In June of 2004 volume of CS purchase and sale deals at KASE fell by 49.0% to $140.7 m.

/IRBIS, Assel Omarova, Andrey Tsalyuk, July 7, 04/ - In June of 2004 at the Kazakhstan Stock Exchange (KASE) 427 deals were made in corporate securities (CS) in all sectors of the market (excluding repo-transactions sector) for a total of KZT19,179.1 m. or $140.7 m. at current rate of KASE effective on the day the deals were made. The stated sum takes only 2.3% out of monthly exchange turnover. In comparison with May of 2004 volume of transactions decreased by $135.1 m. (KZT18.5 bn.) or by 49.0% (by 49.1% in terms of tenge). Relative to June of 2003 volume of transactions rose by $94.8 m. (KZT12.4 bn.) or 3.1 times (2.8 times in terms of tenge). Structure of CS turnover at KASE in June is presented in the following way: 3.2% ($4,500.7 th.) of conducted deals fell to the stake of primary offerings; stake of purchase and sale sector was 96.8% ($136,169.5 th.). In SBS sector no deals were made. Structure of exchange's CS market in May of 2004 was close to it: the stake of primary offerings was 2.0% of transactions volume ($5,617.7 th.), purchase and sale sector - 98.0% ($270,142.4 th.). Despite the notable change of transactions volume in this sector of exchange's market, CS market is still active. As was said in previous month's review, the record high for this year CS turnover at KASE in May was caused by over-sale of the big packet of common shares of Corporation Kazakhmys JSC on May 20 at KASE. In June there were no big deals. However the unusual high share turnover in this month was supported by interesting deals in common shares of Halyk savings bank of Kazakhstan JSC (HSBK, June 29, 7 deals, 28.7% of announced number of bank's common shares) and Ust-Kamenogorsk titanium-magnesium combine JSC (UTMK, June 24, 1 deal, about 11% of announced number of voting shares). These deals were described in details in news of IRBIS, and their existence lets presume CS market at KASE attracts more and more attention of investors, including rather big shareholders. As the whole there were positive phenomena at KASE share market in June. Market's capitalization has grown by 3.6% or USD115.1 m., and index KASE_Shares - by 2.7% to 192.51. Growth of the latter thing caused growth of demand prices for common shares of KAZZINC JSC (by 42.9%), Ust- Kamenogorsk titanium-magnesium combine JSC (by 16.7%), Corporation Kazakhmys JSC (by 7.1%), Bank TuranAlem JSC (by 3.7%), Bank CenterCredit JSC (by 13.5%). Set of instruments offered by issuers at corporate bond market went on growing (tables below) despite regular securities repayments, and volume of deals in purchase and sale sector grew in comparison with May by 13.4%. At that, bonds yield in index expression has not changed as well as prices. Following are the tables, which show stock exchange's CS market in June of 2004. Change of the lists of KASE securities in June of 2004 (by the end of June, change for the month) -------------------------------------------------- Shares: Bonds: Issuers: Category of ------------ ------------ ------------ admission number trend number trend number trend ----------- ------ ----- ------ ----- ------ ----- A 40 +3 73 +8 50 +3 B 33 0 8 -1 32 -1 ----------- ------ ----- ------ ----- ------ ----- A+B 73 +3 81 +7 80 +2 ----------- ------ ----- ------ ----- ------ ----- N 7 0 0 0 4 0 ----------- ------ ----- ------ ----- ------ ----- TOTAL 80 +3 81 +7 82 +2 -------------------------------------------------- Notes: "A" - official "A" listing category; "B" - official "B" listing category; "A+B" - official list; "N" - "Non-listing securities" sector. Most tradable securities at KASE in June of 2004 (purchase and sale only, excluding deals in SBS and primary floatations) ------------------------------------------------------------------------------- Volume