In July of 2004 volume of CS purchase and sale deals at KASE rose by 9.3% to $153.8 m.

/IRBIS, Ranida Gabdeyeva, Andrey Tsalyuk, August 11, 04/ - In July of 2004 at the Kazakhstan Stock Exchange (KASE) 508 deals were made in corporate securities (CS) in all sectors of the market (excluding repo- transactions sector) for a total of KZT20,857.3 m. or $153.8 m. at current rate of KASE effective on the day the deals were made. The stated sum is 3.4% of monthly exchange turnover. In comparison with June of 2004 volume of transactions increased by $13.1 m. (KZT1.2 bn.) or by 9.3% (by 8.8% in terms of tenge). Relative to July of 2003 volume of transactions rose by $113.6 m. (KZT15.0 bn.) or 3.8 times (3.5 times in terms of tenge). Structure of CS turnover at KASE in July is presented in the following way: 23.1% ($35,580.9 th.) of conducted deals fell to the stake of primary offerings; stake of purchase and sale sector was 76.9% ($118,177.1 th.). In SBS sector no deals were made. Structure of exchange's CS market in June of 2004 was as follows: the stake of primary offerings was 3.2% of transactions volume ($4,500.7 th.), purchase and sale sector - 96.8% ($136,169.5 th.). Judging on the shown data it's seen that growth of CS turnover at KASE in July relative to previous month occurred because of primary offerings. During the month first issue bonds of Food contract corporation JSC (PRKRb1, 55.2% of primary CS market's turnover at KASE), sixth issue bonds of Kazakhstan Mortgage Company JSC (KZIKb6, 20.9%), fourth issue bonds of Halyk savings bank of Kazakhstan JSC (HSBKb4, 13.8%) and common shares of Valut-tranzit Bank OJSC (VTBN, 10.0%) were sold at primary offerings at KASE. Such the high activity of the primary market of KASE is the peculiarity of the period. In this year monthly turnover of IPO was never so high at KASE. Non-attractiveness of government securities market and the big volume of free tenge on correspondent accounts of stock market's participants predetermined the high demand for instruments offered by issuers and provided their floatation. The secondary share market was not notable. Volume of transactions fell by 20.3% or by $15.0 m. Shares of MINERAL OJSC were among favorites, trades in them were opened in June. Weighted average day rate of 7 shares out of 25 ones involved into deals grew, 9 - fell, rate of 8 securities did not change, and there was nothing to compare price of MNRL with. Weighted average day rate of following securities grew most of all in July at KASE: common shares of Corporation Ordabasy JSC" (ORDB, +93.4%), privileged shares of Almaty Kus OJSC (ALKSp, +30.0%) and privileged shares of Mangistaumunaigas OJSC (MMGZp, +29.6%); Weighted average day rate of following securities fell most of all: common shares of Bayan-Sulu JSC (BSUL, -88.9%), Halyk savings bank of Kazakhstan JSC (HSBK, -32.7%) and Ust-Kamenogorsk titanium-magnesium combine JSC (UTMK, -26.0%). Index KASE_Shares grew in July by 2.3% mainly due to growth of demand price for common shares of Almaty Kus OJSC (by 25.0%), Valut-tranzit-Bank OJSC (by 18.8%), Astana-finance JSC (by 10.0%), and for privileged shares of Bank TuranAlem JSC (by 10.5%). The secondary corporate bond market in July showed the considerable deals volume ($59,039.7 th.) and falling of this indicator relative to previous month by 4.7% or by $2,944.1 th. More than 26% of bond turnover fell to the stake of HSBKb4. It's not excluded that most volume of deals in these securities in KASE's purchase and sale sector was the volume of non-declared primary floatation. Other bonds were