Conjuncture of dollar market at KASE remains unchanged

/IRBIS, October 29, 03/ - Today the next morning trades in U.S. dollar were held at Kazakhstan Stock Exchange (KASE) on TOD payment terms. Below are main parameters of the trade and comparison with corresponding indicators of previous morning session. Table of trade results (tenge per dollar, th. dollars) --------------------------------------------------------------------- Indicator Value Trend ---------------------------------------------------- ------ ------- Rate of the first deal 147.75 -0.05 Maximum rate 148.29 +0.09 Volume at maximum price 5 0 Minimum rate 147.75 -0.05 Volume at minimum price 5 0 Rate of the last deal 148.00 -0.02 ---------------------------------------------------- ------ ------- Weighted average rate 148.11 +0.06 Volume of the session 19,210 +11,970 ---------------------------------------------------- ------ ------- Number of deals 133 +45 Number of participants 18 +1 Volume of unsatisfactory offer* 4,920 +2,980 Volume of unsatisfactory demand* 1,120 -950 Best demand at KASE at closing 148.01 0 Best offer at KASE at closing 148.06 +0.02 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 147.94 -0.01 Best offer at 11:00 at stock exchange (REUTERS) 148.04 -0.01 --------------------------------------------------------------------- *volume of corresponding active bids in the trade system at closing of the trade Table of trade price levels --------------------------------------- Time (ALT) Price Volume, Number ------------ level m. USD of deals from to ------ ------- -------- ----- ----- 148.29 5 1 10:24 10:24 148.18 1,550 7 10:39 10:41 148.16 300 4 10:41 10:41 148.15 6,000 27 10:38 10:44 148.14 300 4 10:45 10:45 148.13 1,050 5 10:37 10:46 148.12 1,900 12 10:36 10:53 148.11 160 4 10:47 10:55 148.10 305 6 10:15 10:55 148.09 2,055 10 10:34 10:56 148.08 420 5 10:33 10:57 148.07 365 5 10:33 10:57 148.06 325 6 10:33 10:58 148.05 850 9 10:24 10:58 148.04 1,000 1 10:59 10:59 148.03 250 4 10:23 10:59 148.02 400 4 10:58 10:59 148.01 340 5 10:59 10:59 148.00 1,630 13 10:16 10:59 147.75 5 1 10:15 10:15 ------ ------- -------- ----- ----- TOTAL 19,210 133 10:15 10:59 --------------------------------------- Relative to previous day the market has not changed greatly because it goes on developing within the framework of the so-called side trend. The changes concern mainly the volume of demand, which was stated by second tier banks. It significantly grew that let separate traders finish closing of long positions, which had been opened last week. In the opinion of analysts of IRBIS, precisely this factor did not let USD significantly strengthen its positions today before the noon. In the first half of the active phase sellers took initiative, and they managed to bring the market to 148.19. However afterwards the big offer volume turned the market, and by the end of the session it consolidated at 148.00. Peculiarity of the trade is the high degree of offer monopolization, and also the work of several traditional sellers of USD among net-purchasers. The latter circumstance strengthens impression, which was formed after the trade, that dollar market is ready for the next movement upward, having started from "zeroes", using the high short-term liquidity of the banking sector and absence of the significant offer of exporters' currency proceeds at KASE. Specialists of IRBIS do not exclude that traders, who were "pulling down the market " during last two days now may change their positions and buy dollar. One hour after closing of the morning session out of stock exchange dollar was quoted at KZT147.97/148.07, two hours later quotations did not change. At the day trades of KASE at 1:00 p.m. dollar was quoted at 148.00/06, the last deal was made at 148.05. [2003-10-29]