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Market and Company News
07.07.2004 16:13

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]