traded without pronounced favorites of the market. It's necessary to mark the increased volume of transactions in the second issue instruments of Karazhanbasmunai OJSC (KARMb2, 6.5% of secondary bond turnover in July), Tsesnabank JSC of the first issue (TSBNb1, 6.3%) and RG Brands JSC of the third issue (RGBRb3, 5.7%). Weighted average day price of 15 bonds out of 38 ones involved into deals grew, of 15 - fell, it was impossible to calculate price variation of 8 instruments because first deals in them were made in July. Judging on behavior of the indexed of KASE_B* series (last table), yield of corporate bonds went on fluent falling in the analyzed month that was caused by predominant growth of prices and quotations of demand, and also by inclusion of new less profitable securities into representative lists for indexes calculation. As the whole July's CS market at KASE did not show anything new except the high issuing activity of issuers and willingness of KASE members to buy them at public offerings. Following are the tables, which show stock exchange's CS market in July of 2004. Change of the lists of KASE securities in July of 2004 (by the end of month, change for the month) -------------------------------------------------------- Shares: Bonds: Issuers: Category of ------ ----- ------ ----- ------ ----- admission number trend number trend number trend ----------- ------ ----- ------ ----- ------ ----- A 41 +1 72 -1 49 -1 B 33 0 7 -1 31 -1 ----------- ------ ----- ------ ----- ------ ----- A+B 74 +1 79 -2 78 -2 ----------- ------ ----- ------ ----- ------ ----- N 2 -5 0 0 2 -2 ----------- ------ ----- ------ ----- ------ ----- TOTAL 76 -4 79 -2 78 -4 -------------------------------------------------------- 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 July 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 % % -------- ---------------------------------- --------- -------- ------ -------- ------- HSBKb4 Halyk savings bank of Kazakhstan JSC 20,549.7 2,794.3 5 13.4 - PRKRb1 Food contract corporation JSC 19,655.2 2,665.1 7 12.8 +0.6 VTBN VALUT-TRANZIT BANK OJSC 12,304.3 1,667.9 54 8.0 +8.8 KZIKb6 Kazakhstan Mortgage Company JSC 9,697.5 1,313.1 8 6.3 - CCBN Bank CenterCredit JSC 9,632.0 1,302.9 27 6.3 +21.6 MNRL MINERAL OJSC 6,776.5 917.0 1 4.4 - VTBNp VALUT-TRANZIT BANK OJSC 6,234.7 845.6 67 4.1 0 BTAS Bank TuranAlem JSC 5,562.1 757.5 6 3.6 -4.6 VTZL Kazyuvelirprom JSC 4,775.9 648.2 53 3.1 0 KARMb2 Karazhanbasmunai OJSC 3,837.2 522.8 5 2.5 +2.1 TSBNb1 Tsesnabank JSC 3,704.1 503.0 3 2.4 - KZMS Corporation Kazakhmys JSC 3,624.7 491.4 20 2.4 -16.7 RGBRb3 RG Brands JSC 3,370.3 456.3 11 2.2 +0.04 KZTCb1 KazTransCom OJSC 2,807.0 379.9 4 1.8 +1.3 ALKS Almaty Kus OJSC 2,737.0 372.2 29 1.8 +25.0 ORDB Corporation Ordabasy JSC 2,360.6 319.4 6 1.5 +93.4 NRBNb3 Nurbank OJSC 2,320.7 316.3 4 1.5 , KZIKb4 Kazakhstan Mortgage Company JSC 2,194.0 297.5 4 1.4 -12.2 TEBN Temirbank JSC 2,079.2 283.3 9 1.4 -10.4 NRBNb1 Nurbank OJSC 2,020.4 274.8 1 1.3 -1.9 CSBNb4 BANK CASPIAN JSC 2,005.8 271.6 2 1.3 +0.5 CHFMb1 Chimfarm JSC 1,924.9 260.7 2 1.3 -3.6 KZALb1 Mining and smelting concern Kazakhaltyn JSC 1,870.3 253.0 1 1.2 - ORDBp Corporation Ordabasy JSC 1,864.3 252.4 10 1.2 -1.5 NRBNb2 Nurbank OJSC 1,859.0 251.5 1 1.2 -3.3 CCBNb3 Bank CenterCredit JSC 1,816.9 246.3 5 1.2 -0.9 ZERD Zerde OJCS 1,634.5 221.8 34 1.1 -10.9 CSBNb3 BANK CASPIAN JSC 1,570.4 212.4 4 1.0 -3.1 ALKSp Almaty Kus OJSC 1,297.1 176.6 13 0.8 +30.0 TXBNb2 TEXAKABANK OJSC 1,274.5 172.7 13 0.8 +1.4 HSBKb3 Halyk savings bank of Kazakhstan JSC 1,268.5 172.1 2 0.8 +1.0 MREKb1 Mangistau