Repo at KASE: day results
/IRBIS, Natalya Kuznetsova, September 29, 04/ - Today at Kazakhstan Stock Exchange (KASE) 120 deals were concluded at the repo floors (including automatic repo sector) for a total amount of KZT 17,147.3 m. Results of trades are given in the table. Repo opening transactions, which are made only through open-trade method, are marked with asterisk.
--------------------------------------------------------------------------
Repo rate, % APR
--------------------------------
Type of Calendar weighted average Volume
Repo terms, ------------------ KZT Number
Deal Days min max nominal effective m of deals
--------- -------- ----- ----- ------- --------- --------- --------
Open 1 0.05 1.60 1.38 1.39 7,182.50 33
Open* 2 1.50 1.50 1.50 1.51 340.00 3
Open* 5 1.60 1.60 1.60 1.61 200.00 1
Open* 7 1.50 2.50 1.94 1.96 359.00 4
Open* 14 1.20 2.50 1.49 1.50 477.00 3
Open 28 10.00 10.00 10.00 10.47 40.00 1
Open 29 8.00 9.06 8.67 9.02 69.99 3
Open 30 7.98 9.98 8.39 8.73 9.72 2
Open 91 11.49 11.49 11.49 12.00 100.00 1
Open 100 13.14 13.14 13.14 13.72 3.90 1
--------- -------- ----- ----- ------- --------- --------- --------
Subtotal: 8,782.12 52
--------- -------- ----- ----- ------- --------- --------- --------
Close 1 0.80 1.90 1.48 1.49 6,888.28 43
Close 7 2.50 3.00 2.68 2.72 654.34 7
Close 14 2.80 2.85 2.81 2.85 150.16 4
Close 16 6.84 6.99 6.91 7.14 37.11 2
Close 28 2.00 10.00 4.86 5.03 461.71 7
Close 29 8.00 13.02 11.21 11.82 173.53 5
--------- -------- ----- ----- ------- --------- --------- --------
Subtotal: 8,365.13 68
--------- -------- ----- ----- ------- --------- --------- --------
TOTAL: 17,147.25 120
--------------------------------------------------------------------------
By open trades method (in automatic repo sector) volume of 98 deals totaled KZT 16,258.3 m including 42 (KZT 8,455.0 m) repo opening deals and 56 repo closing (KZT 7,803.3 m). Indicator TONIA according to trades' results totaled 1.39% APR and decreased by 0.10 relative to previous day.
Dynamics of repo rates (repo opening. comparable terms) is bets described by following indicators:
-----------------------------------------------
Term calendar Today Previous day
days. rate. % APR rate. % APR Trend
------------- ----------- ------------ -----
1 day 1.38 1.48 -0.10
2 days 1.50 1.83 -0.33
7 days 1.94 2.33 -0.39
14 days 1.49 3.87 -2.38
-----------------------------------------------
Positions of major categories of participants in the market of repo were as follows (based on net positions of opening transactions; in volumes "+" - borrowing. "-" - lending; trends in percents relative to previous trading day).
Pension system entities: +65.7% (KZT -3,289.0 m), 7 participants.
Second tier banks (STB):
- KZT +7,642.5 m (borrowing, 9 banks), KZT -5,079.5 m (lending, 5 banks);
- in direct GS repo sector - net position of banks was zero (gross - KZT 199.0 m), at the open trade market of GS (auto repo sector) KZT +2,567.0 m;
- resulting balance was KZT +2,563.0 m (on previous day it was equal to KZT +855.0 m).
National Bank unchanged its participation stake solely working as borrower. Its counterparts on deals included commercial banks and their clients. Overnight repurchase agreement was used as liquidity regulation tool.
[2004-09-29]