14 August, 2007
Kyrgyz shares – attractive tool for investments
Increase of home companies' stock prices is going on and once more assures us that Kyrgyz stock is an attractive tool for investments. Thus by last week's trade totals ABIndex has fixed new result, closing at the level of 136,31 points. This is 1,44% more than previous week. This time positive influence for ABIndex increase has been made by not only OJSC "TNC "Dastan"'s (DAST) stock popularity increase, which have risen by 4,2% since last week, but also OJSC "Kyrgyztelecom"'s (KTEL) stock which have risen up in price by 2,85%.
Increase up to 350 soms (+4,2%) of DAST stock was also accompanied with number of transactions increase. Thus since the beginning of the week 39 transactions amounting 5,3 million soms have been registered. As is became know from printed mass media Management and Board of directors of OJSC "TNC "Dastan" have made a decision on start of DAST stock redemption in the amount of 127 573 shares, which states 10% of total amount of the plant's stock in circulation. The stock will be purchased by the Company since 10 September 2007 till 10 September 2008 at the market price at the date of purchase.
Significant support to stock market has been given by price increase of OJSC "Kyrgyztelecom"'s stock. 23,1 thousand soms transaction with the stock has been registered. Since last week buy price of KTEL stock has increased by almost 3%, and the best quotations are the following: buy - 14,411 soms, sell = 18 soms per share. By BNC Finance experts' opinions KTEL stock price increase is caused by coming privatization of the company. Moreover State property committee has declared a tender among valuation companies for estimation of 77,84% OJSC Kyrgyztelecom's stock . On the 17th of September of this year a winner of the tender will be declared, the winner will evaluate state share of KTEL stock.
During the whole week only stock that have been traded was the stock which is included in United stock index ABIndex. Leader in trade volumes of the last week is OJSC Kyrgyzneftegaz. Trade volume has amounted 30,8 million soms at nominal value of 43 soms per share. Trade volume with OJSC Manas International Airport's stock has amounted 45,7 thousand soms at average price of 17,58 som per share. In addition there have been 3 transactions with OJSC Electric stations amounting 564,2 thousand soms. Maximum price per share has amounted 4,59 soms, however it hasn't positively affected ABIndex dynamics because market price and real demand for the shares still stays at the level of 2,2 soms. 2 transactions with OJSC National electric network of Kyrgyzstan's stock amounting 5,7 thousand soms have been registered. Also there have been transactions with OJSC Severelectro's stock amounting 3,5 thousand soms at the price of 0,4 soms per share.
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