KASE Made Amends for Renaissance Securities Trading Limited
OREANDA-NEWS. On February 14, 2008 by the Decision of Board of Kazakhstan stock exchange (KASE) on debt certificates BMG749471212 (aBM_RECHe1) of Renaissance Securities Trading Limited (Bermudas), issued under the assigned assets in the form of common shares of Joint stock commercial Savings bank of Russian Federation OJSC under 100% guarantee of Renaissance Capital Holdings Limited (Bermudas), the minimal amount of bid was set for purchase and sale of this financial instrument in the amount of 30 certificates, reported the press-centre of KASE.
At the same time, KASE stops using the "lot" term regarding these certificates.
In accordance with this innovation, implemented by KASE at the instance of the participants of stock market, a deal in the mentioned certificated can be made in any volume, equal 30 securities or exceeding this number.
As it was announced earlier in the news of KASE, initially, when trading in the pointed certificates a lot in the amount of 25 securities had been set. Since January 23 of 2008, due to a sharp decrease in the price of underlying asset the size of this lot has been increased from 25 to 30 securities.
The given certificates have been included in the official list of the special trading floor of the regional financial center of Almaty city (STF RFCA) since December 13 of 2007. Trades in them have been opened since December 24 of 2007. 5,286 units of these certificates have been allowed for trades; their total volume is USD20,002,224.
The responsibilities of market make on these certificates on STF RFCA are taken by Renaissance Capital Investment Kazakhstan JSC (Almaty).
More detailed information of these certificates has been published on KASE web site at http://www.kase.kz/emitters/bm_rech.asp
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