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Market and Company News
10.04.2006 19:07

ANALYSIS: In April of 2006 volume of deals in KASE's repo sector decreased by 37,8% to KZT599.4 bn.

/IRBIS, Assel Omarova, Andrey Tsalyuk, April 10, 06/ - In March of 2006 Kazakhstan stock exchange (KASE) recorded 2,277 deals in the repo transactions sector for a total of KZT599.4 bn. or USD4,653.0 m. at the current rate effective on deals making dates. This is 56.2% of total turnover of KASE in this month (in February of 2006 - 75.3%).

In comparison with February of 2006 volume of transactions fell by KZT365.0 bn. ($2,691.3 m.) or by 37.8% (by 36.6% in dollar terms). Relative to March of 2005 volume of transactions has grown by KZT62.3 bn. ($542.5 m.) or by 11.6% (by 13.2% in dollar terms).

Stake of exchange's turnover in total volume of repo deals on Kazakhstan market in March on comparable totaled 56.2%, in February of 2006 - 99.3%.

Volume of exchange transactions, in the opinion of IRBIS, fell because of two factors. The first factor is unusually low stake of KASE in this segment. The market moved to "interbank", and IRBIS can not explain the reasons, on which volume of repo transactions abruptly grew. The other factor - National Bank's actions on the primary market of notes. For binding excessive liquidity the head bank suddenly increased its issuing activity in March and had no problems about demand at auctions. New notes attracted a part of funds from exchange's repo market, and this negatively influenced upon turnover of latter one. However there was still too much free money on the market. The tables below show that it resulted in falling of weighted average TONIA indicator in March to 0.16% APR (February - 1.05% APR).

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

  • the stake of automatic repo transactions was 86.3% of the sector's turnover (KZT517.4 bn.), including deals in government securities (GS) - 67.7% (KZT405.4 bn.), deals in corporate securities (CS) - 18.7% (KZT112.0 bn.);
  • the stake of repo transactions made by nego deals method, was 13.7% of the sector's turnover (KZT81.9 bn.), including deals in GS - 2.6% (KZT15.8 bn.), deals in CS - 11.0% (KZT66.2 bn.).

For comparison, structure of stock exchange's repo market in February of 2006 was as follows: autorepo - 90.8% (GS - 81.8%; CS -9.0%); repo by nego method - 9.2% (GS - 2.9%; CS - 6.2%).

Stake of CS repo transactions, made by nego deals method, was high in March. In the opinion of IRBIS, this was caused by events on the share market, where rates of several shares were still quickly growing, giving much profit to speculators. It's not excluded that one of sources of the money for speculative demand for shares is exchange's repo market, at that, CS repo. Precisely Cs repo transactions let market participants borrow rather long money for interest, quite acceptable for speculative share trading.

The tables below characterize KASE's repo sector in March of 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 with GS - 67.7% 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*        0.50   0.50  0.50    0.50     0.50     420.0      4     0.22
KZT_001         0.30 0.0001  1.50    1.00     0.16 126,159.1    307    66.45
KZT_002         0.25   0.10  0.30    0.10     0.12   9,385.0     12     4.94
KZT_003         0.10   0.10  1.10    1.10     0.51  18,655.0     23     9.83
KZT_007         2.30   0.80  2.30    1.10     1.36  20,723.0     58    10.92
KZT_014         2.40   1.20  2.40    2.40     1.88   7,557.0     39     3.98
KZT_028         2.30   1.80  2.50    2.35     2.18   6,958.0     28     3.66
----------- -------- ------ ----- ------- -------- --------- ------ --------
TOTAL                                              189,857.1    471      100
----------------------------------------------------------------------------

