U.S. dollar market of Kazakhstan: day results
/IRBIS, Andrey Tsalyuk, Sergey Yakovlev, August 31, 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 136.53 -0.10 136.44 -0.18 - -
---------------------- -------- ------- ------ ----- ------ -----
Maximum rate 136.56 -0.10 136.47 -0.23 - -
Volume on max. Price 760 +755 300 +100 0 0
---------------------- -------- ------- ------ ----- ------ -----
Minimum rate 136.47 -0.11 136.29 -0.32 - -
volume on min. Price 2150 +2140 300 -350 0 0
---------------------- -------- ------- ------ ----- ------ -----
Closing rate 136.47 -0.13 136.35 -0.31 - -
---------------------- -------- ------- ------ ----- ------ -----
Weight. aver. rate 136.51 -0.10 136.38 -0.28 - -
Volume of the session 9395 -1310 15720 +4425 0 0
Number of deals 133 -6 80 +14 0 0
Number of participants 17 0 16 +2 1 -2
---------------------- -------- ------- ------ ----- ------ -----
Best ask* 136.46 -0.13 136.35 -0.29 136.20 -0.37
Best bid* 136.47 -0.13 136.36 -0.32 136.30 -0.36
---------------------- -------- ------- ------ ----- ------ -----
REUTERS Bid* 136.42 -0.14 136.22 -0.37 136.23 -0.36
REUTERS Ask* 136.47 -0.19 136.32 -0.33 136.28 -0.36
-----------------------------------------------------------------------
* 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
------ ------ ----- ------ ----- ------- ----- ----- -----
136.56 760 7 760 7 10:24 10:26
136.55 250 4 250 4 10:24 10:27
136.54 155 4 155 4 10:23 10:28
136.53 1190 15 1190 15 10:18 10:44
136.52 1745 28 1745 28 10:21 10:50
136.51 700 14 700 14 10:30 10:53
136.50 950 12 950 12 10:30 10:53
136.49 295 18 295 18 10:32 10:53
136.48 1200 12 1200 12 10:53 10:58
136.47 2150 19 300 1 2450 20 10:54 12:10
136.46 300 1 300 1 12:13 12:13
136.45 300 1 300 1 12:27 12:27
136.44 1780 7 1780 7 11:35 12:40
136.43 800 3 800 3 12:10 12:54
136.42 1000 4 1000 4 12:10 12:56
136.41 1300 5 1300 5 11:53 12:35
136.40 1500 5 1500 5 11:57 12:56
136.39 700 4 700 4 12:07 14:20
136.38 1200 6 1200 6 11:57 15:03
136.37 500 3 500 3 13:24 15:02
136.36 900 7 900 7 11:59 15:22
136.35 2250 12 2250 12 11:59 15:29
136.34 750 8 750 8 14:22 15:23
136.33 740 4 740 4 15:23 15:23
136.32 300 3 300 3 15:25 15:26
136.31 600 3 600 3 14:22 14:22
136.30 200 2 200 2 14:22 14:25
136.29 300 1 300 1 14:23 14:23
------ ------ ----- ------ ----- ------- ----- ----- -----
TOTAL 9395 133 15720 80 25115 213 10:18 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 Aug 24, 04 Aug 25, 04 Aug 26, 04 Aug 27, 04 Aug 31, 04 ---------- ---------- ---------- ---------- ---------- ---------- Bid 6,270 3,810 3,700 3,650 10,035 Ask 2,560 7,685 4,955 4,705 2,450 ---------- ---------- ---------- ---------- ---------- ---------- Difference -3,710 +3,875 +1,255 +1,055 -7,585 ----------------------------------------------------------------------
Dollar market appeared to be reluctant on demand side and turned its pace down at growing supply. The latter factor was decisive. Demand for short tenge is high considering overnight repo rates. Besides, the National Bank offered to investors notes. All this affected reluctance of dollar buyers.
At the same time market conditions are unchanged. Clearly, dollar rate will fall on Wednesday yet no pronounced tenge strengthening to be forecasted.
Technical data suggested that market closed at compensational setback from resistance level of sub-horizontal price interval. In short term it allows to forecast tenge strengthening even to 136.10 with consecutive setback to the support level. If this suggestion is true weekly closing level will be at 137.63 resistance level. In other case, dollar rate will stabilize at main support level of 135.00.
Day results suggest that market is still dependant from supply level. The market avoids testing resistance and support levels of 2-month sub- horizontal price interval.
[2004-08-31]