ANALYSIS: In February of 2006 volume of CS purchase and sale deals on KASE fell by 37.2% to $207.3 m.
/IRBIS, Valeriy Khegay, March 17, 06/ - In February of 2006 on Kazakhstan stock exchange (KASE) 277 deals were made in corporate securities (CS) in all sectors of the market (excluding repo-transactions sector) for a total of KZT27,226.9 m. or $207.3 m. at the current rate effective on deals making dates. The stated amount is 61.1% of monthly turnover of corporate security market (in January of 2006 - 80.9%) and 2.1% from the exchange's whole monthly turnover (4.0%).
Change of lists of corporate bonds, traded on KASE, in February of 2006
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Bonds: Issuers:
Category of ------ ----- ------ -----
admission number trend number trend
----------- ------ ----- ------ -----
A 140 +2 49 0
B 9 +1 9 +1
----------- ------ ----- ------ -----
A+B 149 +3 58 +1
-----------------------------------------
Notes: "A" - official "A" listing category;
"B" - official "B" listing category; "A+B" - official list; by the end of the month, change for the month.
Statistical characteristics of corporate bond market on KASE in February of 2006
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Month:
--------- --------- Trend
February January Feb. 2006 to
Indicator 2006 2006 Jan. 2006
---------------------------------------- --------- --------- ------------
Trade volume, th. USD 207,317.8 330,149.6 -37.2%
Trade volume, m. KZT 27,226.9 43,880.6 -38.0%
incl. on offerings, th. USD 0 9,193.6 -
incl. on offerings, m. KZT 0 1,226.2 -
inc. secondary market deals, th. USD 207,317.8 320,955.9 -35.4%
incl. secondary market deals, m. KZT 27,226.9 42,654.4 -36.2%
Number of deals 277 255 +8.6%
incl. at offerings 0 5 -
Inc. on secondary market 277 250 +10.8%
Number of instruments involved in deals 78 67 +16.4%
Stake of nego deals (number), % 23.8 31.4 -7.6,pp
Stake of nego deals (volume), % 11.4 7.5 +3.9,pp
Pension assets participation, % gross 30.4 16.4 +14.0,pp
Number of exchange's members, made deals 39 35 +11.4%
Market concentration, %* 43.6 71.3 -27.7,pp
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* percentage from total bond turnover, which falls to the stake of most tradable
securities (their number is 5% from total number of names of bonds, included in
KASE's trade lists, is shown)
By the number of concluded deals the absolute leaders of February were KATRb1 (23 deals). Then ASFIb7 (19), ATFBb5 (18), BTASb4 (14) и CCBNb12 (9) followed. KATRb1, ASFIb7 and BTASb4 preserved positions of leader in this rating relative to January of 2006.
Main indicators of KASE's corporate bond market in February of 2006
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Market.
value of Index Volume of Volume of
debt, KASE_BY, Index Index deals, deals,,
Date USD m. % APR KASE_BP KASE_BC th. USD m. KZT
---------- -------- -------- ------- ------- --------- ---------
Jan 31, 06 8,289.8 7.18 188.46 129.78 7,000.6 924.6
Feb 1, 06 8,295.4 7.18 188.46 129.77 5,886.6 776.4
Feb 2, 06 8,301.2 7.19 188.47 129.74 20,756.5 2,733.0
Feb 3, 06 8,309.6 7.20 188.39 129.66 4,860.7 640.0
Feb 6, 06 8,309.6 7.18 188.66 129.78 5,115.8 673.9
Feb 7, 06 8,303.2 7.17 188.76 129.82 3,274.6 432.4
Feb 8, 06 8,338.5 7.18 188.75 129.78 16,416.4 2,173.0
Feb 9, 06 8,351.1 7.21 188.57 129.62 18,948.4 2,500.4
Feb 10, 06 8,357.6 7.16 188.97 129.90 4,600.0 605.9
Feb 13, 06 8,209.7 7.24 188.81 129.69 6,896.7 907.3
Feb 14, 06 8,242.0 7.24 188.80 129.66 35,027.3 4,602.9
Feb 15, 06 8,253.4 7.20 189.12 129.85 8,597.4 1,128.2
Feb 16, 06 8,255.8 7.22 189.09 129.77 6,347.6 832.4
Feb 17, 06 8,259.5 7.20 189.23 129.90 3,053.0 400.0
Feb 20, 06 8,259.5 7.19 189.38 129.93 1,265.6 165.7
Feb 21, 06 8,293.0 7.20 189.34 129.87 19,537.3 2,555.7
Feb 22, 06 8,276.2 7.22 189.33 129.79 3,726.8 488.5
Feb 23, 06 8,285.9 7.21 189.38 129.85 10,258.9 1,342.7
Feb 24, 06 8,296.7 7.19 189.58 129.96 1,436.5 187.5
Feb 27, 06 8,307.7 7.21 189.53 129.84 6,826.9 889.5
Feb 28, 06 8,304.5 7.22 189.45 129.75 24,484.8 3,191.6
---------- -------- -------- ------- ------- --------- ---------
Trend +14.7 +0.04 +0.99 -0.03 , ,
+0.2% +0.56% +0.53% -0.02% , ,
----------------------------------------------------------------------
Weighted average dirty prices of 51 bonds out of 78 ones involved in deals in February grew, prices of 19 - fell. There was nothing to compare prices of eight new instruments with. KRZHb1 grew most highly (by 8.1%), HSBKb7 fell most deeply (by 6.4%). Weighted average dirty prices of eight securities grew by 5% and more, whereas prices of four bonds fell considerably. According to concluded deals 34 bonds' yields to maturity for a buyer grew in February, yields of 35 bonds fell.
