U.S. dollar market of Kazakhstan: day results
/IRBIS, October 23, 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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USD TOD USD TOD USD TOM
Main Additional Additional
Instrument (morning) (day) (evening)
KASE's session 10:15 - 11:00 ALT 11:30-15:30 14:00-18:00
----------------- ------------ ------------
Time -------- -------- ------ ----- ------ -----
Indicator value trend value trend value trend
---------------------- -------- -------- ------ ----- ------ -----
Opening rate 147.70 +0.20 148.08 +0.29 - -
---------------------- -------- -------- ------ ----- ------ -----
Maximum rate 148.40 +0.47 148.15 +0.06 - -
Volume on max. price 5 0 1200 +1150 0 0
---------------------- -------- -------- ------ ----- ------ -----
Minimum rate 147.70 +0.20 148.08 +0.32 - -
volume on min. price 5 0 300 -650 0 0
---------------------- -------- -------- ------ ----- ------ -----
Closing rate 148.05 +0.25 148.11 +0.06 - -
---------------------- -------- -------- ------ ----- ------ -----
Weight. aver. rate 148.01 +0.21 148.12 +0.26 - -
Volume of the session 43325 +29650 6415 -2085 0 0
Number of deals 119 -34 46 -2 0 0
Number of participants 19 0 18 +3 0 0
---------------------- -------- -------- ------ ----- ------ -----
Best ask* 148.04 +0.24 148.08 +0.08 - -
Best bid* 148.05 +0.24 148.11 +0.03 - -
---------------------- -------- -------- ------ ----- ------ -----
REUTERS Bid* 148.01 +0.11 148.06 0 148.02 -0.06
REUTERS Ask* 148.11 +0.11 148.16 0 148.12 -0.06
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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 ------------------------
Morning Day ------ ----- -----------
session: session: time (ALT):
------------ ------------ -----------
Price ------ -----
level volume deals volume deals volume deals from to
------ ------ ----- ------ ----- ------ ----- ----- -----
148.40 5 1 5 1 10:15 10:15
148.15 1200 9 1200 9 14:12 14:35
148.14 705 9 705 9 14:12 14:46
148.13 300 1 300 1 12:00 12:00
148.12 1715 12 1715 12 12:00 15:17
148.11 1045 5 1045 5 12:00 15:21
148.10 5 1 1150 9 1155 10 10:16 14:01
148.08 300 1 300 1 11:33 11:33
148.05 6415 20 6415 20 10:42 11:00
148.04 600 5 600 5 10:41 10:58
148.01 545 5 545 5 10:43 10:49
148.00 35750 86 35750 86 10:16 10:40
147.70 5 1 5 1 10:15 10:15
------ ------ ----- ------ ----- ------ ----- ----- -----
TOTAL 43325 119 6415 46 49740 165 10:15 15:21
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The day at Kazakhstan market of US dollar was marked with changes in conjecture in favor of the American currency. The growth of short-term liquidity of the banking sector, caused by the end of budget payments, led to more than twice increase of demand volume for USD, judging on results of exchange trades. By day results 17 participants of these trades comprised the group of net sellers of USD, while there were only 4 banks among net buyers. Several major banks, traditionally selling dollar, were working for currency purchase today.
As a result the positions of a dollar today by the results of morning session at the exchange strengthened substantially, and during day trades sellers managed to lift the market even higher. Along with objective demand from the side of importers, the speculative demand contributed to the rate increase. However, not all traders, which went bull in the morning, have closed out their positions. IRBIS analysts assess the volume of interest open for Friday in long positions as a significant one.
Nevertheless the dollar potential for further increase does not look promising. The national bank today was sterilizing of STB corresponding accounts and further rapid growth of the dollar rate will inevitably lead to market's overheat. Moreover, closing out of long positions by traders on Friday will stem the side of tenge. It is very likely that these circumstances are being tracked by traders, as in over-the-counter market dollar quotes fell by the close of a trading day and the market closed with daily decline. Only pre-holiday demand may support the dollar. However, as empirical evidence of the current year indicates this factor influences traders insignificantly.
The forecast by IRBIS for Friday - the growth of USD rate during a morning session up to the level achieved at day closure on Thursday with following stabilization and even compensative movement down.
[2003-10-23]