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Market and Company News
09.02.2006 20:16

ANALYSIS: In January 2006 KASE's repo sector was characterized with increased volatility of rates

/IRBIS, Assel Omarova, Andrey Tsalyuk, February 9, 06/ - In January 2006 Kazakhstan stock exchange (KASE) recorded 2,947 deals in the repo transactions sector for a total of KZT796.2 bn. or USD5,990.8 m. at the current rate effective on deals making dates. This is 72.9% of total turnover of KASE in this month (in December of 2005 - 65.5%).

In comparison with December 2005 volume of transactions has grown by KZT146.0 bn. ($1,132.7 m.) or by 22.5% (by 23.3% in dollar terms). Relative to January 2005 volume of transactions has grown by KZT157.4 bn. ($1,080.8 m.) or by 24.6% (by 22.0% in dollar terms).

Structure of repo market turnover on KASE in January was as follows:

  • the stake of automatic repo transactions was 93.9% of the sector's turnover (KZT747.3 bn.), including deals in government securities (GS) - 84.4% (KZT672.1 bn.), deals in corporate securities (CS) - 9.4% (KZT75.2 bn.);
  • the stake of repo transactions made by direct deals method, was 6.1% of the sector's turnover (KZT48.9 bn.), including deals in GS - 2.1% (KZT16.4 bn.), deals in CS - 4.1% (KZT32.5 bn.).

For comparison, structure of stock exchange's repo market in December 2005 was as follows: autorepo - 89.9% (GS - 78.5%; CS - 11.3%); repo by direct method - 10.1% (GS - 0.6%; CS - 9.6%).

Stake of exchange turnover in total volume of repo deals on Kazakhstan market in January 2006 totaled 98.5%, in December - 98.5%.

January in stock exchange market differed from December with more high activity, which IRBIS analysts connect with heterogeneous short term liquidity. TONIA indicator (average weighted repo "overnight" rate in the market of KASE automatic repo on GS) was characterized with very high volatility. Day values of indicator varied in January from 0.4 to 5.6% APR, reaching half year maximum. Owing to this average weighted value of indicator in a month grew in January to 2.21% APR from 1.29% APR in December.

IRBIS specialists explain increased demand of the market's subject in tenge with budget payments by the year results. This demand was felt to a greater extent in US dollar Kazakhstan market, where dollar rapidly lost points owing to very big volume of its offer.

In the rest repo market made usual impression. After some change of structure of its turnover at the end of passed year (owing to temporary increase of interest of participants to repo operations with CS) all returned to usual frames.

The tables below characterize KASE's repo sector in January 2006 on opening transactions in tenge (stake of the market in headings of tables is given in accordance with the actual volume of transactions, including repo opening and closing deals).

Automatic repo in GS - 84.4% of the market

---------------------------------------------------------------------------
                                 Repo rate, % APR
Instrument  -------------------------------------   Volume,   Num- Stake of
(currency,  on first mini- maxi- on last weighted        m. ber of  market,
term, days)     deal   mum   mum    deal  average       KZT  deals        %
----------- -------- ----- ----- ------- -------- --------- ------ --------
KZT_000         1.00  1.00  1.00    1.00     1.00     500.0      1     0.15
KZT_001         3.00  0.20  8.00    0.80     2.21 253,140.3    887    73.73
KZT_002         1.00  1.00  4.00    1.74     1.92  11,965.0     15     3.48
KZT_003         0.90  0.90  4.00    1.00     2.76  13,398.0     19     3.90
KZT_007         3.00  1.50  8.00    5.00     3.21  36,713.0     91    10.69
KZT_014         2.50  2.00  3.00    2.25     2.41  10,858.0     37     3.16
KZT_028         2.40  2.25  3.00    2.35     2.52  16,773.0     59     4.89
----------- -------- ----- ----- ------- -------- --------- ------ --------
TOTAL                                             343,347.3  1,109      100
---------------------------------------------------------------------------