Automatic repo with CS - 18.7% 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                                   3.00    173.0      1     0.29
ASBNb4_001                                   3.00     58.0      1     0.10
ASBNb4_003                                   2.75     40.0      1     0.07
ASFIb5_001      1.00  1.00  3.15    1.50     2.17  1,006.0      4     1.71
ASFIb7_001      3.00  2.00  3.25    2.00     2.64  2,630.0      7     4.48
ASFIb7_030                                   8.00    300.0      1     0.51
ATFBb3_003                                   0.50     20.0      1     0.03
BTAIb6_001      3.00  2.50  3.00    2.50     2.86    670.0      4     1.14
BTAIb7_007                                   4.50    270.0      1     0.46
BTAIb7_014      5.00  4.10  5.00    4.10     4.55    540.0      2     0.92
BTAS_001                                     3.50     50.0      1     0.09
BTAS_030        7.00  6.50  7.50    7.00     7.08 24,353.8     35    41.51
BTASb4_001                                   2.75    350.0      1     0.60
BTASb4_007                                   4.50    220.0      1     0.38
BTASb4_014      5.00  4.10  5.00    4.10     4.55    440.0      2     0.75
BTASb5_001      2.75  2.75  2.75    2.75     2.75    725.0      3     1.24
BTASb5_003      2.75  2.75  2.75    2.75     2.75    725.0      3     1.24
BTASb5_030                                   5.40  1,100.0      1     1.88
CSBNb4_001                                   2.50    230.0      1     0.39
CSBNb5_001      2.80  2.50  2.80    2.50     2.67    103.0      2     0.18
CSBNb6_001                                   1.50     90.0      1     0.15
HSBKb_028       6.25  6.25  7.20    7.20     6.57     98.0      2     0.17
HSBKb3_014                                   4.30    240.0      1     0.41
HSBKb9_007      3.50  3.50  3.50    3.50     3.50    460.0      2     0.78
KKGBp_007                                    5.00    100.0      1     0.17
KKGBp_014       6.50  6.50  8.00    6.50     7.43  1,942.0      6     3.31
KZIKb13_014     4.50  4.50  4.50    4.50     4.50  2,200.0      3     3.75
KZTC_001        3.00  0.50  3.00    0.50     2.40    580.0      8     0.99
KZTC_007        6.50  5.00  6.50    6.00     5.52  5,078.1     50     8.66
KZTC_028        9.20  6.50  9.20    6.50     7.25  4,703.0     29     8.02
KZTC_090        7.50  7.50  7.52    7.52     7.52    225.0      2     0.38
KZTCb1_028                                   6.50     75.0      1     0.13
KZTK_007        6.50  6.50  6.50    6.50     6.50    130.0      2     0.22
KZZN_001        3.50  0.50  3.50    0.50     1.06    209.0      3     0.36
NFBN_001        3.00  3.00  3.00    3.00     3.00    180.0      3     0.31
NFBN_003        5.00  5.00  5.00    5.00     5.00    100.0      2     0.17
NFBN_007        5.80  5.80  5.80    5.80     5.80    410.0      4     0.70
NFBN_028                                     6.00    100.0      1     0.17
NRBNp6_003      5.60  5.60  5.65    5.65     5.61    880.1     16     1.50
NRBNp6_028      6.45  6.45  6.45    6.45     6.45    220.0      4     0.38
ORDB_007        6.00  5.00  7.00    5.00     5.79    612.0      7     1.04
ORDB_014        7.00  7.00  7.00    7.00     7.00    148.0      2     0.25
PRKRb1_028                                   6.50     25.0      1     0.04
ROSA_030                                    11.00    234.0      1     0.40
TEBNp028                                     6.30     37.0      1     0.06
TSBNb1_028                                   7.50     80.0      1     0.14
TSBNb3_007                                   4.00    500.0      1     0.85
TXBNb1_028                                   6.30     30.0      1     0.05
TXBNb3_007                                   6.00    250.0      1     0.43
TXBNb3_014                                   4.00    260.0      1     0.44
UTMK_001        9.00  9.00  9.00    9.00     9.00  1,449.0      6     2.47
UTMK_007        9.00  9.00  9.00    9.00     9.00  1,925.0      8     3.28
VTBN_001                                     4.50    100.0      1     0.17
VTBN_007                                     5.00      4.0      1     0.01
VTBN_028        9.50  8.00  9.50    8.00     8.03    307.0      7     0.52
VTBNb3_001      6.00  6.00  6.00    6.00     6.00    150.0      3     0.26
VTBNb3_007      6.00  6.00  6.00    6.00     6.00    300.0      6     0.51
ZIG_b1_028                                   7.50    230.0      1     0.39
----------- -------- ----- ----- ------- -------- -------- ------ --------
TOTAL                                             58,665.3    264      100
--------------------------------------------------------------------------

