Review KSE trading from 29 August to 02 September 2016
For the certain period 23 transactions with shares of 10 companies were conducted. The volume of trades on the platform of Kyrgys Stock Exchange increased by 18.60%, amounted to 225.48 mln soms. All transactions were conducted with corporate securities, which 99.49% with shares, 0.51% with bonds.
Primary and secondary market
On the primary market 3 transactions with corporate bonds of JSC Trading house “Min Turkun” were registered for the sale of 155 bonds at the price of 1000 soms per copy.
In the sector of secondary market 20 transactions for 225.33 mln soms were registered. The largest volume on the platform of KSE transactions with the shares of CJSC “UBG Invest” were traded, amounting to 223 890 000 soms with the number of 223.869 shares at a price of 1000 soms. 1 trade was made with the shares of JSC “Central Depository” at 0.15 million soms with the number of shares 4 38 000 soms per copy. 1 trade with corporate bonds of LLC “First Metallobaza” for the amount of 1.0 mln soms in the amount of 200 copies at the nominal price 5000 soms. Also, 1 trade with shares of JSC “International airport Manas” in the amount of 0.20 mln soms, the average price as a result of 75 soms per copy. With the lowest volumes transactions with shares of JSC “MTE Tokmok”, JSC “PSF Bishkekkurulush”, JSC “ZUM Aichurek” were registered.
Review KSE trading from 01 July to 31 July 2016
From 1 July to 31 July on the trading platform of CJSC “Kyrgyz Stock Exchange” CJSC “Zaman” were conducting 55 transactions in the amount of 128,972 597.1 soms with shares of 11 companies in the secondary market sector .
The largest numbers of transactions, namely 30, were registered with shares of OJSC “Kara-Baltinskiy kombinat kommunalnyh predpriyatiy” in the amount of 321 298 soms 4 soms per share. The issuer JSC “UBG Invest”, whose volume of transactions amounted to 119.875 million 1 000 soms per share, took the leading position on the amount of transactions. Then the trade with the shares of OJSC “FinanceCreditBank CC” in the amount of 7,636,356 soms 0,28 som per share took also the leading position. In addition, big trade with the shares of OJSC “Financial Company of Credit Unions” was registered in the total amount of 878,900 soms for 1.13 soms per share.
JSC “Zaman” actively continues to make trades in Osh city, where 13 transactions are registered in this period. 4 transactions were conducted with shares of JSC “Bolot” in the amount of 448 soms, 1 trade with shares of JSC “Zhibek Zholy” in the amount of 1691.5 soms, in the amount of 3330 soms 3 trades were conducted with the shares of JSC “Oshskoe PNU”, 3 transactions in the amount of 2 363 soms with shares of JSC Sapar. The transaction in the amount of 340 KGS soms with shares of JSC “Sulyuktashahtakurulush” was registered as the smallest in terms of trades volume, and the transaction with the shares of JSC “Osh – Djubek” in the amount of 244 620 soms was registered as the biggest.
Review KSE trading from 30 May to 3 June 2016
Last week 137 transactions totaling 381.90 million soms with the number of securities of 25,699,079 copies of 7 companies were registered in the trade system of KSE. Big transaction with shares of OAO “Optima Bank” and ZAO “Financial Company of Credit Unions” were conducted, followed by corporate bonds and equities.
The primary and secondary market.
In the sector of trading in the primary market 122 transactions in the amount of 369, 06 million soms with the securities of 3 companies were carried out for a week , including:. OAO “Optima Bank”, ZAO “Financial Company of Credit Unions” and OAO Trading House Ming Turkun “.
Allocation of corporate bonds of the first issue of ZAO Trading House Min Turkun with profit of 22% per annually is continuing. Last week the amount of sales amounted to 0, 38 million soms, having increased relatively to previous trades at 36, 72%.
Review KSE trading from 18 April to 22 April 2016
The corporate securities market.
Last week, in the trade system of KSE registered 25 deals worth 12.10 million soms with the number of securities 11 844 copies. Regarding the previous period, the total trading volume decreased by 67.10%, mainly as a result of reduction of corporate securities in the secondary market section. It was carried out a major transaction with atsiyami of “Ayu Kurulush”, followed by corporate bonds and equities.
The primary and secondary market.
On the primary market for the week was carried out 10 transactions in the amount of 11, 81 million. Som securities 3 companies. Recorded one transaction on placement of housing certificates of LLC “Ayu Kurulush” in the amount of 2.97 million. Som, located 73 certificate. Certificates are available in quantity of 73 copies at a price of 40 KGS 655.3.
With the highest volume recorded three transactions on placement of corporate bonds of the first issue of Microfinance Company “Salym Finance”, the week has been sold 5957 bonds at a price of 1000 soms for the amount of 5.96 million. Som. Continued occupancy of 22% corporate bonds of JSC Trading House “Ming Turkun”. Total was sold 2887 copies in the amount of 2.88 million. Som and costs 1000 som.
Review KSE trading from 4 April to 8 April 2016
The corporate securities market.
