U.S. dollar market of Kazakhstan: day results
/IRBIS, September 8, 03/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (more than 99% of country's all currency market) according to results of the day. Values are given in tenge per dollar, volume - th. USD, trends are shown relative to corresponding figures of previous day.
Results of trades at Kazakhstan stock exchange
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Instrument USD TOD USD TOD USD TOM
KASE's session Main Additional Additional
(morning) (day) (evening)
Time 10:15 - 11:00 ALT 11:30-15:30 14:00-18:00
----------------- ------------- -------------
Indicator value trend value trend value trend
------------------------ -------- ------- ------ ----- ------ -----
Opening rate 148,35 +0,05 147,97 -0,49 - -
Volume of the 1st deal 5 0 300 0 0 0
------------------------ -------- ------- ------ ----- ------ -----
Maximum rate 148,50 0 147,97 -0,53 - -
Volume on max. price 5 0 300 +200 0 0
------------------------ -------- ------- ------ ----- ------ -----
Minimum rate 147,91 -0,39 147,84 -0,54 - -
volume on min. price 5 0 75 -75 0 0
------------------------ -------- ------- ------ ----- ------ -----
Closing rate 148,00 -0,45 147,84 -0,54 - -
Volume of the last. deal 100 +40 75 -75 0 0
------------------------ -------- ------- ------ ----- ------ -----
Weight. aver. rate 148,08 -0,39 147,90 -0,54 - -
Volume of the session 66400 +56110 2750 -5860 0 0
Number of deals 227 +166 15 -45 0 0
Number of participants 18 0 12 -2 0 0
------------------------ -------- ------- ------ ----- ------ -----
Best ask* 147,95 -0,49 147,84 -0,53 - -
Best bid* 148,00 -0,45 147,90 -0,48 - -
------------------------ -------- ------- ------ ----- ------ -----
REUTERS Bid* 147,95 -0,45 147,77 -0,64 147,60 -0,76
REUTERS Ask* 148,01 -0,51 147,87 -0,64 147,78 -0,70
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* at closing of the session at KASE, out of stock exchange - by the data of
REUTERS
Table of price levels of trade in US dollar at KASE on TOD terms
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TOTAL BY RESULTS OF THE DAY:
Morning Day ----------------------------
session: session: time (ALT):
Price ------------- ------------- ------------
level volume deals volume deals volume deals from to
------ ------ ----- ------ ----- ------- ----- ----- -----
148.50 5 1 5 1 10:15 10:15
148.45 100 2 100 2 10:15 10:15
148.35 110 3 110 3 10:15 10:23
148.32 20 1 20 1 10:24 10:24
148.31 200 2 200 2 10:25 10:25
148.30 500 4 500 4 10:25 10:26
148.26 300 3 300 3 10:26 10:26
148.25 600 3 600 3 10:25 10:26
148.21 525 2 525 2 10:27 10:27
148.20 12,405 39 12,405 39 10:25 10:32
148.19 250 3 250 3 10:32 10:32
148.18 2,450 10 2,450 10 10:27 10:33
148.16 905 6 905 6 10:34 10:35
148.15 950 7 950 7 10:35 10:36
148.14 100 2 100 2 10:36 10:36
148.13 500 2 500 2 10:36 10:36
148.11 950 5 950 5 10:36 10:37
148.10 2,805 13 2,805 13 10:36 10:38
148.09 3,790 16 3,790 16 10:39 10:40
148.06 300 2 300 2 10:41 10:41
148.05 5,920 15 5,920 15 10:37 10:41
148.04 2,600 27 2,600 27 10:43 10:47
148.03 2,405 5 2,405 5 10:41 10:48
148.02 2,750 6 2,750 6 10:43 10:48
148.01 400 3 400 3 10:49 10:51
148.00 23,355 38 23,355 38 10:42 10:59
147.97 300 1 300 1 11:31 11:31
147.96 50 1 50 1 10:56 10:56
147.95 1,150 5 1,150 5 10:56 10:56
147.93 325 2 325 2 11:51 11:51
147.92 325 2 325 2 11:51 11:51
147.91 5 1 5 1 10:50 10:50
147.90 400 1 400 1 11:52 11:52
147.89 425 4 425 4 15:07 15:23
147.88 600 3 600 3 15:07 15:19
147.85 300 1 300 1 15:29 15:29
147.84 75 1 75 1 15:29 15:29
------ ------ ----- ------ ----- ------- ----- ----- -----
TOTAL 66,400 227 2,750 15 69,150 242 10:15 15:29
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Kazakhstan market of US dollar on the start of trading week is notable with its activity. Morning trades was characterized by rapid increase of the offer volume of dollars, mostly likely from the side of exporters. The latter can be guessed by composition of banks selling American currency. It led to the fall of prices from the formed resistance of 148.5. During the day trade the market came to more deeper price levels by inertia and closely approached the intermediate support level of 147.85. Over the counter market supported the decline of a dollar and stopped at 147.6
In that way, during the whole day tenge was appreciating, regardless the decline of repo rates. It gives the impression that excess volume of the offer of the American currency is caused not by the decline of short-term liquidity, but by exporters' aspiration for converting their currency reserves at the most beneficial rates at the start of a "tax week"-September. Thanks to damping influence of National Bank the market has got certain inertia and cannot collapse instantly. This very circumstance was used by banks' clients today, who applied to the sale of USD, and also banks' traders closing out their long positions.
The day summary at KASE doesn't give evidence about fundamental change of banks' disposition on currency floor. The number of net sellers didn't change, the number of net buyers decreased considerably. The level of the demand monopolization was considerably higher than that of the offer.
In general, on domestic market of the U.S. dollar, as previously mentioned by IRBIS specialists, there is a nice opportunity for entering short positions. The start of the week showed that market is conservative and by the middle of the month it will tend to go down. However, dollar's reach of August minimum point yet gives rise to doubts.
By the day summary it can be assumed that market fixed its top on 148.5 and develops further drop. There was no feeling of market's reach of a bottom. Technical analysis retains 147.84 as a intermediate support level, occurrence of which opens a new potential target of 147.4.
[2003-09-08]