FROM JANUARY 1 KASE USES THE NEW METHODOLOGY OF SUMMARIZING TRADE STATISTICS
/KASE, January 9, 09/ - Kazakhstan Stock Exchange (KASE) informs that from January 1, 2009 it moves to the new methodology of summarizing trade statistics for the reporting period, based on application of two indicators:
- the trades volume (the new indicator, reflecting the total gross volume of deals);
- the exchange (calculated) turnover (the traditional indicator, which has been published before under names "trades volume", "exchange turnover", "trade turnover", "deals total volume" and other similar by meaning definitions).
The mentioned indicators may differ on repo and currency swap transactions markets as each such transaction consists of two deals - opening and closing.
Trades volume of repo and currency swap transactions markets will include only opening deals (deals of currency swap transactions opening - given that such transactions are executed in the exchange market sector especially opened for this purpose). In other words the trades volume indicator will consider only amounts on repo and currency swap transactions.
When calculating the exchange(calculated) turnover KASE intends as previously to consider volumes (in KZT with further re-calculation into USD equivalent) of all repo and currency swap transactions deals closing; given this will be considered only those deals, which fall to the reporting period.
The mentioned changes are aimed at bringing of KASE statistical reporting in line with standards more frequently used in the world exchange activities practice. Results of KASE implemented researches show that exchanges more often use at publishing their statistics the trades volume.
During 2009 KASE plans to publish both mentioned indicators (in comparison with historical data), and from 2010 to move to publication of the trades volume only, indicating the exchange (calculated) turnover value only in specialized reports.
[2009-01-09]