Repo on direct deals with GS - 2.6% 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                                             5.48     36.1       1      0.46
3            0.10   0.10   0.10     0.10      0.10  4,992.0       3     63.48
27           2.75   2.75   3.00     3.00      2.89    876.6       7     11.15
28           3.00   3.00   5.50     5.50      4.15     61.3       2      0.78
29           3.00   3.00   3.00     3.00      3.00    116.8       2      1.49
30                                            5.50     36.0       1      0.46
57                                            4.50    200.0       1      2.54
91           5.50   5.50   5.50     5.50      5.50    362.9       7      4.61
92                                            4.50    200.0       1      2.54
95           4.50   4.50   4.50     4.50      4.50    270.0       2      3.43
96                                            4.50    112.5       1      1.43
98                                            4.50    200.0       1      2.54
99                                            4.50    190.0       1      2.42
100                                           4.50    210.0       1      2.67
-------  --------  -----  -----  -------  --------  -------  ------  --------
TOTAL                                               7,864.2      31       100
-----------------------------------------------------------------------------

Repo on direct deals with CS - 11.0% 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           31                             9.59      10.0       1      0.03
               32                            10.14       1.5       1     0.004
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                11.5       2      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
ALKSb2         31                            10.00       0.3       1     0.001
--------  -------  -----  -----  -------  --------  --------  ------  --------
AMGZ            6                             3.50       2.1       1      0.01
               21                             4.67       1.1       1     0.003
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                 3.2       2      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASBN            1                             1.00       1.9       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASBNb1         31                            10.05       0.2       1    0.0005
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASBNb3         14                             2.92      27.9       1      0.08
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASBNb4          1                             2.00     159.0       1      0.46
                3                             2.00     159.0       1      0.46
                4                             2.20     159.0       1      0.46
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               477.0       3      1.39
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASFI            1                             6.99       1.0       1     0.003
               31                             8.00     125.0       1      0.36
               32                             8.00     200.0       1      0.58
               92                             7.00       0.6       1     0.002
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               326.5       4      0.95
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASFIb4         30   5.00   5.00     5.00      5.00     329.8       2      0.96
--------  -------  -----  -----  -------  --------  --------  ------  --------
ASFIb5          1   1.52   2.99     1.52      2.03     200.4       2      0.58
                2                             2.99      60.0       1      0.17
                3                             1.00     207.5       1      0.60
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               467.9       4      1.36
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFB           30                             8.00       0.5       1     0.001
               33                             7.00       0.6       1     0.002
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                 1.1       2     0.003
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBb3          4                             2.66      20.1       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBb4          1                             2.48     200.0       1      0.58
                3   1.80   2.49     1.80      1.94   1,019.0       2      2.97
               11                             3.25     249.0       1      0.73
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,468.0       4      4.28
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBb5          3                             1.80     286.0       1      0.83
                8                             2.99      70.8       1      0.21
               24                             5.51      51.8       1      0.15
               30   3.50   3.50     3.50      3.50     427.4       2      1.25
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               836.1       5      2.44
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBe1          1                             2.43       7.5       1      0.02
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBp          18   5.51   5.51     5.51      5.51      34.6       2      0.10
--------  -------  -----  -----  -------  --------  --------  ------  --------
ATFBp8          3                             2.99      22.0       1      0.06
                6                             4.51      23.1       1      0.07
               13                             3.01      11.0       1      0.03
               18                             5.51     125.5       1      0.37
               27                             3.01      66.0       1      0.19
               31   5.00   6.50     6.50      5.73     204.9       2      0.60
               35                             5.00     243.1       1      0.71
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               695.7       8      2.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
AZNO            7  14.00  14.00    14.00     14.00      97.3       2      0.28
                9                            14.00      34.2       1      0.10
               11                            14.00     200.0       1      0.58
               18                            12.50     230.0       1      0.67
               32                             7.00     250.0       1      0.73
