AIX Trading Volume
In July 2022, the trading turnover was $18,807,867, increasing by 14.3% compared to the previous month. Trading volume in July rose essentially thanks to high turnover in bonds of Mobile World, a subsidiary of Freedom Finance.
Issuers, Brokers, Accounts
As of the end of July 2022, 131 issues of securities from 87 different issuers, including 19 ETNs (Exchange traded notes), comprised the AIX official list. AIX trading members are 17 Kazakhstan and 11 international brokers. More than 361 thousand investor accounts have been opened in the AIX Central Securities Depository.
At the end of June, the total market capitalization of companies listed on the equity segment in AIX (Kazatomprom, Polymetal, Halyk Bank, Ferro-Alloy Resources Limited, Bank CenterCredit, Kaspi.kz) exceeds USD 22.7 billion.
In July 2022, the AIX official list saw the addition of bonds of Kaztemirtrans JSC in the amount of KZT 33 billion. The company is the largest operator of freight car fleet in the Republic of Kazakhstan.
In July, A Memorandum of Understanding was signed between AIX and the Saudi Stock Exchange (Tadawul) to establish cooperation in mutually beneficial areas: exchange of information and research in FinTech, exploring the possibility of cooperation in sustainable development and ESG, joint collaboration on exchange products, IR, educational and other issues.
A significant increase in the US stock market and other leading global stock exchanges from previous lows recorded in June contributed to an increase in investors’ appetite for risk, which also had a positive effect on emerging markets. As a result, July turned out to be a positive month for the Kazakhstan stock market. By the end of July 2022, the AIXQI index had increased by 13.5% month-to-month, from 764.87 to 764.87.
All index constituents, with the exception of Halyk Bank, ended the month in positive territory. Shares of the largest bank of Kazakhstan adjusted down (-5.27%) after a double-digit growth rate in the previous month. Kcell shares led the pack in June (+32.42%), that growth largely due to positive reporting for the first half of 2022 (net profit increased by 19%, amounting to KZT 10.1 billion). The strong decline of the telecom operator’s shares, which occurred in the previous months, also helped spur this rise. In July, KazTransOil reported better than forecasted numbers, showing that in the first half of the year, the total volume of transportation decreased by only 2.3% compared to the same period in 2021. The share value of the national operator of the main oil pipeline increased by 19.85%. Kaspi (+17.25%) and Kazatomprom (+16.64%) shares also showed a recovery trend in June, the market compensating the previous falls that occurred despite the publication of positive financial results of both companies, and in case of Kazatomprom, even the decline in uranium prices did not exert significant pressure. Central Asia Metals shares rose by 14.29% in July against the background of positive expectations of reaching the peak of inflationary pressure in Western markets, and, as a result, hopes for a less stringent policy of central banks. Also in July, the Bank CenterCredit shares rose (+9.6%) thanks to S&P Global Ratings upgrading of BCC’s long-term credit rating from “B” to “B+” with a Stable outlook due to the improvement of the business position due to improved profitability and asset quality. Kazakhtelecom quotes have traditionally not been prone to strong fluctuations. At the end of July, shares of the telecommunications leader showed moderate growth (+3.7%).