Automatic repo in CS - 9.4% of the market

--------------------------------------------------------------------------
                                 Repo rate, % APR
Instrument  -------------------------------------  Volume,   Num- Stake of
(security,  on first mini- maxi- on last weighted       m. ber of  market,
term, days)     deal   mum   mum    deal  average      KZT  deals        %
----------- -------- ----- ----- ------- -------- -------- ------ --------
ASBNb3_001      6.85  6.85  6.85    6.85     6.85    200.0      2     0.50
ASBNb3_007                                   4.75    166.0      1     0.42
ASFIb5_028      8.00  8.00  8.00    8.00     8.00    650.0      2     1.64
ASFIb7_001      5.15  5.15  6.30    5.75     5.66    900.0      4     2.27
ASFIb7_003      5.80  5.80  5.80    5.80     5.80    400.0      3     1.01
ASFIb7_030                                   8.00    600.0      1     1.51
ATFBb3_001      0.50  0.50  3.00    3.00     1.75     10.0      2     0.03
ATFBb4_001      3.00  3.00  5.00    5.00     4.38    440.0      4     1.11
ATFBb4_003      7.00  4.50  7.00    4.50     5.22    380.0      4     0.96
ATFBb4_030                                   8.50    215.0      1     0.54
BTAIb6_003                                   4.50    100.0      1     0.25
BTAIb7_007                                   5.50    250.0      1     0.63
BTAS_030        7.50  7.00  7.50    7.00     7.11 19,050.5     22    48.01
BTASb1_028      7.10  7.10  7.10    7.10     7.10    880.0      2     2.22
BTASb2_028      7.10  7.10  7.10    7.10     7.10    700.0      2     1.76
BTASb4_030                                   7.10    400.0      1     1.01
BTASb5_001                                   5.00    200.0      1     0.50
BTASb5_003                                   7.00    500.0      1     1.26
CCBN_001        9.00  9.00  9.00    9.00     9.00  3,720.0      5     9.37
CCBNb11_007                                  8.00    130.0      1     0.33
CSBNb4_001      4.00  4.00  4.00    4.00     4.00     91.0      2     0.23
CSBNb5_001                                   4.00     30.0      1     0.08
CSBNb5_007      5.00  5.00  5.40    5.40     5.16    250.0      2     0.63
CSBNb6_001                                   4.00     40.0      1     0.10
CSBNb6_003      4.50  4.00  4.50    4.00     4.25    189.0      2     0.48
CSBNb6_007      5.00  5.00  5.00    5.00     5.00    188.0      2     0.47
CSBNb6_030                                   8.00     39.0      1     0.10
HSBKb_028       6.20  6.20  6.35    6.35     6.25    100.0      2     0.25
HSBKb3_001      3.00  3.00  3.20    3.20     3.08     80.0      2     0.20
HSBKb3_014                                   5.00    240.0      1     0.60
HSBKb9_014      6.00  6.00  6.00    6.00     6.00    500.0      2     1.26
KKGBb2_028      7.10  6.00  7.10    6.00     6.47    750.1      2     1.89
KKGBp_001       4.00  4.00  4.00    4.00     4.00    145.0      2     0.37
KZIKb13001                                   3.00  1,000.0      1     2.52
KZIKb13014                                   5.00  1,100.0      1     2.77
KZIKb5_014                                   5.00    100.0      1     0.25
KZTCb1_028                                   6.50     72.0      1     0.18
KZTK_001        3.00  3.00  4.00    4.00     3.71     70.0      2     0.18
KZTK_007                                     8.75  1,000.0      1     2.52
NFBN_001                                     4.55    100.0      1     0.25
NRBNb2_028                                   7.00     40.0      1     0.10
NRBNp6_003      5.75  5.75  5.80    5.80     5.78    403.0      8     1.02
ORDB_028                                     6.20     70.0      1     0.18
PRKRb1_007                                   5.75     25.0      1     0.06
ROSA_030                                    11.00    241.0      1     0.61
ROSA_360                                    10.00    249.0      1     0.63
TEBNp_001                                    5.50     37.0      1     0.09
TEBNp_014                                    6.10     37.0      1     0.09
TSBNb1_028                                   7.80     79.0      1     0.20
TXBNb1_014      5.90  5.90  5.90    5.90     5.90     68.0      2     0.17
TXBNb2_028                                   7.50     59.0      1     0.15
TXBNb3_007      5.00  5.00  6.25    6.25     6.15    272.0      2     0.69
UTMK_001        9.00  9.00  9.00    9.00     9.00    474.0      2     1.19
UTMK_007        9.00  9.00  9.00    9.00     9.00    474.0      2     1.19
UTMK_028        9.00  9.00  9.00    9.00     9.00    474.0      2     1.19
VTBN_007        8.00  7.50 12.00   12.00     9.76    330.0      7     0.83
VTBN_014        8.00  8.00  8.00    8.00     8.00    129.0      2     0.33
ZIG_b1_028                                   7.50    244.0      1     0.61
----------- -------- ----- ----- ------- -------- -------- ------ --------
TOTAL                                             39,680.8    128      100
--------------------------------------------------------------------------

