U.S. dollar market of Kazakhstan: day results

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, April 27, 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 138.22 +0.22 138.59 +0.32 - - ---------------------- -------- ------- ------ ----- ------ ----- Maximum rate 138.64 +0.33 138.64 +0.20 - - Volume on max. Price 2180 +2175 350 +50 0 -500 ---------------------- -------- ------- ------ ----- ------ ----- Minimum rate 138.20 +0.39 138.52 +0.27 - - volume on min. Price 5 0 150 -50 0 -500 ---------------------- -------- ------- ------ ----- ------ ----- Closing rate 138.61 +0.35 138.55 +0.11 - - ---------------------- -------- ------- ------ ----- ------ ----- Weight. aver. rate 138.52 +0.25 138.58 +0.24 - - Volume of the session 12410 +25 6210 +520 0 -500 Number of deals 121 -60 41 +7 0 -1 Number of participants 16 -1 17 +2 0 -2 ---------------------- -------- ------- ------ ----- ------ ----- Best ask* 138.60 +0.35 138.53 +0.13 - - Best bid* 138.64 +0.36 138.61 +0.15 - - ---------------------- -------- ------- ------ ----- ------ ----- REUTERS Bid* 138.56 +0.30 138.47 +0.14 138.48 +0.08 REUTERS Ask* 138.66 +0.30 138.57 +0.14 138.58 +0.08 ----------------------------------------------------------------------- * 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 ------ ------ ----- ------ ----- ------- ----- ----- ----- 138.64 2180 18 350 3 2530 21 10:58 14:16 138.63 200 2 200 2 10:57 10:59 138.62 600 2 300 1 900 3 10:56 12:19 138.61 100 1 750 5 850 6 10:59 14:28 138.60 1155 7 1155 7 10:49 10:55 138.60 375 3 375 3 14:28 15:15 138.59 30 4 1100 6 1130 10 10:54 15:08 138.58 710 7 710 7 11:35 15:17 138.57 600 2 600 2 15:07 15:17 138.56 10 1 100 1 110 2 10:55 14:50 138.55 3000 6 900 4 3900 10 10:49 15:29 138.54 5 1 575 7 580 8 10:48 15:29 138.53 5 1 300 1 305 2 10:48 15:21 138.52 150 1 150 1 15:26 15:26 138.51 500 3 500 3 10:47 10:47 138.50 225 5 225 5 10:15 10:47 138.49 105 3 105 3 10:45 10:47 138.48 150 2 150 2 10:43 10:44 138.46 160 2 160 2 10:42 10:42 138.45 520 3 520 3 10:15 10:42 138.44 105 2 105 2 10:15 10:35 138.43 100 2 100 2 10:35 10:35 138.40 2640 42 2640 42 10:24 10:31 138.39 210 5 210 5 10:24 10:29 138.38 400 7 400 7 10:22 10:29 138.22 5 1 5 1 10:15 10:15 138.20 5 1 5 1 10:15 10:15 ------ ------ ----- ------ ----- ------- ----- ----- ----- TOTAL 12410 121 6210 41 18620 162 10:15 15:29 ------------------------------------------------------------------ Parameters of unsatisfied demand and supply at trading system of KASE for the last 5 days (the amount of valid bids by the time of morning and day trades closed, th. USD) ---------------------------------------------------------------------- Indicator Apr 21, 04 Apr 22, 04 Apr 23, 04 Apr 26, 04 Apr 27, 04 ---------- ---------- ---------- ---------- ---------- ---------- Bid 3,820 2,960 3,950 2,500 2,690 Ask 6,595 3,825 3,370 3,160 4,265 ---------- ---------- ---------- ---------- ---------- ---------- Difference +2,775 +865 -580 +660 +1,575 ---------------------------------------------------------------------- Corrective movement of dollar developed today even further thanks to locally high demand on the part of second tier banks, improving tenge liquidity of banks, moderate volume of USD offer by leading sellers, speculative intentions of traders and USD buyers' willing o purchase greenback at existing prices. The market became very thin in the afternoon. It consolidated at earlier achieved levels and was vulnerable to any changes in USD offer volumes. As closing quotes indicated, the dollar failed to strengthen its positions. It worth noting that some fundamental factors do favor tenge appreciation. It allows assuming that current readjustment course is about to finish. The latter statement can be inferred from closing pararmeters of the day and international bonds floatation by ATFBank JSC for $100 m. IRBIS forecast for Wednesday: positioned trades, it is also possible that tenge will appreciate. Rate's fall and rise are equally likely scenarios. [2004-04-27]