Overview of KASE's equity market in September 2021

/KASE, October 15, 2021/ – Kazakhstan Stock Exchange (KASE) presents an overview of the equity market in September 2021. ------------------------------------------------------------------------- Volume, bn tenge September 30 August 31 Chg., % Chg., % --------- ------ as of 01.01.21 September August ---------- ------------ --------- ------- -------------- --------- ------ KASE Index 3,383.68 3,172.45 +6.66 +26.47 83.5 6.2 ------------------------------------------------------------------------- KASE Index opened the autumn season with growth for 12 trading sessions in a row. During this period, the Index not only fully recovered its post-dividend decline, but also updated new all-time highs, closing on September 16 at the maximum level of 3,442.03 points. From September 17, the Index began to develop in a sideways trend and slightly lost the gained height, closing the month at the level of 3,383.68 points. Overall, in September, the KASE index added 6.7%. -------------------------------------------------------------------- Closing price Chg., % Trading volume, mln tenge ---------------------------- -------- ------------------------- 30 September 31 Δ, % From September August Δ, % August 01.01.21 ---- ------------ --------- ----- -------- --------- -------- ------ KZAP 15,716.80 12,089.53 +30.0 +119.8 489.6 124.4 +74.6 KZTO 1,073.00 1,021.90 +5.0 +10.6 1,195.9 179.6 +85.0 KEGC 1,873.00 1,808.08 +3.6 +10.4 149.3 58.0 +61.2 CCBN 297.21 288.00 +3.2 +37.8 792.1 945.7 -19.4 KZTK 34,978.58 33,940.00 +3.1 +31.0 13,505.9 120.0 +99.1 HSBK 182.52 180.10 +1.3 +47.2 432.00 1,672.50 -287.2 KCEL 1,319.00 1,340.00 -1.6 -52.2 66,899.20 3,063.00 +95.4 -------------------------------------------------------------------- The growth leader in September were common shares of NAC Kazatomprom, which added 30.0% over the month following the rally in the uranium market caused by the emergence of a new player – Sprott physical uranium trust. In mid- August, taking advantage of the growing global demand for nuclear power, the Canadian uranium trust Sprott entered the market with an offer to buy back $300 million of shares fully backed by physical uranium. In the wake of increased demand, after a couple of weeks, the trust expanded the program to $1,300 million. For the period from September 16 to September 17, uranium quotations increased by 67.2% from $30.45 to $50.92 per pound, and Sprott accumulated more than 29 million pounds of uranium, equivalent to about 17% of world reactor consumption. By this time, many analytical agencies have issued reports that the rise in the price of uranium is more fueled by speculative financial demand than physical demand. From September 18, uranium prices began to decline and closed September at $43.39 per pound. Kazatomprom, as one of the largest uranium producers in the world, said at the very beginning of the rally that it did not plan to change its production program to meet the changed demand, but was negotiating direct supplies of uranium to the new trust. The second place in terms of growth rates in September is occupied by KazTransOil JSC, whose shares added 5.0 % in price. In fact, the shares simply returned to the level at which they were trading after the post-dividend correction: in June, the price of the transport company's securities was traded at the level of KZT1,070 per share for two months, in August, against the background of not very strong financial results, their value sank to KZT1,020, but in September was able to return to their previous positions. The top three growth leaders were closed by KEGOC JSC, whose shares rose by 3.6 % over the month. Obviously, the securities are getting more expensive on the eve of dividend payments, which traditionally take place in October. In addition, during the Issuer Day on KASE, the company's representative announced that the Board of Directors of KEGOC had allowed 80% of net income to be used to pay dividends. This is the maximum share in the entire history of the publicity of this issuer. Representatives of the banking sector – Bank CenterCredit JSC and Halyk Savings Bank of Kazakhstan JSC – also demonstrated an upward trend in September and tested new historical maximums. Apart from the fact that S&P Global Ratings upgraded ratings for both banks in September, there was no official news to support the growth of securities. Obviously, amid improving economic conditions, the market is preparing in advance for good annual data and high dividend payments. One of the most noticeable events of September can be called the deal on the sale by Kazakhtelecom JSC of 24% of the shares of the cellular company Kcell JSC. The prices of shares of Kazakhtelecom JSC and Kcell JSC were significantly adjusted during several months preceding the transaction. According to the results of September, the price of the share of the national telecom operator increased by 3.1 %, and the shares of the cellular company decreased by 1.6 %. KASE's equity market: ---------------------------------------------------------------- September 30 August 31 Chg. Chg., % ----------------------- ------------ --------- --------- ------- Capitalization, bn KZT 28,930.43 28,396.95 +533.48 +1.9 Capitalization, mln USD 67,954.47 66,700.22 +1,264.25 +1.9 ---------------------------------------------------------------- Capitalization of the equity market in September increased by 1.9 %, or KZT533.5 billion, and amounted to KZT28.9 trillion (USD68.0 billion). As of the end of September 2021, KASE's trading lists included shares of 137 denominations of 122 issuers, including shares of four denominations of four companies in the sector of unlisted securities. In September, common and preferred shares of JSC Kazakh Republican Trading House ZANGAR were excluded from the trading list of the Exchange – forced delisting, due to the seizure of the issuer's property in an amount exceeding 50% of the assets of this issuer. No new shares were added to the official list. Change in the prices of shares included in the representative list for calculating the capitalization of the equity market, as of September 30, 2021: ---------------------------------------------------------------------------- Issuer Price change / Chg., % (date of last deal) -------------------------- ----------------------------------------- ------- NAC Kazatomprom JSC (KZAP) 15,700.00 (30.09.21) 12,019.30 (31.08.21) 23.4 Mangistaumunaigaz JSC 5,400.00 (30.09.21) 4,391.00 (27.08.21) 18.7 (MMGZp) KM GOLD JSC(KMGD) 1,100.00 (30.09.21) 900.00 (27.08.21) 18.2 BAST JSC (BAST) 8,502.00 (21.09.21) 7,001.00 (31.08.21) 17.7 AltynGold plc (GB_ALTN) 1,109.52 (30.09.21) 954.00 (31.08.21) 14.0 Kazakhtelecom 22,400.01 (30.09.21) 21,000.00 (31.08.21) 6.3 (KZTKp) NOSTRUM OIL & GAS 68.99 (30.09.21) 65.00 (31.08.21) 5.8 PLC (GB_NTRM) KazTransOil JSC 1,073.00 (30.09.21) 1,021.90 (31.08.21) 4.8 (KZTO) Bank CenterCredit JSC 297.21 (30.09.21) 288.00 (31.08.21) 3.1 (CCBN) Rakhat JSC (RAHT) 14,500.00 (29.09.21) 18,000.00 (16.08.21) -24.1 Kaspi.kz JSC (KSPI) 46,100.00 (30.09.21) 48,830.00 (31.08.21) -5.9 Kcell JSC (KCEL) 1,319.00 (30.09.21) 1,340.00 (31.08.21) -1.60 ---------------------------------------------------------------------------- [2021-10-15]