Repo on direct deals in GS - 2.1% of the market

------------------------------------------------------------------------------
                                  Repo rate, % APR
Term of  -----------------------------------------   Volume,    Num-  Stake of
 repo,   on first  mini-  maxi-  on last  weighted        m.  ber of   market,
 days        deal    mum    mum     deal   average       KZT   deals         %
-------  --------  -----  -----  -------  --------  --------  ------  --------
1            1.50   0.35   2.40     0.35      1.07   1,070.0      11      7.91
2            1.00   0.50   1.49     1.49      0.69   6,050.0       7     44.71
3            0.50   0.50   2.00     1.50      1.09     700.0       7      5.17
4            1.15   1.15   1.15     1.15      1.15     100.0       1      0.74
5            1.10   1.10   4.00     4.00      2.26     500.0       5      3.69
7            5.00   5.00   5.00     5.00      5.00   4,851.7       3     35.85
21           3.50   3.50   3.50     3.50      3.50     118.0       1      0.87
24           3.00   3.00   3.00     3.00      3.00     102.7       2      0.76
32           3.10   3.10   3.10     3.10      3.10      40.0       1      0.30
-------  --------  -----  -----  -------  --------  --------  ------  --------
TOTAL                                               13,532.4      38       100
------------------------------------------------------------------------------

