MEAKAM at KASE do not fall in prices, but the volume of trades declined sharply

/IRBIS, December 19, 03/ - By results of trades in governmental securities at Kazakhstan Stock Exchange (KASE) on December 19 in sector of purchase and sale, a sharp decline in trades volume on MEAKAM (KZ6AK3112A74, KASE's code - MAM120.001; KZT1,000, KZT36,850.4 mn; January 5, 98 - December 31, 07, semiannual coupon 9.75%APR) was registered. Having average day volume of exchange trades in these bonds in December at KZT2,367.3 mn level, the volume of a single deal did not exceed KZT4,677,675.29 today. Deal was characterized by price of KZT1,169.42 per security (net price - 112.2138% of face value) and yield-to-maturity of 6.26%APR for purchaser (under normal maturity, but not advanced repayment as the Ministry of finance intends to do currently). Against a background of average daily indicator of MEAKAM's yield at secondary market of KASE, registered in December (6.10%APR), price parameters looks quite traditionally. On all exchange's deals of December MEAKAM's yield to maturity for investor varied 5.80% APR (December 12) to 7.69%APR (December 13). The largest volume of transaction - KZT3,658.1 mn - was conducted on December 11, the lowest - December 13 (KZT110.1 mn) and December 19 (KZT4.7 mn). [2003-12-19]