Summary data by the results of trades in bonds on KASE in February of 2006 (purchase and sale, including primary offerings)
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Volume of deals:
Code Brief --------- -------- Num- Market Price
of name of th. m. ber of share, change,
security Issuer USD KZT deals % %
-------- ------------------------------- --------- -------- ------ ------ -------
CCBNb12 Bank CenterCredit JSC 19,000.5 2,497.0 9 9.17 +0.87
TEBNb5 Temirbank JSC 17,712.1 2,325.6 4 8.54 X
KZIKb6 Kazakhstan Mortgage
Company JSC 14,283.9 1,884.4 8 6.92 +2.28
KATRb1 KazAgroTrade+ LLP 11,190.7 1,467.2 23 5.39 +0.74
BTASb4 Bank TuranAlem JSC 10,949.2 1,442.1 14 5.30 +5.08
BTAIb7 BTA Ipoteka JSC 9,310.3 1,214.4 4 4.46 +0.75
VTBNb3 Valut-Tranzit-Bank JSC 8,023.7 1,055.1 5 3.88 +1.14
BTAIb9 BTA Ipoteka JSC 7,684.9 1,001.5 4 3.68 X
ASFIb7 Astana-Finance JSC 7,126.1 935.4 19 3.44 +7.05
TSBNb3 Tsesnabank JSC 7,030.6 923.6 7 3.39 X
EUBNb1 Eurasian bank JSC 6,901.9 909.0 2 3.34 +3.04
KZIKb3 Kazakhstan Mortgage
Company JSC 6,896.8 906.7 5 3.33 -4.28
ATFBb5 ATFBank JSC 6,707.5 876.1 18 3.22 +0.36
HSBKb8 Halyk savings
bank of Kazakhstan JSC" 6,703.3 880.9 2 3.24 +0.57
TEBNb6 Temirbank JSC 6,000.5 790.0 5 2.90 +0.91
CCBNb11 Bank CenterCredit JSC 5,866.2 774.8 7 2.85 +0.84
ASBNb3 Alliance Bank JSC 5,413.0 713.1 2 2.62 +2.39
HSBKb7 Halyk savings
bank of Kazakhstan JSC" 4,156.3 541.8 6 1.99 -6.40
KZIKb12 Kazakhstan Mortgage
Company JSC 3,989.2 524.2 1 1.93 +3.20
BTASb5 Bank TuranAlem JSC 3,501.7 463.4 2 1.70 +6.64
VITAb4 VITA JSC 3,031.4 399.2 4 1.47 -1.17
PDESb1 PAVLODARENERGOSERVICE JSC 2,519.3 330.1 1 1.21 X
CCBNb6 Bank CenterCredit JSC 2,447.0 321.6 2 1.18 +0.78
ORNKb1 Ornek XXI JSC 1,894.1 247.9 4 0.91 X
ZIG_b1 Zangar Invest Group JSC 1,758.4 230.7 3 0.85 +0.78
HSBKb10 Halyk savings
bank of Kazakhstan JSC" 1,575.5 208.5 2 0.77 +1.95
KZNHb2 Kazneftechim JSC 1,575.1 207.0 4 0.76 -3.34
KARMb2 Karazhanbasmunay JSC 1,432.9 187.9 1 0.69 -0.69
KKGBb2 Kazkommertsbank JSC 1,343.5 177.0 2 0.65 +2.64
KZPSb1 Kazpost JSC 1,341.1 175.8 1 0.65 +5.15
BTAIb8 BTA Ipoteka JSC 1,267.6 166.9 3 0.61 +1.34
BTASb1 Bank TuranAlem JSC 1,198.9 157.5 4 0.58 +4.03
NRBNb4 Nurbank JSC 1,195.1 155.8 1 0.57 +0.80
BTLZb1 BTA ORIX Leasing JSC 1,187.4 154.8 1 0.57 X
GLOTb1 GLOTUR JSC 1,135.1 148.8 6 0.55 +0.01
CHFMb1 Chimfarm JSC 1,035.0 135.3 4 0.50 -1.00
BTAIb4 BTA Ipoteka JSC 1,018.0 132.8 4 0.49 +0.54
KZALb1 Mining-metallurgical
concern Kazakhaltyn JSC 981.1 129.0 6 0.47 +0.29
KZTCb1 KazTransCom JSC 915.1 120.1 1 0.44 +2.57
