The high speculative demand supported dollar at KASE
/IRBIS, Sergey Yakovlev, May 11, 05/ - Today the next morning trades in U.S. dollar were held at Kazakhstan stock exchange (KASE) on TOD payment terms. Below are main parameters of the trade and comparison with corresponding indicators of previous morning session.
Table of trade results (tenge per dollar, th. dollars)
--------------------------------------------------------------------- Indicator Value Trend ---------------------------------------------------- ------ ------- Rate of the first deal 130.50 -0.05 Maximum rate 130.90 +0.20 Volume at maximum price 5 -195 Minimum rate 130.50 0 Volume at minimum price 10 -90 Rate of the last deal 130.68 +0.08 ---------------------------------------------------- ------ ------- Weighted average rate 130.64 +0.02 Volume of the session 36,030 +31,080 ---------------------------------------------------- ------ ------- Number of deals 184 +141 Number of participants 16 -2 Volume of unsatisfied offer* 4,355 +1,235 Volume of unsatisfied demand* 12,215 +9,115 Best demand at KASE at closing 130.66 +0.07 Best offer at KASE at closing 130.69 +0.09 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 130.65 +0.14 Best offer at 11:00 at stock exchange (REUTERS) 130.72 +0.13 --------------------------------------------------------------------- * volume of corresponding active bids of STB in the trade system at closing of the trade
Table of trade price levels
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Time (ALT)
Price Volume, Number ------------
level th. USD of deals from to
------ ------- -------- ----- -----
130.90 5 1 10:15 10:15
130.73 1600 20 10:22 10:27
130.72 700 4 10:20 10:21
130.71 100 1 10:27 10:27
130.70 300 4 10:18 10:28
130.68 1100 4 10:17 10:59
130.67 1500 9 10:28 10:59
130.66 3810 25 10:34 10:46
130.65 12795 70 10:28 10:51
130.64 3100 15 10:46 10:49
130.63 3000 1 10:32 10:32
130.62 500 1 10:28 10:28
130.60 1445 6 10:28 10:30
130.59 2300 7 10:28 10:30
130.58 3665 13 10:28 10:30
130.56 100 1 10:28 10:28
130.50 10 2 10:15 10:15
------ ------- -------- ----- -----
TOTAL 36030 184 10:15 10:59
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Conjuncture of the morning market considerably differed from previous one. Today almost all second tier banks were actively buying dollar. Only three traders were only selling dollar. Over 55% of USD offer fell to the stake of one of them. Due to his actions balance between demand and offer was achieved in the second half of the session at KZT130.65 per dollar. During the initial phase of the trade the rate was higher.
Today speculative component in traders' behavior was present on the market.
Judging on results of the session one can assume that growth of USD offer was the major reason of traders' activity in dollar purchase because the main tendency goes on developing.
One hour after closing of the morning session out of stock exchange dollar was quoted at KZT130.71/78, one hour and a half later - 130.68/78. At the day trades of KASE at 12:30 p.m. dollar was quoted at 130.72/75, the last deal was made at 130.75.
[2005-05-11]