U.S. dollar market of Kazakhstan: day results

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, March 17, 04/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (over 99% of country's foreign exchange 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 trading 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 139.00 +0.20 139.49 +0.17 - - ---------------------- -------- ------- ------ ----- ------ ----- Maximum rate 139.63 +0.13 139.56 +0.16 - - Volume on max. Price 5 0 1600 +1500 0 0 ---------------------- -------- ------- ------ ----- ------ ----- Minimum rate 139.00 +0.20 139.46 +0.18 - - volume on min. Price 5 0 365 -135 0 0 ---------------------- -------- ------- ------ ----- ------ ----- Closing rate 139.56 +0.24 139.48 +0.17 - - ---------------------- -------- ------- ------ ----- ------ ----- Weight. aver. rate 139.47 +0.26 139.52 +0.19 - - Volume of the session 4895 -15570 7415 +2265 0 0 Number of deals 110 -48 112 +85 0 0 Number of participants 16 0 18 +6 0 0 ---------------------- -------- ------- ------ ----- ------ ----- Best ask* 139.55 +0.25 139.46 +0.14 - - Best bid* 139.57 +0.24 139.48 +0.14 - - ---------------------- -------- ------- ------ ----- ------ ----- REUTERS Bid* 139.50 +0.23 139.41 +0.15 139.40 +0.10 REUTERS Ask* 139.58 +0.21 139.50 +0.14 139.48 +0.13 ----------------------------------------------------------------------- * 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 ------ ------ ----- ------ ----- ------- ----- ----- ----- 139.63 5 1 5 1 10:54 10:54 139.60 570 22 570 22 10:37 10:57 139.57 195 8 195 8 10:46 10:58 139.56 940 12 1600 24 2540 36 10:43 14:53 139.55 345 8 200 3 545 11 10:37 14:21 139.54 30 3 350 3 380 6 10:36 14:20 139.53 10 1 455 10 465 11 10:36 14:55 139.52 20 2 2010 29 2030 31 10:36 15:11 139.51 450 5 450 5 12:30 15:14 139.50 95 4 830 21 925 25 10:15 15:15 139.49 10 1 910 5 920 6 10:34 15:16 139.48 30 1 245 6 275 7 10:33 15:29 139.47 60 3 60 3 10:31 10:31 139.46 160 4 365 6 525 10 10:30 15:29 139.45 290 8 290 8 10:27 10:30 139.40 1340 7 1340 7 10:15 10:26 139.39 20 2 20 2 10:25 10:25 139.38 110 5 110 5 10:23 10:24 139.37 30 3 30 3 10:23 10:23 139.36 25 3 25 3 10:23 10:23 139.35 215 3 215 3 10:21 10:22 139.34 80 2 80 2 10:21 10:21 139.33 100 2 100 2 10:20 10:20 139.32 60 2 60 2 10:17 10:20 139.30 150 2 150 2 10:17 10:17 139.00 5 1 5 1 10:15 10:15 ------ ------ ----- ------ ----- ------- ----- ----- ----- TOTAL 4895 110 7415 112 12310 222 10:15 15:29 ------------------------------------------------------------------ Parameters of unsatisfied demand and supply at trading system of KASE for the last 5 days (the amount of active bids by the time of morning and day trades closed, th. USD) ---------------------------------------------------------------------- Indicator Mar 11, 04 Mar 12, 04 Mar 15, 04 Mar 16, 04 Mar 17, 04 ---------- ---------- ---------- ---------- ---------- ---------- Bid 1,150 3,625 6,290 3,300 3,150 Ask 4,890 3,815 4,105 5,785 1,975 ---------- ---------- ---------- ---------- ---------- ---------- Difference +3,740 +190 -2,185 +2,485 -1,175 ---------------------------------------------------------------------- Dollar today continued appreciating against a background of its supply decrease and its speculative demand. As a result the market closely approached intermediate resistance 139.70, being unable to break it through. Main sellers' positions remain unchanged, as they are expecting currency inflow, attracted through issuance of euronotes and arrangement of syndicated loans. This circumstance does not allow predicting market's exit from horizontal price channel, where it is currently now. Any insignificant dollar supply rise may lead to market rollback down to 139 and even deeper. IRBIS forecast for Thursday: trades at levels achieved with insignificant change in rate in either direction. Mostly likely it would be 139.20 - 139.30. [2004-03-17]