Repo on direct deals in CS - 4.1% of the market

------------------------------------------------------------------------------
                                  Repo rate, % APR
Subject   Term of  -----  -----  -------  --------   Volume,    Num-  Stake of
of          repo,  mini-  maxi-  on last  weighted        m.  ber of   market,
repo         days    mum    mum     deal   average       KZT   deals         %
--------  -------  -----  -----  -------  --------  --------  ------  --------
ALKS           15                             7.21      30.5       1      0.19
               29                             8.39      10.0       1      0.06
               31                            10.60       1.1       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                41.6       3      0.27
--------  -------  -----  -----  -------  --------  --------  ------  --------
ALKSb2         31                            10.00       0.3       1     0.002
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASBNb1         31                            10.05       0.2       1     0.001
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASBNb3          1                             3.65     200.0       1      1.28
                8                             4.50     512.1       1      3.27
               90                             4.00     515.2       1      3.29
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,227.3       3      7.84
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASBNb4          7   4.50   4.70     4.70      4.61     235.0       2      1.50
               14                             5.10     135.0       1      0.86
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               370.0       3      2.36
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASFI           31                             8.00      18.0       1      0.11
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASFIb5         28                             8.25      18.0       1      0.11
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASFIb7          6                             9.00      23.5       1      0.15
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBb3          1                             3.54      15.5       1      0.10
                3                             3.58       5.1       1      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                20.6       2      0.13
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBb4          7   5.00   5.50     5.50      5.28     448.0       2      2.86
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBb5          1                             5.31     110.0       1      0.70
               21                             7.50     230.9       1      1.47
               30                             7.20     150.0       1      0.96
              150                             8.56      19.9       1      0.13
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               510.8       4      3.26
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBp          30                            12.00       6.1       1      0.04
               31                             7.50       6.7       1      0.04
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                12.7       2      0.08
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBp8         28   5.01   5.01     5.01      5.01     212.0       4      1.35
               31                             8.00      18.6       1      0.12
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               230.6     5.0      1.47
--------  -------  -----  -----  -------  --------  --------  ------  --------
AZNO           32                             8.00     295.0       1      1.88
               92                            11.50      73.0       1      0.47
              253                             9.00     236.2       1      1.51
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               604.2       3      3.86
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTAIb5          7                             5.50     192.0       1      1.23
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTAIb6         14                             5.50     130.0       1      0.83
               32                             7.00     370.0       1      2.36
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               500.0       2      3.19
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTAS            3   1.50   1.50     1.50      1.50     172.5       3      1.10
               31                            10.00       4.0       1      0.03
               59                             7.00       0.5       1     0.003
               60   7.00   7.00     7.00      7.00       1.1       2      0.01
              181   8.00  10.00    10.00      8.75       1.9       2      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               180.0       9      1.15
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTASb4          1   4.20   5.00     4.20      4.57     650.0       2      4.15
                3                             4.00     150.0       1      0.96
                4                             4.00     100.0       1      0.64
                6   4.50   6.00     6.00      4.75     446.1       2      2.85
                7   4.50   5.00     4.50      4.63     748.0       6      4.78
               13                             5.20     300.0       1      1.92
               14                             5.10     250.0       1      1.60
               30                             6.50       9.6       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             2,653.7      15     16.95
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTASb5          4                             5.80     300.0       1      1.92
                6                             6.00     906.6       1      5.79
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,206.6       2      7.71
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTASp           1                            20.00       1.0       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
CCBN            7                            10.04       1.5       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
CCBNb11         1                             5.51       2.2       1      0.01
                2   8.01   8.01     8.01      8.01     190.9       4      1.22
               31                             6.00       6.8       1      0.04
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               199.9       6      1.28
--------  -------  -----  -----  -------  --------  --------  ------  --------
CCBNb7          1                             3.00     100.0       1      0.64
--------  -------  -----  -----  -------  --------  --------  ------  --------
CCBNp           1                             3.65       0.7       1     0.004
              181                             5.01       2.5       1      0.02
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                 3.2       2      0.02
--------  -------  -----  -----  -------  --------  --------  ------  --------
CSBNb4          7                             4.70     200.0       1      1.28
               14                             5.10     200.0       1      1.28
               90                             4.00     485.1       1      3.10
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               885.1       3      5.65
--------  -------  -----  -----  -------  --------  --------  ------  --------
CSBNb6          4                             5.50      60.1       1      0.38
               31   9.00  10.50     9.00      9.09      10.8       3      0.07
--------  -------  -----  -----  -------  --------  --------  ------  --------
Итого                                                   70.9       4      0.45
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBK            6                             2.63       4.1       1      0.03
               29                             7.99      20.0       1      0.13
               56                            12.03       1.1       1      0.01
              151                             8.00      19.9       1      0.13
              365                            10.00     170.0       1      1.09
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               215.1       5      1.37
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBKb          29   8.50   9.50     8.50      8.86      64.8       2      0.41
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBKb2          3                             3.50       3.0       1      0.02
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBKb9         14   7.00   7.50     7.00      7.27     553.5       2      3.54
               19   7.00   7.00     7.00      7.00     531.5       2      3.39
               21                             7.50     300.1       1      1.92
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,385.1       5      8.85
--------  -------  -----  -----  -------  --------  --------  ------  --------
KARMb2          4                             3.00       5.0       1      0.03
               29                             3.00      65.6       1      0.42
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                70.6       2      0.45
--------  -------  -----  -----  -------  --------  --------  ------  --------
KKAGb1         26                             5.01     140.0       1      0.89
--------  -------  -----  -----  -------  --------  --------  ------  --------
KKGB           11                             3.96       1.0       1      0.01
              181                            10.00       0.7       1     0.005
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                 1.7     2.0      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZIKb13         1                             7.01     105.8       1      0.68
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZIKb4         17                             2.15       1.5       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZIKb5         31                             2.94       1.6       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZIKb6         31                             4.48     200.0       1      1.28
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZNHb2          7                             4.69      48.0       1      0.31