of deals: Code Brief --------- -------- Num- Market Price of name of th. m. ber of share, change, security issuer USD KZT deals % % -------- ----------------------------- --------- -------- ------ ------ ------- HSBK Halyk savings bank of Kazakhstan JSC 29,999.6 4,093.4 7 21.3 +48.5 KZTCb1 KazTransCom OJSC 8,835.9 1,205.4 19 6.3 -2.3 CCBN Bank CenterCredit JSC 8,028.5 1,094.5 22 5.7 -7.5 UTMK Ust-Kamenogorsk titanium- magnesium combine JSC 7,485.1 1,020.2 1 5.3 +7.6 CSBNb1 BANK CASPIAN JSC 6,952.9 948.0 4 4.9 -1.1 ATFBb2 ATFBank JSC 5,921.0 806.2 3 4.2 -1.9 VTBNp VALUT-TRANZIT BANK OJSC 5,167.8 704.3 40 3.7 -22.1 BTASp Bank TuranAlem JSC 4,703.0 640.6 3 3.3 - HSBKb3 Halyk savings bank of Kazakhstan JSC 3,915.5 534.5 3 2.8 +1.05 ALKS Almaty Kus OJSC 3,708.5 505.5 43 2.6 -1.89 RGBRb3 RG Brands JSC 3,073.8 419.5 13 2.2 -1.97 ATFBb3 ATFBank JSC 2,907.2 396.3 12 2.1 +0.98 PRKRb1 Food contract corporation JSC 2,639.6 360.1 2 1.9 +0.7 BRKZe1 Development Bank of Kazakhstan JSC 2,525.8 343.9 1 1.8 -1.7 KZMS Corporation Kazakhmys JSC 2,504.5 340.8 15 1.8 +7.1 CHFMb1 Chimfarm JSC 2,476.2 337.1 1 1.8 - TEBNb3 Temirbank JSC 2,269.5 309.0 1 1.6 +2.4 KZIKb3 Kazakhstan Mortgage Company JSC 2,243.5 305.5 3 1.6 +3.0 CSBNb4 BANK CASPIAN JSC 2,091.9 285.7 2 1.5 - KZIKb1 Kazakhstan Mortgage Company JSC 1,827.0 248.9 4 1.3 +0.5 KZIKb2 Kazakhstan Mortgage Company JSC 1,735.2 236.9 2 1.2 -4.2 VTBN VALUT-TRANZIT BANK OJSC 1,723.2 235.1 24 1.2 0 CCBNb3 Bank CenterCredit JSC 1,643.2 224.4 3 1.2 -0.7 BTASb3 Bank TuranAlem JSC 1,616.0 220.2 2 1.1 -4.1 MREKb1 Mangistau distributing electricity network company OJSC 1,596.4 217.8 9 1.1 +1.1 NRBNp6 Nurbank OJSC 1,543.4 210.0 2 1.1 +2.4 TEBN Temirbank JSC 1,500.1 204.3 13 1.1 -1.8 ALKSp3 Almaty Kus OJSC 1,473.8 200.6 4 1.0 0 TSBNp Tsesnabank JSC 1,467.5 200.0 1 1.0 - ASFIb3 Astana-finance JSC 1,436.5 195.8 4 1.0 -0.04 ORDBp Corporation Ordabasy JSC 1,417.7 193.0 3 1.0 -9.2 TEBNb2 Temirbank JSC 1,329.9 181.1 2 0.9 -0.8 HRLT CHARALTYN JSC 1,320.1 180.0 2 0.9 0 KARMb2 Karazhanbasmunai OJSC 1,196.9 163.2 3 0.9 +0.2 CSBNb2 BANK CASPIAN JSC 1,175.2 160.4 1 0.8 +3.3 ZERD Zerde OJSC 1,162.6 158.5 33 0.8 0 KZIKb4 Kazakhstan Mortgage Company JSC 1,138.2 155.2 6 0.8 +15.7 ASFIb2 Astana-finance JSC 977.5 133.4 10 0.7 +3.2 VTZL VALUT-TRANZIT ZOLOTO JSC 971.4 132.4 34 0.7 -19.2 ALKSp Almaty Kus OJSC 881.4 120.1 11 0.6 -21.3 EUBNb1 Eurasian bank JSC 685.1 93.6 1 0.5 -5.8 BRKZb1 Development Bank of Kazakhstan JSC 620.7 84.6 3 0.4 +3.1 ORDB Corporation Ordabasy JSC 504.6 68.7 4 0.4 -48.3 BTASb2 Bank TuranAlem JSC 492.1 67.1 2 0.3 +2.7 TXBNb2 TEXAKABANK OJSC 413.2 56.3 8 0.3 -3.8 ASBNb2 Alliance Bank JSC 235.0 32.1 1 0.2 +0.5 KZTOe1 KazTransOil JSC 222.9 30.4 1 0.2 -4.7 HSBKb Halyk savings bank of Kazakhstan JSC 169.1 23.0 1 0.1 -2.3 AMGZp CNPC - Aktobemunaigas OJSC 139.7 19.1 2 0.1 +892.0 ARNAb1 ARNA OJSC 132.3 18.1 3 0.1 +0.6 MMGZp Mangistaumunaigas OJSC 126.7 17.3 3 0.1 -22.9 NFBN Neftebank OJSC 113.5 15.5 1 0.1 +30.0 CSBNb3 BANK CASPIAN JSC 77.1 10.5 1 0.1 +0.7 VTZLp VALUT-TRANZIT ZOLOTO JSC 62.9 8.6 1 0.04 0 TMJLb2 National company Kazakstan temir zholy JSC 41.2 5.6 4 0.03 +2.3 KZCR TNC Kazchrome OJSC 18.9 2.6 1 0.01 -40.0 ALKZp Aluminium of Kazakhstan JSC 15.4 2.1 10 0.01 0 VTBNb1 VALUT-TRANZIT BANK OJSC 9.6 1.3 1 0.01 +1.8 CSBN BANK CASPIAN JSC 5.4 0.7 4 0.004 0 KZCRp TNC Kazchrome OJSC 1.0 0.1 5 0.001 0 CSBNp BANK CASPIAN JSC 0.2 0.03 2 0.0002 +2.3 -------- ----------------------------- --------- -------- ------ ------ ------- TOTAL 61 140,670.2 19,179.1 427 100.0 - ------------------------------------------------------------------------------- Comments: The securities were sorted in descending order based on the volumes of deals expressed in U.S. dollars. Small letters in the securities codes