               33  12.00  12.00    12.00     12.00     700.0       2      2.04
              299                             9.00      65.0       1      0.19
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,576.5       9      4.59
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTAIb5          3                             1.80     192.0       1      0.56
               35                             6.01      15.4       1      0.04
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               207.4       2      0.60
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTAIb6          1                             2.48     200.0       1      0.58
                3                             1.80     500.0       1      1.46
                4                             2.00     300.0       1      0.87
               32                             3.00     174.4       1      0.51
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,174.4       4      3.42
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTAIb9         15                             5.50     502.1       1      1.46
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTAS            1                             5.00       1.6       1     0.005
               11                             7.00       3.3       1      0.01
               13                             5.43      40.5       1      0.12
               14                             6.00      11.9       1      0.03
               18                             5.50       9.4       1      0.03
               20   8.00   8.00     8.00      8.00     782.5       4      2.28
               31   7.00   8.00     7.00      7.99     186.5       2      0.54
               32                             7.00      50.4       1      0.15
               36  12.00  12.00    12.00     12.00     785.9       6      2.29
               92   8.00   8.00     8.00      8.00      99.0       2      0.29
              180                            10.00       8.1       1      0.02
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,979.0      21      5.76
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTASb2         61                             5.25      11.3       1      0.03
               90                             7.25      35.5       1      0.10
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                46.8       2      0.14
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTASb4          1   1.00   2.00     1.00      1.81     172.6       2      0.50
                3   1.80   2.50     1.80      2.08     913.0       2      2.66
                4                             2.20     120.0       1      0.35
               14                             3.41     350.0       1      1.02
               24                             5.51      57.2       1      0.17
               59                             6.81      32.6       1      0.09
               60                             7.00      32.6       1      0.09
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,677.8       9      4.89
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTASb5          3                             1.80     929.0       1      2.71
               11                             2.26     350.0       1      1.02
               12                             3.31     400.0       1      1.17
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,679.0       3      4.89
--------  -------  -----  -----  -------  --------  --------  ------  --------
BTLZb1          6                             5.00     140.0       1      0.41
               11                             4.50     103.4       1      0.30
               18                             1.00      41.4       1      0.12
               21                             1.00      50.0       1      0.15
               31   7.00   7.50     7.00      7.23      93.4       2      0.27
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               428.2       6      1.25
--------  -------  -----  -----  -------  --------  --------  ------  --------
CCBN            3   4.02   7.06     4.02      4.15      23.0       2      0.07
               20   9.01   9.01     9.01      9.01     408.6       4      1.19
               31   5.00   9.00     9.00      8.97     223.4       3      0.65
               36                             9.00       4.0       1      0.01
               92   9.00   9.00     9.00      9.00      48.0       2      0.14
               99                             9.00       7.0       1      0.02
              180  10.00  10.00    10.00     10.00       9.8       3      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               723.9      16      2.11
--------  -------  -----  -----  -------  --------  --------  ------  --------
CCBNb11        35                             6.01      15.1       1      0.04
--------  -------  -----  -----  -------  --------  --------  ------  --------
CCBNb7         90                             7.50       3.7       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
CCBNp          31  11.01  11.01    11.01     11.01     170.0       2      0.50
--------  -------  -----  -----  -------  --------  --------  ------  --------
CSBN           11                             5.00       1.0       1     0.003
               30                             8.00       0.2       1     0.001
               31                             5.00       1.0       1     0.003
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                 2.3       3      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
CSBNb6          1                             3.01       2.0       1      0.01
               21                             6.50      66.0       1      0.19
               31                            10.00       0.4       1     0.001
               32   9.00  10.00     9.00      9.03      10.3       2      0.03
               51                             7.61      47.9       1      0.14
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               126.6       6      0.37
--------  -------  -----  -----  -------  --------  --------  ------  --------
GLOTb1         12                             1.52      29.0       1      0.08
               13                             1.40       2.0       1      0.01
               14                             1.56      25.0       1      0.07
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                56.0       3      0.16
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBK            7                             5.56      17.0       1      0.05
