U.S. dollar market of Kazakhstan: day results

/IRBIS, October 29, 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 147.75 -0.05 148.03 +0.03 - - ---------------------- -------- ------- ------ ----- ------ ----- Maximum rate 148.29 +0.09 148.06 -0.04 - - Volume on max. price 5 0 550 +150 0 0 ---------------------- -------- ------- ------ ----- ------ ----- Minimum rate 147.75 -0.05 147.91 -0.07 - - volume on min. price 5 0 550 +50 0 0 ---------------------- -------- ------- ------ ----- ------ ----- Closing rate 148.00 -0.02 147.91 -0.07 - - ---------------------- -------- ------- ------ ----- ------ ----- Weight. aver. rate 148.11 +0.06 147.99 -0.05 - - Volume of the session 19210 +11970 6950 -1760 0 0 Number of deals 133 +45 39 -39 0 0 Number of participants 18 +1 12 -3 0 0 ---------------------- -------- ------- ------ ----- ------ ----- Best ask* 148.01 0 147.90 -0.06 - - Best bid* 148.06 +0.02 147.96 -0.06 - - ---------------------- -------- ------- ------ ----- ------ ----- REUTERS Bid* 147.94 -0.01 147.84 -0.10 147.88 -0.04 REUTERS Ask* 148.04 -0.01 147.94 -0.08 147.98 -0.04 ----------------------------------------------------------------------- * 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 ------ ------ ----- ------ ----- ------- ----- ----- ----- 148.29 5 1 5 1 10:24 10:24 148.18 1550 7 1550 7 10:39 10:41 148.16 300 4 300 4 10:41 10:41 148.15 6000 27 6000 27 10:38 10:44 148.14 300 4 300 4 10:45 10:45 148.13 1050 5 1050 5 10:37 10:46 148.12 1900 12 1900 12 10:36 10:53 148.11 160 4 160 4 10:47 10:55 148.10 305 6 305 6 10:15 10:55 148.09 2055 10 2055 10 10:34 10:56 148.08 420 5 420 5 10:33 10:57 148.07 365 5 365 5 10:33 10:57 148.06 325 6 550 6 875 12 10:33 12:26 148.05 850 9 500 1 1350 10 10:24 12:26 148.04 1000 1 300 1 1300 2 10:59 12:12 148.03 250 4 600 2 850 6 10:23 15:09 148.02 400 4 300 1 700 5 10:58 14:11 148.01 340 5 340 5 10:59 10:59 148.00 1630 13 350 2 1980 15 10:16 14:37 147.99 200 3 200 3 15:17 15:17 147.98 350 2 350 2 15:17 15:18 147.97 650 6 650 6 15:18 15:24 147.96 1050 5 1050 5 15:20 15:29 147.95 1550 8 1550 8 15:20 15:25 147.91 550 2 550 2 15:29 15:29 147.75 5 1 5 1 10:15 10:15 ------ ------ ----- ------ ----- ------- ----- ----- ----- TOTAL 19210 133 6950 39 26160 172 10:15 15:29 ------------------------------------------------------------------ Tha day at Kazakhstan market of US dollar looked similar to previous day did not bring anything new. The market conjecture remains the same and in IRBIS specialists' opinions is formed by objective parity between demand for dollar and its supply. This circumstance predetermines market's development within flank trend and impossibility to give dollar rate's dynamics a stable and lop sided increasing and decreasing tendency. At the same time, during the whole week traders tested ups and downs of price range, within limits of which the change in rate does not cause active intervening of central bank, and try to speculate using certain price amplitude. Daily rate fluctuations of American currency depend mostly on interest opened either up or down. To all appearances, exporters are also participating in this game by making use of USD rate increase to sell dollar at higher prices. This very circumstance explains the fact that the market less willingly goes up than down. Moreover, dollar support is influenced by objective demand from the side of importers, which increased slightly for several past months. As on Tuesday, today USD sellers managed to increase the dollar price only during the second half of the day. Following closing out of long positions and increasing supply of American currency from the side of exporters disabled to fix prices above 148.00. at final stage of exchange additional trade the market literally fell down to 147.91 due to weak demand and buyers' pertinacity. Over-the-counter evening market supported this movement by closing with significant daily change. 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 22, 03 Oct 23, 03 Oct 24, 03 Oct 28, 03 Oct 29, 03 ---------- ---------- ---------- ---------- ---------- ---------- Supply 6,785 3,450 16,970 13,190 16,320 Demand 7,800 7,770 14,130 11,470 10,320 ---------- ---------- ---------- ---------- ---------- ---------- Difference +1,015 +4,320 -2,840 -1,720 -6,000 ---------------------------------------------------------------------- Forecast by IRBIS for Thursday - trades will proceed slightly below or at 148.00. However, there is no impression of strong tenge potential to increase yet. The peculiarity of the Wednesday is that leading operators work both for buying and selling, and achievement of the highest for the past recent days monopolization degree of supply. The participant forming it can change his position under condition of falling USD rate, what will lead to another market's turn towards upward direction. [2003-10-29]