U.S. dollar market of Kazakhstan: day results
/IRBIS, Sergey Yakovlev, Andrey Tsaluyk, February 15, 06/ - Following is the table of major indicators of Kazakhstan market of U.S. dollar by the day results. The rate is given in tenge per dollar, volume - th. USD. Trends are shown relative to corresponding figures of previous trading day.
Results of trades on Kazakhstan stock exchange (KASE)
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Instrument USD TOD USD TOD USD TOM
KASE's session Morning Day Evening
Time 10:15-11:00 ALT 11:30-16:00 14:00-18:00
--------------- -------------- -------------
Indicator value trend value trend value trend
---------------------- ------- ------ ------ ------ ------ -----
Opening rate 131.31 -0.39 131.17 -0.23 - -
---------------------- ------- ------ ------ ------ ------ -----
Maximum rate 131.31 -0.39 131.18 -0.22 - -
Volume on max. Price 5 0 300 -4800 0 0
---------------------- ------- ------ ------ ------ ------ -----
Minimum rate 131.10 -0.30 131.14 -0.06 - -
volume on min. Price 5 -27095 1700 -6905 0 0
---------------------- ------- ------ ------ ------ ------ -----
Closing rate 131.20 -0.20 131.15 -0.15 - -
Weight. aver. rate 131.23 -0.18 131.15 -0.14 - -
Volume of the session 117015 +77055 16900 -54910 0 0
Number of deals 109 +1 62 -59 0 0
Number of participants 18 -1 17 0 0 0
---------------------- ------- ------ ------ ------ ------ -----
Best bid* 131.20 -0.20 131.14 -0.16 - -
Best ask* 131.21 -0.20 131.15 -0.16 - -
---------------------- ------- ------ ------ ------ ------ -----
REUTERS Bid* 131.17 -0.23 131.10 -0.13 131.08 -0.13
REUTERS Ask* 131.20 -0.24 131.13 -0.13 131.11 -0.13
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* at closing of the session on KASE. out of stock exchange -
by the data of REUTERS
Table of price levels of trading in US dollar on KASE on TOD terms
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Total by results of the day:
Morning Day ----------------------------
session: session: time (ALT):
Price ------------- ------------- ------------
level volume deals volume deals volume deals from to
------ ------ ----- ------ ----- ------- ----- ----- -----
131.31 5 1 5 1 10:15 10:15
131.26 200 2 200 2 10:18 10:18
131.25 61000 44 61000 44 10:17 10:36
131.24 12600 13 12600 13 10:18 10:38
131.23 100 1 100 1 10:17 10:17
131.22 1800 7 1800 7 10:41 10:50
131.21 31695 23 31695 23 10:17 10:59
131.20 9610 17 9610 17 10:16 10:59
131.18 300 1 300 1 11:48 11:48
131.17 1400 6 1400 6 11:33 12:58
131.16 2400 12 2400 12 11:36 15:24
131.15 11100 35 11100 35 11:39 15:29
131.14 1700 8 1700 8 12:02 12:07
131.10 5 1 5 1 10:15 10:15
------ ------ ----- ------ ----- ------- ----- ----- -----
TOTAL 117015 109 16900 62 133915 171 10:15 15:29
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Parameters of unsatisfied demand and supply of second tier banks in KASE' trade system for the last 5 days (total of valid bids by the time of morning and day trades closing. th. USD)
--------------------------------------------------------------------- Indicator Feb 9. 06 Feb 10. 06 Feb 13. 06 Feb 14. 06 Feb 15. 06 ---------- --------- ---------- ---------- ---------- ---------- Offer 6,350 6,580 9,295 17,800 39,195 Bid 8,100 11,950 14,600 19,800 2,500 ---------- --------- ---------- ---------- ---------- ---------- Difference +1,750 +5,370 +5,305 +2,000 -36,695 ---------------------------------------------------------------------
In the market the day passed under unambiguous strengthening of tenge to dollar. The next phase of this strengthening was provoked yesterday after lunch, when some banks joined the ground of the stock exchange with increased volume of American currency volume. These quotations, to all appearances, fell on a fertile field, because literally the whole market started to sell dollars.
Today, judging by banks disposition on KASE, and also by volume of hold trades, traders demonstrated serious desire to strengthen positions of the national currency. List of banks, selling USD, was headed by leading operators of the ground. Demand from CB was slight and formed by small and medium banks. The country's head bank had to considerably increase stake of its participation in stock exchange trades, in order to avoid fall of American currency rate.
It is notable, that all described happens on the background of marked strengthening of USD positions in the world market. This factor does not influence upon behavior of Kazakhstan traders.
To explain the situation IRBIS analysts are inclined by unbelief in dollar, which is formed on the background of corresponding prognosis of the republic's government, and (what is more important) - further increase of external debt by commercial banks. The current situation starts to remind 2004, when banks actively played for decrease of USD rate in internal market with a view to provide real negative rates on servicing of external borrowings.
Results of technical analyses say that dollar, most probably, will continue to weaken relative to tenge at least till 129.90, which at the current moment is the key support.
Prognosis of IRBIS for Thursday - testing of 131.00.
[2006-02-15]