Capital MarketsData
KASE trading reaches KZT 437 trillion in ten months, up 38.9 per cent
Repo and currency swaps made up most of the volume, while corporate bond trading rose 44.4 per cent and shares stayed a small share of activity.
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Trading on the Kazakhstan Stock Exchange totalled KZT 437.0 trillion, or about US$920.6 billion, in January to October, 38.9 per cent more than a year earlier and 52.8 per cent more in dollar terms, the exchange said on 9 November.
The money market accounted for 83.3 per cent of the total, at KZT 363.8 trillion, up 38.7 per cent. Repo transactions came to KZT 275.8 trillion and currency swaps to KZT 88.1 trillion, 38.8 and 38.5 per cent higher on the year respectively. The foreign currency market grew 42.2 per cent to KZT 56.5 trillion. Dollar trading rose 53.1 per cent and yuan trading 73.9 per cent, while ruble trading rose 12.6 per cent and euro trading fell 21.3 per cent.
The securities market was smaller but grew too, by 32.0 per cent to KZT 16.6 trillion. Government securities made up the largest part, at KZT 9,030.2 billion, 22.2 per cent more than a year earlier. Corporate debt reached KZT 6,420.5 billion, up 44.4 per cent, of which primary placements were KZT 5,338.5 billion. Bonds of international financial organisations rose 65.7 per cent to KZT 548.0 billion.
Equity trading remained a small share. Shares traded KZT 337.5 billion in ten months, 26.2 per cent more than a year earlier, all on the secondary market. The KASE Global sector doubled to KZT 265.1 billion; in October, the exchange said, it traded KZT 32.1 billion across shares of 49 companies, 16 exchange-traded funds and three depositary receipts.
In October alone, the exchange's equity review shows share trading of KZT 45.5 billion, 2.1 times the September figure. Individuals accounted for 47.1 per cent of gross turnover and non-residents for 9.5 per cent. The KASE Index rose 1.55 per cent to 7,916.32 points, while equity market capitalisation was almost unchanged in tenge at KZT 48.0 trillion and fell 3.3 per cent in dollars to US$105.7 billion. In September, by contrast, equity value fell in tenge but rose in dollars.
Public borrowing continued in October. The finance ministry sold KZT 432 billion of government bonds at four auctions in October, and eight regions and Astana raised KZT 69.2 billion in bonds at the end of the month.
Derivatives remain marginal: futures trading fell 61.4 per cent to KZT 2.9 billion over the ten months.