.0 69 6.3 KZT_014 5.00 4.80 6.50 5.00 5.64 4,735.0 61 4.6 KZT_028 5.20 5.20 7.00 5.80 5.81 5,204.0 44 5.1 ----------- -------- ----- ----- ------- -------- --------- ------ -------- TOTAL 102,374.2 808 100.0 --------------------------------------------------------------------------- Automatic repo in CS - 0.7% 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 % ----------- -------- ----- ----- ------- -------- ------- ------ -------- CCBN_001 4.00 4.00 4.50 4.50 4.16 74.0 4 8.4 CCBN_030 7.00 7.00 7.00 7.00 7.00 130.0 3 14.8 KZIKb1_014 7.00 7.00 7.00 7.00 7.00 189.0 5 21.5 KZIKb1_028 8.00 8.00 8.00 8.00 8.00 70.0 2 8.0 ORDBb1_007 10.00 10.00 10.00 10.00 10.00 10.0 1 1.1 ORDBb1_028 11.00 10.00 12.00 10.00 11.00 123.0 8 14.0 TXBNb1_001 4.50 4.50 4.50 4.50 4.50 50.0 1 5.7 TXBNb1_014 7.30 7.00 7.30 7.00 7.15 100.0 3 11.4 VTBN_028 10.00 9.50 10.00 9.50 9.72 45.0 3 5.1 VTBNp_001 8.00 8.00 8.00 8.00 8.00 58.0 1 6.6 VTBNp_014 8.00 8.00 8.00 8.00 8.00 31.0 1 3.5 ----------- -------- ----- ----- ------- -------- ------- ------ -------- TOTAL 880.0 32 100.0 ------------------------------------------------------------------------- Repo on direct deals in GS - 10.2% 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 3.00 1.00 6.50 3.00 3.23 4,137.5 27 32.9 2 2.80 2.80 5.75 4.00 4.50 473.2 6 3.8 3 4.30 1.00 7.50 5.00 6.12 4,071.6 12 32.4 4 3.30 2.00 7.50 7.50 6.37 821.9 6 6.5 5 4.50 4.50 4.50 4.50 4.50 400.0 4 3.2 6 1.99 1.99 4.25 3.00 2.20 578.2 3 4.6 7 3.50 1.99 6.50 4.50 4.71 1,725.4 18 13.7 9 5.90 5.90 61.5 1 0.5 12 5.50 5.50 38.5 1 0.3 13 4.80 3.40 4.80 3.40 4.10 78.0 2 0.6 14 5.75 5.75 47.1 1 0.37 15 5.90 5.90 61.5 1 0.5 21 3.00 3.00 21.8 1 0.2 26 5.80 5.80 45.0 1 0.36 ------- -------- ----- ----- ------- -------- -------- ------ -------- TOTAL 12,561.3 84 100.0 ------------------------------------------------------------------------------ Repo on direct deals in CS - 1.4% 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 % -------- ------- ----- ----- ------- -------- ------- ------ -------- ARNAb1 31 7.00 7.00 7.00 7.00 83.3 2 5.11 -------- ------- ----- ----- ------- -------- ------- ------ -------- ASFIb2 3 7.00 7.00 4.9 1 0.30 -------- ------- ----- ----- ------- -------- ------- ------ -------- CCBN 1 5.48 5.48 5.48 5.48 38.0 2 2.33 3 7.30 7.30 30.0 1 1.84 4 5.48 5.48 38.0 1 2.33 10 8.58 8.58 2.8 1 0.17 14 8.99 8.99 30.2 1 1.85 29 10.01 10.01 4.0 1 0.25 30 9.00 9.00 15.0 1 0.92 31 11.01 11.01 35.0 1 2.15 42 9.06 9.06 20.4 1 1.25 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 213.5 10 13.10 -------- ------- ----- ----- ------- -------- ------- ------ -------- HSBK 10 8.76 8.76 0.2 1 0.01 26 3.48 3.48 0.9 1 0.06 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 1.1 2 0.07 -------- ------- ----- ----- ------- -------- ------- ------ -------- KARMb1 7 9.00 9.00 12.8 1 0.79 12 9.00 9.00 12.8 1 0.79 21 5.80 5.80 6.0 1 0.37 