On KSE trading system in the last week recorded 12 deals worth 4.02 million soms with the number of securities of 3365 copies. Regarding the previous period, the total trading volume decreased by 89.55%, mainly as a result of reduction of corporate securities in the secondary market section. It was carried out a major transaction with atsiyami of “Ayu Kurulush”, followed by corporate bonds and equities.
The primary and secondary market.
On the primary market for the week was held 6 transactions in the amount of 2, 99 million. Som securities 3 companies. With the highest volume recorded one transaction on placement of housing certificates of LLC “Ayu Kurulush” in the amount of 2.31 mln. Soms, which accounted for 77.21% of the primary market. Certificates are available in quantity of 57 copies at a price of 40 KGS 470.4.
Three deals were registered for placement of corporate bonds of the first issue Microfinance Company “Salym Finance”, this week it sold 459 bonds at the price of 1000 soms for the amount of 0.46 million. Som. Continued occupancy of 22% corporate bonds of JSC Trading House “Ming Turkun”. Total sales were 222 copies for the price of 1000 soms.
Review KSE trading from 25 January to 29 January 2016
The corporate securities market.
Last week, in the trade system of KSE registered 36 deals worth 8381.63 soms securities of 6 companies, 3 of which are issuers of corporate bonds. Regarding the previous period, trading volume decreased by 35.59%, mainly as a result of reduction of corporate securities in the secondary market section.
According to the types of securities is significantly dominated by transactions with the company’s bonds, which accounted for 95.18% of the weekly trading volume.
The primary and secondary market.
On the primary market for the week to conduct transactions on placement of the two companies – issuers of corporate bonds of CJSC “Kyrgyz Investment and Credit Bank” and JSC IFC “Salym Finance”.
CJSC “Kyrgyz Investment and Credit Bank” continues the placement of the third issue of corporate bonds last week placement volume amounted to 7 760,00 thousand soms, located 7760 bonds at the price of 1000 soms, and the rate of return of 14% per annum.
The microfinance company “Salym Finance” also continues to place corporate bonds of the first issue, the past week the company sold bonds in the amount of 209,00 thousand soms at the price of 1000 soms, the yield on the bonds of 18% per annum.
Review KSE trading from 30 November to 04 December 2015
The corporate securities market.
Last week, in the trade system of KSE registered 32 deals for a total of 9 877.48 thousand soms with the number of securities of 5,702,594 copies of 12 companies. Regarding the previous period, trading volume decreased by 90.66%, mainly due to the reduction of placements in the section of the primary market, with the placement of shares for the period under review has been conducted, and the volume of placement of corporate bonds fell by 66.24%. According to the types of securities slightly dominated by transactions with bonds of companies, resulting in a sector listing appeared in the lead up to the auction of the week.
The primary and secondary market.
On the primary market for the week to conduct transactions on placement of the two companies – issuers of corporate bonds of CJSC “Kyrgyz Investment and Credit Bank” and JSC IFC “Salym Finance”. Total trading volume of the primary market amounted to 2 886.00.
CJSC “Kyrgyz Investment and Credit Bank” continues the placement of the third issue of corporate bonds last week placement volume amounted to 2 854,00 thousand soms, located 2854 bonds at the price of 1000 soms, and the rate of return of 14% per annum.
The microfinance company “Salym Finance” also continues to place corporate bonds of the first issue, the past week the company sold bonds amounting to 32,00 thousand soms at the price of 1000 soms, the yield on the bonds of 18% per annum.
Review KSE trading from 19 to 23 Oktober 2015
Last week JSC “Zaman” produced publication of the fourth issue of shares of OJSC “Financial Company of Credit Unions”, which had a significant impact on the results of trading on the stock exchange last week. It was recorded 130 transactions totaling 11,185,341 soms, which accounted for 68.86% of the trading volume of the primary market and 68.73% of total trading volume for the week. The shares were sold at the price of KGS 1 per copy. The increase in trading volume in the primary market was the result – 94.09%.
Continued placement of bonds in the primary market, the two companies CJSC “Kyrgyz Investment and Credit Bank” and JSC IFC “Salym Finance”. The bonds of the third issue of CJSC “Kyrgyz Investment and Credit Bank” were placed in the amount of 4 076,00 ths. Soms at the price of 1000 soms per share. There were also posted bonds of the first issue of the IFC “Salym Finance” in the amount of 984, 00 thousand soms for as low as 1000 soms per share.
Review KSE trading from 5 to 9 Oktober 2015
Last week, in the trading system of the Kyrgyz Stock Exchange was registered 32 deals worth a total of 7963, 67 thousand som.., An increase of volume of sales at 77.26% compared to the previous period. The increase in trading volume occurred in all sectors. In the primary market increase was – 56.61%, in the secondary market trading dynamics was – 93.30%.
Continued placement of bonds in the primary market, the two companies CJSC “Kyrgyz Investment and Credit Bank” and JSC IFC “Salym Finance”. The bonds of the third issue of CJSC “Kyrgyz Investment and Credit Bank” were placed in the amount of 1 685,00 thousand. Soms for the price of 1000 soms per share. There were also posted bonds of the first issue of the IFC “Salym Finance” in the amount of 1801, 00 thousand soms for as low as 1000 soms per share.