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBKb           1                             3.50      65.4       1      0.19
               14                             5.00      79.2       1      0.23
               31   9.50  10.00     9.50      9.53      24.3       2      0.07
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               168.9       4      0.49
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBKb3         30   3.24   3.24     3.24      3.24     332.5       2      0.97
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBKb7          1                             3.65      18.0       1      0.05
               10                             7.75      10.4       1      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                28.4       2      0.08
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBKb8         24                             5.51      50.9       1      0.15
--------  -------  -----  -----  -------  --------  --------  ------  --------
HSBKb9        365   7.00   7.50     7.50      7.30     165.7       2      0.48
--------  -------  -----  -----  -------  --------  --------  ------  --------
KARMb2         31                             3.00      15.0       1      0.04
               62                             3.00     220.0       1      0.64
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               235.0       2      0.68
--------  -------  -----  -----  -------  --------  --------  ------  --------
KASSb1         61                             3.00      77.0       1      0.22
--------  -------  -----  -----  -------  --------  --------  ------  --------
KKAGb1          7                             6.26      20.0       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
KKGB          184                            10.00       2.2       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
KKGBb4         17                             5.50      45.9       1      0.13
               59                             6.81      45.0       1      0.13
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                90.9       2      0.26
--------  -------  -----  -----  -------  --------  --------  ------  --------
KKGBp          12                             3.04      29.0       1      0.08
               13                             2.95       2.0       1      0.01
               14                             3.00      25.0       1      0.07
               31   8.01   8.01     8.01      8.01      20.0       2      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                76.0       5      0.22
--------  -------  -----  -----  -------  --------  --------  ------  --------
KRZHb1         90  12.00  12.78    12.00     12.31       5.1       2      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZIKb13         1                             3.99     250.0       1      0.73
                3                             2.99     109.1       1      0.32
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               359.1       2      1.05
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZIKb4          4                             2.74       4.0       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZIKb5          3                             2.43       1.0       1     0.003
               30                             2.92       1.5       1     0.004
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                 2.5       2      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZIKb6         32                             2.37     123.5       1      0.36
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZIKb7          3                             3.00     115.3       1      0.34
               31                             4.00      10.0       1      0.03
               35                             5.96      15.4       1      0.04
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               140.7       3      0.41
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZNHb2          7                             4.69      22.0       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZPSb1         31                            10.00       0.3       1     0.001
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZTC            1      0      0        0         0     404.3       2      1.18
                2                             7.98     200.0       1      0.58
                3                             9.49     250.0       1      0.73
                7   6.00   7.47     7.47      7.40     169.0       2      0.49
               10                             3.01     350.0       1      1.02
               14                             6.00     240.0       1      0.70
               17                             7.50     205.7       1      0.60
               23                             8.00     108.0       1      0.31
               24                             7.00     104.0       1      0.30
               29                             9.00      10.0       1      0.03
               31                            10.32     103.3       1      0.30
               60                             9.20     130.0       1      0.38
               77                             9.88     205.1       1      0.60
              114                            10.00     940.0       1      2.74
              182   9.50   9.50     9.50      9.50     120.0       2      0.35
              184   8.00   9.00     8.00      8.00     301.1       3      0.88
              213                            11.00     354.3       1      1.03
              214                            11.00     352.6       1      1.03
              299                             9.00     130.0       1      0.38
              365  11.00  11.00    11.00     11.00   2,814.6       8      8.20
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             7,492.1      32     21.82
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZTCb1         14                             6.96       2.5       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZTK            1                             3.00      58.0       1      0.17
                3                             3.00     230.0       1      0.67
               14   5.55   7.75     5.70      5.68     510.5       3      1.49
               18   5.50   5.50     5.50      5.50     223.8       3      0.65
               19                            12.00       1.4       1      0.00
               22                             5.73      55.0       1      0.16
               27                             6.50      40.0       1      0.12