distributing electricity network company OJSC 1,181.5 160.5 5 0.8 +1.2 CCBNb2 Bank CenterCredit JSC 1,092.0 147.9 3 0.7 +3.9 ATFBp ATFBank JSC 957.6 130.0 8 0.6 +28.0 ARNAb1 ARNA OJSC 887.0 120.3 5 0.6 +1.0 ASFIb4 Astana-Finance JSC 745.5 100.9 1 0.5 - ASFIb2 Astana-Finance JSC 719.3 97.4 12 0.5 -1.1 UKPFb1 UST-KAMENOGORSK BATTERY FARM OJSC 643.3 87.3 4 0.4 +2.3 UTMK Ust-Kamenogorsk titanium- magnesium combine JSC 625.8 85.1 2 0.4 -26.0 KKGBb3 Kazkommertsbank JSC 373.1 50.6 1 0.2 -0.2 KZIKb2 Kazakhstan Mortgage Company JSC 370.7 50.3 4 0.2 +2.6 BTASb2 Bank TuranAlem JSC 287.4 39.0 3 0.2 -5.7 ASBNb2 Alliance Bank JSC 227.6 30.8 1 0.1 +1.2 TEBNb3 Temirbank JSC 212.2 28.9 2 0.1 -1.8 BRKZb1 Development Bank of Kazakhstan JSC 203.6 27.6 1 0.1 -2.0 MMGZp Mangistaumunaigas OJSC 195.9 26.5 6 0.1 +29.6 KZIKb3 Kazakhstan Mortgage Company JSC 103.7 14.1 1 0.1 +0.8 ROSAb1 ROSA JSC 88.0 11.9 4 0.1 +2.2 UKTCb1 AES Ust-Kamenogorsk HS OJSC 56.2 7.6 1 0.04 -0.4 TXBNb1 TEXAKABANK OJSC 40.6 5.5 1 0.03 +1.1 KZTOe1 KazTransOil JSC 38.0 5.2 1 0.02 -0.6 KZTKp Kazakhtelecom JSC 33.6 4.6 3 0.02 -5.8 CSBNb2 BANK CASPIAN JSC 14.8 2.0 1 0.01 -2.8 ASBNb1 Alliance Bank JSC 9.8 1.3 1 0.01 -8.0 UTMKp Ust-Kamenogorsk titanium- magnesium combine JSC 6.7 0.9 2 0.004 0 RAHT Rakhat OJSC 3.7 0.5 1 0.002 0 BTASb4 Bank TuranAlem JSC 2.4 0.3 1 0.002 - ALKZp Aluminium of Kazakhstan JSC 2.3 0.3 8 0.002 0 BSUL Bayan-Sulu JSC 2.1 0.3 1 0.001 -88.9 CSBN BANK CASPIAN JSC 2.1 0.3 4 0.001 0 KZCRp TNC Kazchrome OJSC 0.9 0.1 3 0.001 0 HSBK Halyk savings bank of Kazakhstan JSC 0.8 0.1 3 0.001 -32.7 KZASb2 KOSTANAI MINERALS JSC 0.3 0.04 1 0.0002 - CSBNp BANK CASPIAN JSC 0.003 0.0004 2 0.000002 0 -------- ---------------------------------- --------- -------- ------ -------- ------- TOTAL 64 153,758.0 20,857.3 508 100.0 - -------------------------------------------------------------------------------------- Comments: 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 July 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 -------- ----------- -------- ----------- ----- ---------- --------- 30.06.04 3,271.9 192.5116 3,621.6 7.99 159.13 3,045.8 01.07.04 3,266.1 192.1701 3,656.7 8.02 158.96 24,131.7 02.07.04 3,458.2 191.5429 3,657.5 8.04 158.91 3,128.5 05.07.04 3,506.6 194.8675 3,653.0 7.97 159.40 6,538.6 06.07.04 3,518.6 194.8663 3,651.3 7.97 159.80 2,646.2 07.07.04 3,481.7 194.9486 3,652.7 7.97 159.51 8,894.9 08.07.04 3,449.0 196.8910 3,647.9 8.01 159.29 3,046.9 09.07.04 3,454.6 196.8224 3,648.3 7.98 159.54 8,076.0 12.07.04 3,313.3 197.2078 3,648.8 7.95 159.77 7,368.3 13.07.04 3,469.3 197.0494 3,619.7 7.96 159.75 4,469.1 14.07.04 3,259.4 197.0911 3,605.0 7.97 159.69 9,358.4 15.07.04 3,263.9 197.3051 3,604.2 7.95 159.88 7,996.3 16.07.04 3,313.1 197.0493 3,604.6 7.90 160.16 3,782.7 19.07.04 3,314.3 197.2778 3,605.1 7.80 160.90 158.6 20.07.04 3,273.2 197.5615 3,605.8 7.80 160.91 5,829.9 21.07.04 3,266.5 197.5129 3,607.1 7.83 160.76 2,984.7 22.07.04 3,192.9 197.5248 3,608.8 7.81 160.90 5,505.2 23.07.04 3,265.4 197.0295 3,607.7 7.81 160.97 15,120.3 26.07.04 3,318.4 195.7966 3,603.1 7.78 161.20 2,219.9 27.07.04 3,318.2 196.1963 3,600.6 7.80 161.15 6,832.5 28.07.04 3,308.7 196.4826 3,594.2 7.82 161.04 5,388.6 29.07.04 3,230.4 196.4825 3,596.6 7.84 160.91 7,980.8 30.07.04 3,350.2 196.8707 3,601.3 7.83 161.02 12,299.6 -------- ----------- -------- ----------- ----- ---------- --------- Trend +78.4 +4.3591 -20.4 -0.16 +1.89 +2.4% +2.3% -0.6% -2.0% +1.2% -------------------------------------------------------------------------- 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. [2004-08-11]