Astana International Exchange is pleased to announce its market operational results of the 14th and the 15th November 2018.
During the first two days of trading in ordinary shares of JSC “NAC “Kazatomprom” (“Kazatomprom”), 780 trades with a quantity of 188,258 shares totaling 887.6 million Tenge were executed through by seven brokers – trading members of AIX.
On the 16th November AIX CSD successfully settled the 381 trades from the first day of AIX trading, with aggregate quantity of 105,716 shares totaling 503.3 million Tenge being settled.
Both Freedom Finance and CICC started market making in KAP and KAP.Y on the 15th November, ensuring that there is liquidity for buyers and sellers.
Tim Bennett, AIX’s CEO commented:
“AIX’s trading system operated flawlessly, demonstrating the benefit of the significant amount of planning, testing and operations that the AIX team has undertaken over the past nine months. The participation of market makers will ensure that retail investors are able to buy shares in KAP even if they did not participate in the IPO.”
As previously reported, AIX successfully listed Eurobonds of the Ministry of Finance of the RK on the 14th November 2018. The absence of sellers in the market has resulted in no trades in these securities. “We understand the investors who participated in Eurobond issue are long-term holders which means there will be limited trading in the short-term”, Mr. Bennett commented.
AIX. Astana International Exchange (AIX) was formed in 2017 as part of the development of the Astana International Financial Centre, AIFC. On the 14th November 2018, the first trading session on AIX has been launched by the President of the Republic of Kazakhstan Nursultan Nazarbayev. AIX’s shareholders include AIFC, Goldman Sachs, Shanghai Stock Exchange, the Silk Road Fund and NASDAQ, which also provides AIXs trading platform. www.aix.kz
AIFC. The AIFC was established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. www.aifc.kz
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