/IRBIS, Nataliya Khoroshevskaya, November 29, 04/ - Today at Kazakhstan Stock Exchange (KASE) 114 deals were concluded at the repo floors (including automatic repo sector) for a total amount of KZT23,423.1 m. Results of trades are given in the table. Repo opening transactions, which are made only through open-trade method, are marked with asterisk.

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                               Repo rate, % APR
                   ----------------------------
Type of   Calendar             weighted average   Volume
repo        terms,            -----------------      KZT   Number
deal          days  min   max nominal effective       m. of deals
--------- -------- ---- ----- ------- --------- -------- --------
Open             1 0.25 11.00    0.72      0.73 10,095.3       28
Open             2 4.56  4.56    4.56      4.67    115.0        2
Open*            7 0.20  9.00    0.67      0.69    130.5        2
Open*           28 2.35  9.06    6.96      7.23    302.9        4
Open            30 8.00 13.00    9.00      9.39     55.0        3
--------- -------- ---- ----- ------- --------- -------- --------
Subtotal:                                       10,698.8       39
--------- -------- ---- ----- ------- --------- -------- --------
Close            1 1.14  1.14    1.14      1.15     23.0        1
Close            3 0.10 11.00    0.76      0.77 10,224.7       42
Close            4 0.41  0.60    0.51      0.51    198.0        2
Close            7 1.00  1.00    1.00      1.00    809.2        3
Close           12 6.14  7.02    6.46      6.67     72.9        2
Close           14 1.80  1.80    1.80      1.82    100.1        1
Close           19 0.53  0.53    0.53      0.53      0.9        1
Close           26 2.80  7.02    5.43      5.59     71.4        3
Close           28 2.30 10.00    3.65      3.75    787.2       12
Close           32 9.01  9.50    9.26      9.66     60.5        2
Close           33 8.00 13.00    8.92      9.29    180.4        4
Close           38 7.71  7.71    7.71      7.98     69.6        1
Close           48 6.26  6.26    6.26      6.43    126.5        1
--------- -------- ---- ----- ------- --------- -------- --------
Subtotal:                                       12,724.3       75
--------- -------- ---- ----- ------- --------- -------- --------
TOTAL:                                          23,423.1      114
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By open trades method (in automatic repo sector) volume of 80 deals totaled KZT20,850.1 m. including 27 (KZT9,129.0 m.) repo opening deals and 53 repo closing (KZT11,721.1 m.). Indicator TONIA according to trades' results totaled 0.69% APR and increased compared to last trading day by 0.03%.

Dynamics of repo rates (repo opening. comparable terms) is best described by following indicators:

--------------------------------------------
Term calendar       Today Previous day
         days rate, % APR  rate, % APR Trend
------------- ----------- ------------ -----
       7 days        0.67         5.99 -5.32
      28 days        6.96         7.86 -0.90
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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: -52.1% (KZT-1,898.0 m.), 6 participants.

Second tier banks (STB):

• KZT+8,259.5 m. (borrowing, 6 banks), KZT-8,214.1 m. (lending, 4 banks);
• in the sector of direct transactions on GS - KZT-866.6 m., at the open trade market of GS (auto repo sector) KZT+910.0 m. in the sector of GS repo KZT+2.0 m;
• resulting balance was KZT+45.4 m. (on previous day it was equal to KZT+4,022.0 m.).

National Bank today did not change its participation stake on repo market solely working as borrower. Counterparts of National Bank on deals were STB and their clients. Repo overnight was used as liquidity regulation tool.

[2004-11-29]