have the following meanings: "p" - preferred inscribed share; "b" - bond: "e" - eurobond; the rest - common inscribed share. The figure shows the number of the bond issue. If there is no figure (old code) it implies that it is the first issue. Table of main indicators of the stock exchange's CS market in June of 2004 -------------------------------------------------------------------- Capitaliza- Capitaliza- tion tion Bond value Volume of of the of the index, purchase share bonds Bonds including and sale market, Share market, yield accum deals, Date m. USD index m. USD index interest th. USD -------- ----------- -------- ----------- ----- ---------- --------- 31.05.04 3,156.8 187.4947 2,930.1 8.03 157.86 7,056.6 01.06.04 3,157.2 190.5528 2,933.5 8.02 158.05 617.4 02.06.04 3,108.4 190.3106 2,955.1 8.02 158.60 3,352.0 03.06.04 3,110.4 190.3196 2,954.6 8.06 157.87 1,382.2 04.06.04 3,172.6 192.9217 2,955.6 8.06 157.93 1,214.8 07.06.04 3,121.1 190.3823 2,957.9 8.05 158.04 4,466.8 08.06.04 3,156.1 191.1053 2,959.8 8.01 158.31 3,968.2 09.06.04 3,152.8 194.4074 3,011.6 8.01 158.34 6,538.9 10.06.04 3,156.5 194.6267 3,515.8 8.02 158.30 9,497.0 11.06.04 3,146.6 194.4245 3,516.3 8.01 158.42 5,362.4 14.06.04 3,151.0 191.3806 3,511.0 8.02 158.45 4,535.6 15.06.04 3,110.5 193.3815 3,510.3 8.08 158.15 6,737.4 16.06.04 3,160.4 194.1656 3,582.3 8.02 158.51 959.5 17.06.04 3,162.4 194.8515 3,590.5 7.95 158.96 6,689.3 18.06.04 3,163.0 191.6648 3,591.3 7.99 158.77 5,601.6 21.06.04 3,161.6 191.1567 3,587.8 8.01 158.73 3,347.7 22.06.04 3,161.1 191.4976 3,583.2 8.01 158.80 7,261.4 23.06.04 3,203.9 191.6544 3,582.7 8.00 158.91 3,313.4 24.06.04 3,210.4 191.3731 3,684.9 7.99 158.93 15,572.3 25.06.04 3,220.2 193.0004 3,708.8 8.01 158.83 5,069.1 28.06.04 3,218.5 191.8998 3,709.8 7.99 159.04 6,912.6 29.06.04 3,270.6 192.4110 3,610.6 7.99 159.07 35,221.0 30.06.04 3,271.9 192.5116 3,621.6 7.99 159.13 3,045.8 -------- ----------- -------- ----------- ----- ---------- --------- Trend +115.1 +5.0169 +691.5 -0.04 +1.27 +3.6% +2.7% +23.6% -0.5% +0.8% -------------------------------------------------------------------- Comments: The shares index (KASE_Shares) reflects the changes in the bids on the shares from the official Exchange's securities list of "A" category, including the market capitalization of their issuers. Capitalization of the bonds market - indicator that reflects the volume of corporate debt circulating on the KASE as the bonds of the companies. It is calculated on the basis of the number of issued bonds and the bonds admitted to the trades and their market values. In case of the absence of the last figure, face value is used instead. Capitalization of the shares market - indicator that reflects the market capitalization of the companies whose shares were entered into official list of the KASE securities. It is calculated on the basis of the number of issued shares and their last market values. In case of the absence of the deals the face values of the securities, expressed in U.S. dollars (if necessary) at the rate of the Exchange for the current day, are used. Bonds yield index (KASE_BY) - weighted average (through capitalization) yield of the corporate bonds of category "A" of the KASE official list, which is calculated based on the deals or average bids of the market-makers (if there is no deal). Index of bonds yield with accumulated interest (KASE_BP) - weighted average (through capitalization) "dirty" price of the corporate bonds of category "A" of the KASE official list, which is calculated based on the deals or average bids of the market-makers (if there is no deal). Purchase-sale deals volume includes the deals made in state blocks of shares and volume of primary floatations at KASE's specialized trades but it doesn't take into account repo transactions. [2004-07-07]