ANALYSIS: In March of 2005 volume of GS purchase and sale deals at KASE increased 20.3% to KZT53.1 bn
/IRBIS, Ranida Gabdeyeva, April 4, 05/ - In March of 2005 at Kazakhstan Stock Exchange (KASE) 275 deals were made in government securities (GS) purchase and sale sector for a total of KZT53,133.5 m. (equivalent of $404.5 m.) or 7.5% of total exchange's turnover of the month (in February - 5.8%). In comparison with February of 2005 the sector's turnover has increased 20.3% in tenge and 19.2% in dollar terms. Relative to March of 2004 the turnover has risen by 7.9% in tenge and 14.1% in dollar terms.
At primary market auction on MEKKAM-12 of 83th issue was held (KZK1KM120836, MKM012_0083, KZT100, KZT16,506.1 m; March 30, 05 - March 30, 06). Demand for those securities reached KZT26,473.7 m, having exceeded announced volume (KZT16.0 bn) by 165.5%. Subject of the auction was nominal value of bonds expressed in percents.
In sector of secondary market transactions 219 deals were made for a total of KZT37,133.5 m. Relative to February 2005 the sector's turnover increased 46.25% in tenge and 45.46% in dollar terms.
Statistical indicators of sale-purchase sector in March and turnover's structure are given in the table (in parentheses - comparable figures of the previous month).
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Yield to
maturity for the buyer, %APR
Days ---------------------------- Volume, m KZT Number
till maturity min max last WA at market price of deals
-------------- ---- ---- ---- ------------- ------------------- ---------
Discounted
GS (KZT): MEKKAM, National Bank's notes - 86.8% (70.5%) of the market
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less than 8 1.22 2.04 1.30 1.68 (1.60) 2,855.4 17
8 - 14 0.70 2.48 2.01 2.12 (1.90) 4,002.7 22
15 - 28 1.90 2.69 2.37 2.30 (2.23) 8,706.7 38
29 - 36 2.20 2.60 2.53 2.37 (2.46) 2,081.3 21
37 - 42 2.28 2.91 2.28 2.56 (1.98) 1,271.5 10
43 - 56 1.80 2.80 2.80 2.52 (2.46) 7,186.6 33
57 - 63 2.80 2.80 2.80 2.80 (2.58) 202.1 1
64 - 91 2.48 3.10 2.85 2.63 (2.85) 3,001.0 12
92 - 181 2.00 3.22 2.80 2.99 (3.13) 2,587.2 16
182 - 364 3.10 3.30 3.16 3.21 (3.40) 323.2 8
-------------- ---- ---- ---- ------------- ------------------- ---------
Total 32,217.7 (17,912.4) 178 (104)
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Coupon GS (KZT): MEOKAM - 13.2% (29.5%) of the market
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less than 730 2.40 3.85 2.85 3.11 (4.16) 264.4 8
731 - 1095 3.40 3.78 3.52 3.59 (4.37) 1,428.9 12
1096 - 1460 3.20 3.90 3.20 3.43 (4.95) 676.6 3
1461 - 1825 5.21 6.07 5.80 5.52 (5.29) 386.6 5
1826 - 2190 5.20 5.80 5.80 5.43 (5.68) 1,137.7 6
more than 2191 5.17 6.29 5.70 5.46 (5.78) 1,000.0 6
-------------- ---- ---- ---- ------------- ------------------- ---------
Total 4,894.3 (7,478.2) 40 (77)
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Euronotes of Kazakhstan (USD) - 0.06% ( -) of the market
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775 4.44 4.44 4.30 4.44 ( -) 21.4 1
-------------- ---- ---- ---- ------------- ------------------- ---------
Total 21.4 ( -) 1 ( -)
-------------- ---- ---- ---- ------------- ------------------- ---------
GRANDTOTAL 37,133.5 (25,390.6) 219 (181)
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Notes: for euronotes (* - fourth issue) volume of deals has been calculated at
weighted average USD/KZT rate of the Exchange.
In March 2005 stake of the exchange's turnover in total volume of purchase and sale deals made at Kazakhstan secondary GS market increased to 92.2%. In February it was 88.6%.
[2005-04-04]