               31                             6.02       6.5       1      0.02
               32                             7.00       1.3       1     0.004
               36   8.00   8.00     8.00      8.00      22.2       2      0.06
               40                             6.01      21.4       1      0.06
               44                             6.20     190.0       1      0.55
               91                            10.00       4.0       1      0.01
              365                             8.50      35.0       1      0.10
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,399.0      19      4.07
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZTKp          14                             8.10      10.0       1      0.03
               30                             5.00       0.8       1     0.002
               57                            12.06       5.7       1      0.02
               66                             9.00       6.0       1      0.02
               96                             9.00      12.0       1      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                34.6       5      0.10
--------  -------  -----  -----  -------  --------  --------  ------  --------
KZZN            3                            10.00      12.1       1      0.04
                4                             3.99      35.0       1      0.10
                5                            10.00       4.0       1      0.01
                6                             6.01      30.9       1      0.09
                7                             4.50      22.0       1      0.06
                8   6.50   7.00     6.50      6.61      20.4       2      0.06
               18   5.51   5.51     5.51      5.51      90.4       2      0.26
               21                             4.67       0.2       1    0.0005
               28   6.00   7.00     7.00      6.10      14.4       2      0.04
               30   6.52   6.52     6.52      6.52      82.6       2      0.24
               31                             7.00       0.5       1     0.001
               35                             6.01       6.0       1      0.02
               61                             9.00       1.1       1     0.003
               65                             9.60      62.0       1      0.18
               66                             9.70       3.0       1      0.01
               92   8.00   9.80     9.80      9.72      62.8       4      0.18
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               447.4      23      1.30
--------  -------  -----  -----  -------  --------  --------  ------  --------
MREKb1         40                             6.57      20.0       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
NFBN            1                             3.87     100.0       1      0.29
                2                             4.14      39.1       1      0.11
               10                            10.50       2.2       1      0.01
               11                             2.76     118.9       1      0.35
               14                             9.00      69.5       1      0.20
               20                             8.51      57.5       1      0.17
               27   8.00   8.00     8.00      8.00     476.6      10      1.39
               28   8.00   9.50     9.50      8.35      43.2       2      0.13
               29   8.00   9.00     9.00      8.37     185.8       3      0.54
               30                             9.50      10.0       1      0.03
               32                             9.00       5.1       1      0.02
              187                            10.00      42.0       1      0.12
              213  11.00  11.00    11.00     11.00   1,760.2       3      5.13
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             2,910.2      27      8.48
--------  -------  -----  -----  -------  --------  --------  ------  --------
NRBNb4          2                             2.99     450.0       1      1.31
                3                             2.00     466.0       1      1.36
               17                             2.70     460.0       1      1.34
               31                            10.00      20.0       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,396.0       4      4.07
--------  -------  -----  -----  -------  --------  --------  ------  --------
NRBNp6         14                             7.00       7.0       1      0.02
               17                             6.00       5.3       1      0.02
               31   9.00   9.50     9.00      9.17      15.0       2      0.04
               33                            10.00      44.0       1      0.13
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                71.2       5      0.21
--------  -------  -----  -----  -------  --------  --------  ------  --------
ORDB            2                             8.53      57.5       1      0.17
               11                             1.00      86.4       1      0.25
               22                             7.00      11.9       1      0.03
               28   6.76   9.00     9.00      7.69      17.1       2      0.05
               29                            10.00       7.0       1      0.02
               30   8.50   9.00     8.50      8.70      18.2       2      0.05
               31   7.00  10.00    10.00      8.88      31.9       2      0.09
               32  10.01  12.50    12.50     12.46     508.3       6      1.48
               49                             4.01     280.0       1      0.82
               91                             8.00      15.0       1      0.04
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                             1,033.3      18      3.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
ORDBp          36                             5.00     165.3       1      0.48
               63                            11.00      90.0       1      0.26
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               255.3       2      0.74
--------  -------  -----  -----  -------  --------  --------  ------  --------
ORNK           50                            14.17       7.2       1      0.02
               53  10.60  10.60    10.60     10.60      56.2       2      0.16
               92                            11.90       8.0       1      0.02
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                71.4       4      0.21
--------  -------  -----  -----  -------  --------  --------  ------  --------