ASFIb5 Astana-Finance JSC 833.2 110.0 4 0.40 +0.66
BTASb2 Bank TuranAlem JSC 797.3 105.1 2 0.39 +5.07
UKPFb1 Ust-Kamenogorsk
Poultry Farm JSC 663.5 86.7 7 0.32 -5.41
CSBNb4 BANK CASPIAN JSC 615.4 80.7 4 0.30 +0.70
HSBKb9 Halyk savings
bank of Kazakhstan JSC" 592.4 78.0 3 0.29 -2.63
BTASb3 Bank TuranAlem JSC 575.5 75.0 1 0.28 -0.13
MREKb1 Mangistau
distributing
electricity network company JSC 510.2 66.5 2 0.24 +6.40
TXBNb2 TEXAKABANK JSC 425.7 55.9 2 0.21 -4.56
UKTCb1 AES Ust-Kamenogorsk HS JSC 418.9 54.9 1 0.20 +7.66
VTBNb2 Valut-Tranzit-Bank JSC 392.1 51.4 2 0.19 +0.30
TXBNb3 TEXAKABANK JSC 390.4 51.2 1 0.19 +1.23
KKGBb3 Kazkommertsbank JSC 390.2 50.8 1 0.19 -2.11
BTAIb6 BTA Ipoteka JSC 382.0 50.2 2 0.18 +0.38
KASSb1 NGSK KazStroyService JSC 381.9 49.8 1 0.18 X
TSBNb2 Tsesnabank JSC 319.6 41.8 2 0.15 -6.28
HSBKb2 Halyk savings
bank of Kazakhstan JSC" 311.4 41.0 2 0.15 +0.46
ASFIb3 Astana-Finance JSC 299.0 39.5 1 0.14 +0.74
KZASb2 KOSTANAY MINERALS JSC 256.8 33.9 4 0.12 +3.20
CSBNb6 BANK CASPIAN JSC 202.1 26.5 2 0.10 -0.77
MREKb2 Mangistau
distributing
electricity network company JSC 185.1 24.1 1 0.09 +0.68
KAZIb1 KZATSI LLP 155.9 20.4 2 0.08 X
ASBNb2 Alliance Bank JSC 145.2 19.0 2 0.07 +2.53
PKKRe1 PetroKazakhstan Finance B.V. 116.0 15.3 2 0.06 +1.53
NRBNb2 Nurbank JSC 99.6 13.1 2 0.05 +1.54
ATFBb4 ATFBank JSC 91.9 12.0 1 0.04 +0.52
PRKRb1 Food contract
corporation JSC 76.2 10.0 1 0.04 +2.51
KKAGb1 Kazakhstan Kagazy JSC 69.0 9.0 1 0.03 -6.26
VTBNb1 Valut-Tranzit-Bank JSC 64.7 8.5 1 0.03 +0.84
ALKSb2 ALMATY KUS JSC 61.9 8.2 6 0.03 -0.60
KZIKb13 Kazakhstan Mortgage
Company JSC 49.7 6.5 2 0.02 +0.63
BTAIb5 BTA Ipoteka JSC 45.6 6.0 2 0.02 -1.65
BTAIb1 BTA Ipoteka JSC 32.6 4.3 1 0.02 +0.54
BTAIb3 BTA Ipoteka JSC 18.3 2.4 2 0.01 -1.36
CSBNb2 BANK CASPIAN JSC 14.1 1.8 1 0.01 +2.55
KZTOe1 KazTransOIl JSC 10.3 1.4 1 0.01 -3.09
HSBKb Halyk savings
bank of Kazakhstan JSC" 9.6 1.3 1 0.005 +2.33
ATFBb3 ATFBank JSC 7.8 1.0 1 0.004 +0.25
TEBNb2 Temirbank JSC 5.1 0.7 1 0.002 -2.11
KRZHb1 Karagandy Zharyk LLP 1.8 0.2 1 0.001 +8.11
-------- ------------------------------- --------- -------- ------ ------ -------
TOTAL 78 207,317.8 27,226.9 277 100.0
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Comments: Securities were sorted in descending order based on the volumes of deals expressed in U.S. dollars. Figure means ordinal number of bond issue. Absence of figure (old coding) means this is the first issue. "X" - change of price is not calculated, as this security got the first estimation on KASE in the analyzed period.
[2006-03-17]