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 31.7 3 1.94 -------- ------- ----- ----- ------- -------- ------- ------ -------- KZMS 10 5.00 5.00 5.0 1 0.31 -------- ------- ----- ----- ------- -------- ------- ------ -------- KZTKb1 7 9.00 9.00 1.9 1 0.12 -------- ------- ----- ----- ------- -------- ------- ------ -------- KZTKp 29 15.00 15.00 0.2 1 0.01 -------- ------- ----- ----- ------- -------- ------- ------ -------- ORDBb1 22 11.50 11.50 25.0 1 1.53 31 12.00 12.00 6.0 1 0.37 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 31.0 2 1.90 -------- ------- ----- ----- ------- -------- ------- ------ -------- RGBRb3 5 7.31 8.78 7.31 7.60 100.8 2 6.19 180 10.50 10.50 10.50 10.50 101.4 3 6.22 184 10.50 10.50 38.6 1 2.37 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 240.8 6 14.78 -------- ------- ----- ----- ------- -------- ------- ------ -------- SYRGb1 22 5.50 5.50 9.0 1 0.55 -------- ------- ----- ----- ------- -------- ------- ------ -------- UKPFb1 31 7.00 7.00 7.00 7.00 146.6 4 9.00 -------- ------- ----- ----- ------- -------- ------- ------ -------- VITAb3 1 9.10 9.10 9.10 9.10 6.4 1 0.39 30 9.10 13.00 13.00 10.99 12.4 2 0.76 32 12.00 12.00 12.00 12.00 4.9 1 0.30 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 23.6 4 1.45 -------- ------- ----- ----- ------- -------- ------- ------ -------- VTBN 1 8.52 8.52 8.52 8.52 23.7 2 1.46 7 8.52 8.52 30.0 1 1.84 10 8.53 8.53 3.8 1 0.23 11 8.50 8.57 8.57 8.53 7.6 2 0.47 19 8.50 8.50 27.7 1 1.70 21 8.51 8.51 1.0 1 0.06 26 10.01 10.01 45.0 1 2.76 28 9.99 9.99 9.99 9.99 9.0 2 0.55 30 7.45 8.51 8.51 8.24 30.8 2 1.89 31 10.01 10.01 3.0 1 0.18 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 181.7 14 11.15 -------- ------- ----- ----- ------- -------- ------- ------ -------- VTBNb1 28 10.00 10.00 80.0 1 4.91 31 8.50 8.50 20.0 1 1.23 180 10.50 10.50 30.0 1 1.84 184 10.50 10.50 38.6 1 2.37 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 168.6 4 10.35 -------- ------- ----- ----- ------- -------- ------- ------ -------- VTBNp 12 6.97 6.97 12.7 1 0.78 32 11.99 11.99 75.4 1 4.63 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 88.1 2 5.41 -------- ------- ----- ----- ------- -------- ------- ------ -------- VTZL 18 10.04 10.04 3.0 1 0.18 28 14.01 14.01 14.01 14.01 80.0 2 4.91 31 9.01 11.01 9.01 9.73 229.9 6 14.11 91 10.01 10.01 5.1 1 0.31 92 12.00 12.00 5.1 1 0.31 -------- ------- ----- ----- ------- -------- ------- ------ -------- Subtotal 323.0 11 19.83 -------- ------- ----- ----- ------- -------- ------- ------ -------- ZERD 14 5.00 5.00 75.0 1 4.60 -------- ------- ----- ----- ------- -------- ------- ------ -------- TOTAL 1,628.9 70 100.0 ----------------------------------------------------------------------------- Stake of stock exchange's turnover in total volume of repo deals of Kazakhstan secondary market in May was 92.1%, in April - 94.4%. [2003-06-02]