ORNKb1         31  10.00  10.00    10.00     10.00      37.0       2      0.11
               33                            10.00       6.5       1      0.02
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                43.5       3      0.13
--------  -------  -----  -----  -------  --------  --------  ------  --------
RGBRb3         21                             8.00      40.0       1      0.12
               32                             6.96      25.0       1      0.07
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                65.0       2      0.19
--------  -------  -----  -----  -------  --------  --------  ------  --------
ROSAb1         32                             9.00      19.4       1      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
TEBN           33   8.00   8.00     8.00      8.00     450.0       2      1.31
              184                            15.00      90.0       1      0.26
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               540.0       3      1.57
--------  -------  -----  -----  -------  --------  --------  ------  --------
TEBNb2         32                            11.50       0.7       1     0.002
--------  -------  -----  -----  -------  --------  --------  ------  --------
TEBNp          10   5.99   7.50     5.99      6.63     122.7       2      0.36
               31   8.00  10.00     8.00      9.37      80.3       5      0.23
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               203.0       7      0.59
--------  -------  -----  -----  -------  --------  --------  ------  --------
TMLZ          183  15.00  15.00    15.00     15.00      44.4       2      0.13
--------  -------  -----  -----  -------  --------  --------  ------  --------
TSBNb1         31                             9.54       5.0       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
TXBNb1          1                             3.50      32.4       1      0.09
               20                             6.00      40.1       1      0.12
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                72.5       2      0.21
--------  -------  -----  -----  -------  --------  --------  ------  --------
TXBNb2         14   4.17   6.58     4.17      6.35      35.4       2      0.10
               18                             5.07       3.0       1      0.01
               20                             6.08      74.5       1      0.22
               28                             7.06      74.0       1      0.22
               31   4.29  10.00     4.29      7.14      10.0       3      0.03
               32                            11.51       0.2       1     0.001
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               197.1       9      0.57
--------  -------  -----  -----  -------  --------  --------  ------  --------
TXBNb3         31                             5.95       1.2       1     0.003
--------  -------  -----  -----  -------  --------  --------  ------  --------
UTMK           92   8.00   8.00     8.00      8.00      73.5       2      0.21
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBN            8                            12.05       2.1       1      0.01
               13                             2.37      26.0       1      0.08
               31   9.01  11.52    11.52      9.13      21.3       2      0.06
               32  11.51  11.51    11.51     11.51       6.5       4      0.02
               92                             7.99       5.1       1      0.01
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                61.0     9.0      0.18
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNb1         31   8.50  11.50    11.50      9.39      41.8       4      0.12
               33                            10.00      13.5       1      0.04
               92   8.00   8.00     8.00      8.00      94.9       2      0.28
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               150.2     7.0      0.44
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNb2         31                             8.52      39.4       1      0.11
               32                            10.00      10.0       1      0.03
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                49.4       2      0.14
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNb3         31  10.00  10.00    10.00     10.00      26.5       2      0.08
               32                            11.50       0.5       1     0.002
               65                            11.50       0.3       1     0.001
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                27.3       4      0.08
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNb4         31                             9.98       0.1       1    0.0003
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTBNp          31   8.49  11.52    11.48      9.94      14.4       4      0.04
               32                            11.51       8.3       1      0.02
               35                             7.74      14.0       1      0.04
               92                             8.01       0.9       1     0.003
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                37.6     7.0      0.11
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTSKb2         31   9.97  10.02     9.97      9.99      20.0       2      0.06
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTTHb1         31   9.99  10.04     9.99     10.02      18.6       2      0.05
--------  -------  -----  -----  -------  --------  --------  ------  --------
VTZL           31   9.99  10.01    10.01     10.00      19.6       5      0.06
               32                            10.02      13.0       1      0.04
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                                32.6     6.0      0.10
--------  -------  -----  -----  -------  --------  --------  ------  --------
ZERD          182                            15.00      22.6       1      0.07
--------  -------  -----  -----  -------  --------  --------  ------  --------
ZIG_b1         26   5.01   5.01     5.01      5.01     400.0       2      1.17
               42                             3.08     115.0       1      0.33
--------  -------  -----  -----  -------  --------  --------  ------  --------
Subtotal                                               515.0       3      1.50
--------  -------  -----  -----  -------  --------  --------  ------  --------
TOTAL                                               34,332.7     389     100.0
------------------------------------------------------------------------------

[2006-04-10]