U.S. dollar market of Kazakhstan: day results

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, March 29, 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 138.45 +0.15 138.68 +0.25 - - ---------------------- -------- -------- ------ ----- ------ ----- Maximum rate 138.74 -0.26 138.90 +0.35 - - Volume on max. Price 35 +30 100 -200 0 0 ---------------------- -------- -------- ------ ----- ------ ----- Minimum rate 138.40 +0.10 138.68 +0.25 - - volume on min. Price 5 0 400 +350 0 0 ---------------------- -------- -------- ------ ----- ------ ----- Closing rate 138.74 +0.31 138.90 +0.44 - - ---------------------- -------- -------- ------ ----- ------ ----- Weight. aver. rate 138.62 +0.21 138.78 +0.27 - - Volume of the session 10380 -26855 9040 +5125 0 0 Number of deals 207 +53 57 +25 0 0 Number of participants 17 -3 16 0 0 -2 ---------------------- -------- -------- ------ ----- ------ ----- Best ask* 138.71 +0.28 138.80 +0.34 - - Best bid* 138.74 +0.30 138.90 +0.39 - - ---------------------- -------- -------- ------ ----- ------ ----- REUTERS Bid* 138.65 +0.29 138.74 +0.25 138.69 +0.23 REUTERS Ask* 138.75 +0.29 138.84 +0.30 138.79 +0.28 ------------------------------------------------------------------ * 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 ------ ------ ----- ------ ----- ------ ----- ----- ----- 138.90 100 1 100 1 15:29 15:29 138.89 100 1 100 1 15:29 15:29 138.88 100 1 100 1 15:28 15:28 138.87 345 5 345 5 15:28 15:29 138.86 195 2 195 2 15:27 15:28 138.85 400 2 400 2 15:26 15:26 138.84 100 1 100 1 15:26 15:26 138.82 300 1 300 1 15:24 15:24 138.81 150 1 150 1 15:23 15:23 138.80 1300 9 1300 9 15:22 15:23 138.79 200 2 200 2 15:20 15:20 138.78 1600 10 1600 10 12:18 15:19 138.77 1100 5 1100 5 12:13 14:24 138.76 800 5 800 5 12:13 14:24 138.75 800 4 800 4 11:53 14:54 138.74 35 2 100 1 135 3 10:55 13:56 138.73 1695 34 350 2 2045 36 10:55 11:56 138.72 145 3 145 3 10:50 10:50 138.71 325 7 325 7 10:50 10:52 138.70 760 7 300 1 1060 8 10:45 11:35 138.69 190 3 300 1 490 4 10:45 11:35 138.68 700 3 400 2 1100 5 10:45 11:34 138.66 450 6 450 6 10:44 10:48 138.65 260 5 260 5 10:44 10:44 138.64 250 4 250 4 10:43 10:43 138.63 500 1 500 1 10:43 10:43 138.62 300 3 300 3 10:42 10:42 138.61 150 2 150 2 10:42 10:42 138.60 995 14 995 14 10:15 10:42 138.59 150 3 150 3 10:38 10:39 138.58 55 3 55 3 10:38 10:38 138.57 115 4 115 4 10:38 10:38 138.56 170 4 170 4 10:36 10:37 138.55 105 3 105 3 10:36 10:37 138.54 120 3 120 3 10:36 10:36 138.53 165 6 165 6 10:35 10:36 138.52 300 7 300 7 10:28 10:33 138.51 1000 28 1000 28 10:27 10:33 138.50 1435 50 1435 50 10:16 10:27 138.45 5 1 5 1 10:15 10:15 138.40 5 1 5 1 10:15 10:15 ------ ------ ----- ------ ----- ------ ----- ----- ----- TOTAL 10370 205 9040 57 19410 262 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 23, 04 Mar 24, 04 Mar 25, 04 Mar 26, 04 Mar 29, 04 ---------- ---------- ---------- ---------- ---------- ---------- Bid 4,760 3,140 13,210 4,215 3,345 Ask 3,965 2,985 5,700 8,365 3,600 ---------- ---------- ---------- ---------- ---------- ---------- Difference -795 -155 -7,510 +4,150 +255 ----------------------------------------------------------------- The day outlined another corrective movement up at Kazakhstan market of US dollar. Moderate volume of USD offering settle down the market rate at 138.90. In general, determinant factors that shaped market today include stable demand on the part of five participants, whose needs on net positions exceeded a million of dollars per each. Day results point at the fact that favorable conditions for dollar corrective movement development are emerging at market. The most interesting is that some USD traditional sellers supported such movement today. Results of technical analysis traced prices going up back to recently penetrated horizontal channel. The extend to which corrective movement will develop depends on psychological spirit of traders and degree of their speculative interest. If we consider changeless of factors influencing market and empirical evidence of previous readjustments, IRBIS analysts do not tend to overestimate the potential of the movement, because it seemed that market achieved its equilibrium already today, when day trades were approaching the end. IRBIS forecast for Tuesday: prices going up at 139.00. [2004-03-29]