Dollar's rate at KASE has fallen because of small volume in accordance withj weak demand
/IRBIS, November 17, 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 146.70 -0.30 Maximum rate 147.20 -0.10 Volume at maximum price 5 0 Minimum rate 146.50 -0.50 Volume at minimum price 5 0 Rate of the last deal 146.68 -0.44 ---------------------------------------------------- ------ ------ Weighted average rate 146.64 -0.47 Volume of the session 4440 -10865 ---------------------------------------------------- ------ ------ Number of deals 66 -60 Number of participants 16 0 Volume of unsatisfactory offer* 5,230 +1,430 Volume of unsatisfactory demand* 5,165 -280 Best demand at KASE at closing 146.65 -0.46 Best offer at KASE at closing 146.69 -0.44 ---------------------------------------------------- ------ ------ Best demand at 11:00 out of stock exchange (REUTERS) 146.59 -0.51 Best offer at 11:00 at stock exchange (REUTERS) 146.69 -0.51 --------------------------------------------------------------------
*volume of corresponding active bids in the trade system at closing of the trade
Table of trade price levels
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Time (ALT)
Price Volume, Number ------------
level m. USD of deals from to
------ ------- -------- ----- -----
147.20 5 1 10:15 10:15
146.95 5 1 10:15 10:15
146.90 5 1 10:17 10:17
146.85 5 1 10:21 10:21
146.81 20 3 10:22 10:26
146.80 100 1 10:26 10:26
146.79 10 1 10:27 10:27
146.77 10 1 10:28 10:28
146.75 30 3 10:28 10:28
146.70 5 1 10:15 10:15
146.69 200 4 10:59 10:59
146.68 400 3 10:59 10:59
146.67 200 2 10:59 10:59
146.65 500 3 10:58 10:58
146.64 500 3 10:41 10:58
146.63 525 5 10:52 10:54
146.61 480 9 10:37 10:47
146.60 1435 22 10:37 10:44
146.50 5 1 10:28 10:28
------ ------- -------- ----- -----
TOTAL 4440 66 10:15 10:59
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The trades were alike with yesterday's strengthening of tenge. Demand for USD was unusually low today. As the result even rather small volume of bids for USD sale resulted in low opening of the market and lower level of parity. Only by the end of the trade USD sellers managed to take initiative from buyers and raise the market higher by several points.
Results of the session are interesting first of all with small volume of dollar offer. Having met buyers' incompliance and weak demand the sellers preferred to keep from big operations. Analysts of IRBIS consider this fact as the proof that the market continues to fall mainly because of psychological factor, but not because of objective need of banks and their clients in tenge. The pronounced raise of the market, which, in all probability, has started already, may become the result of it.
One hour after closing of the morning session out of stock exchange dollar was quoted at KZT146.64/74, two hours later - 146.70/80. At the day trades of KASE at 1:00 p.m. dollar was quoted at 146.76/83, the last deal was made at 146.80.
[2003-11-17]