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZPSb1         31                            10.00       0.3       1     0.002
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZTK            6                             6.00     118.2       1      0.75
               31   6.50   7.50     6.50      6.93     130.1       6      0.83
               32                             7.00       1.3       1      0.01
               59                            10.00       5.0       1      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               254.6       9      1.63
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZTKp          28                            12.00      14.0       1      0.09
KZZN            7                             6.01       3.0       1      0.02
               56                            12.00       6.2       1      0.04
               59                            10.00       5.0       1      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                14.1       3      0.09
--------  -------  -----  -----  -------  --------  --------  ------  --------
MMGZp          29                             8.50      25.0       1      0.16
--------  -------  -----  -----  -------  --------  --------  ------  --------
NFBN            6                             5.99     201.8       1      1.29
               14                             7.01       7.5       1      0.05
               24   7.49   7.49     7.49      7.49     102.7       2      0.66
               30                             9.50      10.0       1      0.06
               31   8.00   9.00     9.00      8.42     119.0       2      0.76
               90                            10.00      25.0       1      0.16
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               466.0       8      2.98
--------  -------  -----  -----  -------  --------  --------  ------  --------
NRBNb4          7                             7.00     150.0       1      0.96
               14                             5.00     300.0       1      1.92
               24                             5.20     310.0       1      1.98
               28                             8.00     400.0       1      2.56
               29                            10.00      20.0       1      0.13
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,180.0       5      7.54
--------  -------  -----  -----  -------  --------  --------  ------  --------
NRBNp6          5                             5.50      44.0       1      0.28
               31                             9.50       5.0       1      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                49.0       2      0.31
--------  -------  -----  -----  -------  --------  --------  ------  --------
ORDB            6                             9.00     100.8       1      0.64
               12                             4.50      30.8       1      0.20
               30                             9.00       7.1       1      0.05
               31   7.00  10.50     9.50      9.85      29.6       4      0.19
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               168.2       7      1.07
--------  -------  -----  -----  -------  --------  --------  ------  --------
ORDBp           7                            11.00      90.0       1      0.57
--------  -------  -----  -----  -------  --------  --------  ------  --------
ORNK           24                            11.70      27.0       1      0.17
               28                            10.26     101.6       1      0.65
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               128.6       2      0.82
--------  -------  -----  -----  -------  --------  --------  ------  --------
ORNKb1         15                             8.00      13.0       1      0.08
               29                            10.00      32.0       1      0.20
               31                            10.00      32.0       1      0.20
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                77.0       3      0.49
--------  -------  -----  -----  -------  --------  --------  ------  --------
RGBRb3          6                             6.48       7.0       1      0.04
                7                             6.42       3.6       1      0.02
               21                             7.59     118.0       1      0.75
               22                             5.31      17.0       1      0.11
               28                             7.87      70.0       1      0.45
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               215.6       5      1.38
--------  -------  -----  -----  -------  --------  --------  ------  --------
ROSAb1         31                             9.00      19.4       1      0.12
--------  -------  -----  -----  -------  --------  --------  ------  --------
TEBN           31                            10.50      24.6       1      0.16
--------  -------  -----  -----  -------  --------  --------  ------  --------
TEBNp          13   8.00  11.50     9.00      8.98      79.1       4      0.51
               21                            10.51      24.5       1      0.16
               29   8.00  10.00     8.00      8.91      38.2       2      0.24
               31  10.00  10.51    10.00     10.49     159.4       2      1.02
              144                             8.50      14.6       1      0.09
              146                            10.94       9.9       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               325.8      11      2.08
--------  -------  -----  -----  -------  --------  --------  ------  --------
TSBNb1         31                             9.54       5.0       1      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
TXBNb2          6                             6.33      31.7       1      0.20
               31                             9.97       0.5       1     0.003
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                32.2       2      0.21
--------  -------  -----  -----  -------  --------  --------  ------  --------
TXBNb3         14                             7.56       7.5       1      0.05
               31                             6.00       1.2       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                 8.7       2      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
UTMK           24                             5.00       1.4       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBN            8                             4.52       4.5       1      0.03
               14                             7.27      15.0       1      0.10
               16                             5.06      41.0       1      0.26
               28                             8.51      20.6       1      0.13
               29   9.99   9.99     9.99      9.99       9.5       2      0.06
               31   6.99  11.52    11.52      9.14     137.1       5      0.88
               59                             8.49       4.7       1      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               232.5      12      1.49
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNb1          1                             3.50      30.0       1      0.19
               15                             8.00       5.0       1      0.03
               28                            10.00       1.8       1      0.01
               29                             9.50      30.0       1      0.19
               31   7.00  10.50     7.00      7.26     102.5       3      0.65
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               169.4       7      1.08
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNb2         31                            10.56      24.1       1      0.15
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNb3          1                             3.50       7.7       1      0.05
               31   9.01   9.01     9.01      9.01      55.0       2      0.35
               32                            10.00      17.0       1      0.11
               35                             7.50      54.0       1      0.34
               84                             8.50      26.0       1      0.17
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               159.8       6      1.02
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNb4         31                             9.98       0.1       1     0.001
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNp          29                             8.51       7.5       1      0.05
               31                            11.51       3.0       1      0.02
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                10.5       2      0.07
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTSKb2         23                             7.99      50.0       1      0.32
               29                             9.98      12.0       1      0.08
               33                            10.05       8.0       1      0.05
              159                            12.90      17.8       1      0.11
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                87.8       4      0.56
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTTHb1         23                             7.96      50.0       1      0.32
               29                            10.00       8.6       1      0.05
               33                             9.98      10.0       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
Итого                                                   68.6       3      0.44
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTZL           29                            10.01       1.4       1      0.01
               31  10.01  10.01    10.01     10.01      15.2       2      0.10
               33                            10.01       7.0       1      0.04
              159                            12.90       9.0       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                32.6       5      0.21
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTZLb1         16                             8.06      14.0       1      0.09
--------  -------  -----  -----  -------  --------  --------  ------  --------
TOTAL                                               15,655.7     211    100.00
------------------------------------------------------------------------------

[2006-02-09]