Conference “Securities Market Development up to 2020 – the challenges, ideas and solutions”
From 17 to 19 September in the city of Cholpon-Ata held a Conference consisting of the Training Workshop on improved market and registration of transactions in accordance with the new requirements and the Round Table: “The development of the securities market until 2020 – challenges, ideas and solutions.” The conference was attended by professional participants of the securities market (brokers, dealers, asset managers, independent registrars, depositories, etc..), Representatives of banks, insurance companies, investment and pension funds, experts of the Kyrgyz Stock Exchange.
Just participated in the conference and delivered: Mukanbetov S.T- Chairman of State financial supervision KR, PIRMATOV R .T.- Head of the State Accumulation Pension Fund of the Social Fund of the Kyrgyz Republic.
The conference participants adopted a resolution.
Resolution
Conference participants in the securities market on the “Development of the securities market by 2020 years- challenges, ideas and solutions”
Participants of the conference discussed the issues on the agenda of the conference, noted that there are many urgent issues to be resolved for further sustainable and dynamic development of the securities market of the Kyrgyz Republic.
Resolution of the Government of the Kyrgyz Republic from July 2, 2015 “On amendments and additions to the Decree of the Government of the Kyrgyz Republic” On approval of the rules for securities transactions in the Kyrgyz Republic “from October 17, 2011 and №647 from July 9th, 2015, №476« About Parallel placement and circulation of government treasury bonds of the Kyrgyz Republic with a 5-year treatment “create new favorable conditions for the development of the securities market.
The conference participants discussed the issues of practical implementation of the above resolutions of the Government of the Kyrgyz Republic and made concrete proposals for the implementation of tasks.
Serious problems exist in terms of investment in the real economy of pension assets of the citizens of Kyrgyzstan. These investment vehicles are currently being used for other purposes, they are used to service the public debt and deposits of commercial banks, whereas the funds from 2013 had to be sent through the stock market to the real sector of the economy of Kyrgyzstan.
At the conference were made concrete proposals for the development strategy of the Kyrgyz Stock Exchange to increase its capitalization, conversion of CJSC “KSE” into a public joint stock company.
The conference participants made specific suggestions to improve the accounting system of corporate securities of the Kyrgyz Republic, the disclosure of information on the Kyrgyz Stock Exchange, the introduction of electronic document exchange, the creation of a common market of a professional association.
The conference discussed issues of development of the securities market in Kyrgyzstan, which exist due to the artificial division of it on the market for government securities and corporate securities market. In world practice, there is practically no such analogs. In the CIS, as this separation does not exist. The division of the stock market for government securities, and the SEC has occurred only here in Kyrgyzstan. Handling of government securities takes place on the trading floor of the National Bank, the appeal of corporate securities on the trading floor of the Kyrgyz Stock Exchange. This artificial division of securities seriously hinders its development and hinders the integration of our market into international capital markets.
Currently, the National Bank does not perform its inherent function as an organizer of trade in securities. The laws of the Kyrgyz Republic regulating the activities of the National Bank, the National Bank is not designed as an organizer of trade in securities. Who spent large state funds for the establishment and operation of expensive trading systems of the National Bank of the Kyrgyz Republic. Such costs in a market economy must be borne by market participants, as is done in the Kyrgyz Stock Exchange.
After discussing the questions made by the participants of the conference decided:
1. To take all measures to implement the Resolution of the Government of the Kyrgyz Republic on the transition to market transactions with corporate securities on the trading plorschadke Kyrgyz Stock Exchange.
2. Submit to the Supervisory Board of the Social Fund of the Kyrgyz Republic, the Government of the Kyrgyz Republic and the Jogorku Kenesh recommendations start with 01.01.2016, the investment of pension funds GNPF in the real economy through the stock market, according to the requirements of the Law “On investment funds for the funded part of pensions for state social insurance in the Kyrgyz Republic. ” Asking Gosfinnadzor to hold a meeting of the expert community with the Government of the Kyrgyz Republic on these issues.
3. Increase in financial instruments traded on the KSE is the key to activate the country’s stock market. It is necessary to work out the issues of trade on the stock exchange mortgage-backed securities, certificates of gold and housing certificates, as well as currency.
4. Financial disclosure is the key to attracting investment into the economy. Kyrgyz Stock Exchange must be actively and effectively use the mechanisms provided for in the disclosure of the Law “On the Securities Market” and the recommendations made by the participants of a conference on information disclosure.
5. Move to the discussion of the shareholders of JSC “KSE” the question of the transformation of the Exchange into a public joint stock company in order to increase investor confidence and increase the capitalization of the KSE.
6. Write the Service regulation and supervision of financial market under the Government proposals to improve the accounting system of the securities market.
7. Kyrgyz Stock Exchange and the Central Depository must prepare and submit proposals to the Government of the Kyrgyz Republic on the unification of corporate securities and government securities market based on the trading floor of the Kyrgyz Stock Exchange.
Resolution adopted by 19.09. 2015. Cholpon-Ata.