AIX Trading Volume
In October 2022, the trading volume amounted to US$11,644,926, almost unchanged from the previous month. A decrease in trading activity in equity instruments and ETN/ETF, was balanced a 14.3% increase in trading turnover of debt instruments.
Issuers, Brokers, Accounts
As of the end of October 2022, 130 issues of securities by 88 different issuers, including 19 ETNs (Exchange Traded Notes), were included in the official AIX list. AIX trading members are 17 Kazakhstan’s brokers and 12 international brokers. More than 447,000 investor accounts have been opened in the AIX Central Securities Depository.
In October, US$50 million worth of Home Credit Bank bonds were listed on the official AIX list, which is the first tranche of the two-year US$300 million bond program.
AIX Qazaq Index
Throughout October, the AIXQI traded in the green compared to the previous month’s closing level, gaining 2.99% by the end of October. Thus, the AIXQI rose from 854.13 points to 879.71 points. Half of the index companies ended October on a positive note.
The growth leader among the components of the AIXQI were the shares of Kaspi.kz, which ended the month with an increase of 10.78%. At the end of the month, the company reported third quarter 2022 results, which were exceeding expectations – revenues increased by 40%, and Kaspi’s net profit increased by 36%. In addition to announcing positive financial results, the company announced the approval by the Board of Directors of the dividend for the third quarter of 2022 in the amount of 600 KZT per share. According to the results of the previous quarter, the company paid 500 KZT per security.
Kazakhtelecom shares rose 7.63% in October on news of the decision to pay a dividend for 2021 in the amount of 3,509.39 KZT per share. The national telecommunications operator also announced a partial early redemption of bonds placed on AIX totaling 34 billion KZT.
In October, the share price of Bank CenterCredit continued their upward trend, the uptrend at the end of the month was 5.26%. The increase in the value of the bank’s shares may be attributed to the convincing financial results published during the year, improved credit ratings from the S&P and Moody’s agencies, and a significant increase in the bank’s deposit portfolio.
Kazatomprom shares closed October with a gain of 2.58%. In the 3rd quarter, the volume of uranium sales increased by 95% compared to the previous year, the growth was 59% for 9 months. Average selling prices in 2022 were higher than in the same period of 2021 due to the higher spot price for uranium.
The quotes of four companies in the AIXQI changed insignificantly: Central Asia Metals (-0.09%), Halyk Bank (-0.92%), KazTransOil (-1.16%), Kcell (-1.16%).
On October 10, Central Asia Metals presented stable production results for the Q3 2022 at the copper electrowinning plant in Konyrat, Kazakhstan and the zinc metallurgical plant in Sasa (lead mine in Northern Macedonia). For Konyrat, the company announced an increase in the production forecast for 2022.
In the previous month, Halyk Bank announced its intention to approve the amount of the dividend at the Bank’s upcoming October shareholders’ meeting, and so on October 21 it was decided to pay a dividend of 12.71 KZT per share (with a dividend yield of 10.8%).