KASE listed shares liquidity on secondary market in April and in first eight months of 2010
/IRBIS, September 6, 2010/ - IRBIS Information Agency of Financial
Markets (Almaty) rated liquidity of listing companies shares traded on
Kazakhstan Stock Exchange (KASE) in August 2010.
The first 10 positions of the rating are given below. In August these shares
constituted for 91.5% of turnover of corresponding sector of exchange
market. Over the specified period, deals in shares of 21 denominations
have been made on KASE open secondary market.
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Liquidity indicator calculation base (Kl):
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Posi Posi Code of Liquidity
tion in tion in shares indi- volume number number of
August July cator of deals, number of KASE successful
2010 2010 (Kl) m. KZT of deals members days
------- ------- --------- --------- ----------- --------- -------- -----------
1 1 RDGZp 2.70 1,074.0 251 23 21
2 3 CCBN 1.88 421.7 82 23 20
3 2 KZTK 1.82 131.6 103 22 18
4 5 HSBK 1.71 69.0 94 20 19
5 7 KKGB 1.65 77.3 90 20 17
6 4 GB_KZMS 1.37 76.7 55 18 15
7 8 GB_ENRC 1.28 26.8 50 17 14
8 12 BSUL 1.21 2,713.0 16 11 7
9 6 RDGZ 1.18 109.7 34 16 14
10 9 SATC 0.94 25.8 18 11 16
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Newcomers' "liquidity dozens" in the period under review were BSUL,
supplanted KZTKp (10th position in July). Recall that JSC Bayan Sulu on
Aug. 18, 2010 posted on KASE 4,460,000 of its common shares
KZ1C24120012 (BSUL) amounting to KZT2.7 billion. August 18 in the trade
system of KASE a specialized auction on placement of ordinary shares of
Bayan Sulu. Participants were asked to 4,466,667 shares (4.5% of total
pledges of ordinary shares of Bayan Sulu). Minimum lot at the auction was
set at 10,000 shares. In the auction was attended by three members of
KASE, who filed five applications, of which at the end of the submission
period, three were active warrants for the purchase of 4,460,000 shares.
Thus, the demand at the auction amounted to 99.9% of the proposals.
Prices in the ballot active bids were equal to KZT605.00, KZT607.00 and
KZT608.00. In the total of active orders the subject of the pension market
had 85.2%, the share of clients of broker-dealers - 14.8%. As a result of
bargaining, all active applications are satisfied. The amount of involvement
in this case amounted to KZT2,699,870,000.00.
The following table shows the top 10 rankings, based on the share trades at
KASE in the first eight months of 2010. The share of the "dozens" of the
total turnover of the market shares of KASE totaled 69.9%. During this
period the open secondary market of KASE had deals with instruments 51
items.
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Liquidity indicator calculation base (Kl):
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Position Code of Liquidity volume number number of
shares Indicator (Kl) of deals, number of KASE successful
m. KZT of deals members days
-------- ------- -------------- ----------- --------- -------- -----------
1 RDGZp 2.71 21,718.3 2,414 35 116
2 HSBK 1.96 2,207.5 1,208 39 149
3 CCBN 1.91 2,645.7 951 42 142
4 KZTK 1.89 2,172.9 1,174 36 155
5 GB_KZMS 1.57 1,109.3 779 33 136
6 KKGB 1.40 1,187.5 494 33 120
7 GB_ENRC 1.29 343.8 461 30 117
8 RDGZ 1.25 1,608.9 394 29 112
9 BTAS 1.07 39.9 216 31 75
10 KZTKp 1.06 412.0 242 27 96
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Notes to the table
The rating is based on liquidity indicator (Kl), which is calculated for each
share on a specified period. Positions are rated by sorting shares in
descending order of Kl (the higher Kl, the higher liquidity and position in the
rating). The first position in the rating corresponds to the highest Kl value.
Description of liquidity indicator calculation methods is available in the
document, published at: http://www.kase.kz/mix/rsp.pdf in Russian and at
http://www.kase.kz/eng/mix/rsp.pdf in English.
IRBIS agency draws attention to the fact that while calculating the
liquidity indicator, only data on deals made in KASE secondary market
sector (including special trading floor of the regional financial center of
Almaty) by one of open trade methods are taken into account.
"p" letter in the end of the symbol means preferred shares, other letters -
common shares.
Full list of symbols of issuers and securities traded on KASE is available at
http://www.kase.kz/instruments/nzb_code.htm
The data aforementioned is not an offer or recommendation to sell or buy
shares on KASE. Using the data while making investment decisions does
not rest the responsibility for possible losses resultant from such decision on
the IRBIS agency.
[2010-09-06]