U.S. dollar market of Kazakhstan: day results

/IRBIS, October 28, 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 ------------------------------------------------------------------ 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 147.80 +0.10 148.00 -0.08 - - ---------------------- --------- ------- ------ ----- ------ ----- Maximum rate 148.20 -0.20 148.10 +0.01 - - Volume on max. price 5 0 400 +100 0 0 ---------------------- --------- ------- ------ ----- ------ ----- Minimum rate 147.80 +0.10 147.98 +0.03 - - volume on min. price 5 0 500 +300 0 0 ---------------------- --------- ------- ------ ----- ------ ----- Closing rate 148.02 -0.08 147.98 -0.02 - - ---------------------- --------- ------- ------ ----- ------ ----- Weight. aver. rate 148.05 -0.13 148.04 0 - - Volume of the session 7240 -8430 8710 +3450 0 0 Number of deals 88 -26 78 +44 0 0 Number of participants 17 0 15 +1 0 0 ---------------------- --------- ------- ------ ----- ------ ----- Best ask* 148.01 -0.09 147.96 -0.01 - - Best bid* 148.04 -0.07 148.02 +0.02 - - ---------------------- --------- ------- ------ ----- ------ ----- REUTERS Bid* 147.95 -0.09 147.94 +0.01 147.92 -0.05 REUTERS Ask* 148.05 -0.09 148.02 -0.01 148.02 0 ------------------------------------------------------------------ * 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 --------------------------------------------------------- TOTAL BY RESULTS OF THE DAY: Morning Day ------------------------ session: session: time (ALT): Price ------------ ------------ ----------- level volume deals volume deals volume deals from to ------ ------ ----- ------ ----- ------ ----- ----- ----- 148.20 5 1 5 1 10:15 10:15 148.10 400 3 400 3 14:37 14:37 148.09 800 6 800 6 12:56 14:38 148.08 1015 12 300 2 1315 14 10:39 12:56 148.07 600 5 600 5 10:42 10:46 148.07 100 1 100 1 12:56 12:56 148.06 1510 19 200 3 1710 22 10:28 14:51 148.05 1070 13 2150 13 3220 26 10:48 15:03 148.04 900 12 1200 18 2100 30 10:48 14:54 148.03 655 8 70 1 725 9 10:49 15:10 148.02 300 5 1060 11 1360 16 10:50 15:23 148.01 430 4 780 6 1210 10 10:50 15:20 148.00 345 6 950 7 1295 13 10:15 15:29 147.99 405 2 200 3 605 5 10:20 15:29 147.98 500 4 500 4 15:29 15:30 147.80 5 1 5 1 10:15 10:15 ------ ------ ----- ------ ----- ------ ----- ----- ----- TOTAL 7240 88 8710 78 15950 166 10:15 15:30 --------------------------------------------------------- The day at Kazakhstan market of US dollar was characterized by persistent positioning game of American currency buyers and sellers. Anticipating unlikely further market's movement upward (at least certain), traders, who opened their long dollar positions last week, was striving for capitalization of exchange rate difference. However, relatively weak demand, as on Friday did not allow to realize it in full. The increase of supply led to rate's slipping down. Judging on exchange market, approximately until 2.00 p.m. ALT, USD sellers showed restraints, allowing gradual incremental inflows of dollars at KASE. It enabled to keep market by 5-8 points above 148.00. However, as evening was approaching dollars had to be sold, and price broke the nulls at representative volumes at final stage on an additional session at KASE. Judging on disposition of banks at the exchange, exporters orders formed the supply as well, because banks, serving this category of clients, acted today as main American currency suppliers. Parameters of unsatisfied demand and supply at trading system of KASE by days of the week (the amount of active bids by the time of morning and day trades closed, USD ths. ) ----------------------------------------------------------------- Indicator Oct 21, 03 Oct 22, 03 Oct 23, 03 Oct 24, 03 Oct 28, 03 ---------- ---------- ---------- ---------- ---------- ---------- Supply 11,600 6,785 3,450 16,970 13,190 Demand 12,965 7,800 7,770 14,130 11,470 ---------- ---------- ---------- ---------- ---------- ---------- Difference +1,365 +1,015 +4,320 -2,840 -1,720 ----------------------------------------------------------------- By day results it could be concluded that after all USD buyers managed to bear the initiative, and dollar market is somewhat bearish rather than bullish. It is evidenced by price parameters of market's closure in over-the-counter, price dynamics in the course of trades and the indicator of proportion between unsatisfied demand and supply volumes in trading system of KASE. Based on this, IRBIS analysts expect tenge appreciation relative to dollar on Wednesday. However, falling repo "overnight" rates and monthly rhythmic of the market do not allow considering an outlined tendency as a somewhat longer-term. The market still develops within flank trend and influenced by inconsistent dollar rate fluctuations, which can resume its appreciation in the threshold of new months. [2003-10-28]