Issue 496 - 11.11.2019
11.11.2019

Kyrgyz stock exchange sees decline in securities trade

In October, 216 transactions with corporate securities of 33 companies and state treasury bills with a circulation period of six months in the total amount of KGS 113.3 million were registered in the Kyrgyz Stock Exchange trading system.

By September, the trading volume increased threefold, transactions in the primary trading section had a significant impact, in particular, the transaction on the placement of an additional issue of shares of Bakai Bank, which in share terms occupied 61% of the total trading volume of the month, and transactions with corporate bonds, the placement volume of which also tripled.

In contrast to the primary, the secondary market showed a decrease, which was due to a decrease in trading volume both in stocks of companies (-0.24%) and bonds (-82.4).

On October 10, two transactions with government treasury bills with a circulation period of six months were recorded in the primary market section. The placement volume amounted to 900 thousand som at a price of 97 som per copy.

Of the total trading structure of the month, 91% was occupied by transactions on placement of corporate securities. In total, 52 transactions with the volume of KGS 103.5 million with securities of 5 companies were registered in the primary market, 2 of which placed shares, 3 companies bonds.

The transaction with the largest volume in the sector was placed on the placement of an additional 21 issues of ordinary shares of Bakai Bank OJSC, in the framework of the decision taken by the bank's shareholders in July to increase the authorised capital. The placement volume amounted to 69.7 million som, the shares were placed at a nominal price of 47 som per share.

In addition to Bakai Bank, an additional issue of shares was placed by Ak-Zhol Oin the section. The placement was closed, the director of the company became the owner. As a result of the transaction, the authorised capital of the company increased by 600 thousand som.

The bonds were placed by 3 companies in the section OSFC Salym Finance, Trading House Min Turkun and Pervaya metallobaza, 2 of which Salym Finance and Pervaya metallobaza, at the end of October completed the placement of additional bond issues .

By the amount of trades with the largest volume, transactions with bonds of Salym Finance were recorded. The company set a record for monthly bond placement by selling 51.2% of bonds of the 5th issue in October to KGS 25.6 million. The sale of issue bonds began in May of this year, the volume of placement amounted to 50 million som at a price of 1 thousand som and a rate of 15% per annum, as of the end of October all bonds of the company's issue were sold.

Bonds of Pervaya Metallobaza in October were sold for 7.5 million som. The fourth bond issue of the company was registered in the amount of 80 million som at a price of 1 thousand som and a yield rate of 15% per annum. The sale of issue bonds began in April of the current year; as of the end of October, all issue bonds were sold.

In October, 1 transaction on the placement of bonds of the 4th issue of Trading House Min Turkun was recorded, the transaction volume was 20 thousand som.

In the secondary market in October, 162 transactions were carried out in the amount of 8.8 million som. 65% of the sector’s trading volume was traded with shares of strategic companies, including Bishkekteploset, Kyrgyztelecom, Manas International Airport, Severelectro, Electric Stations and Kyrgyzneftegaz million som, almost the entire volume was occupied by transactions with shares of Severelectro at 3.6 million som and shares of Kyrgyzneftegaz at 1.8 million som. According to the results of transactions in October, the growth dynamics were shown by the shares of Kyrgyztelecom (+0.79 som), Airport Manas (+5 som), Severelectro (+0.05 som) and Kyrgyzneftegaz (+1 som). Only Bishkekteploseti shares decreased in price (-0.34 som). No dynamics was observed for the shares of Power Plants.

With ordinary shares of companies worth more than one million som in the sector, only deals with shares of Kantsky Cement Plant were carried out, the trading volume amounted to 1.1 million som, the price of the company's share for the month rose to 290 som (+20 som).

Slightly lower than a million som, transactions with ordinary shares of Argymak (800 thousand som) were recorded.

In the sector, 7 transactions were registered with bonds in the total amount of 600 thousand som, including bonds of the companies Salym Finance, Trading House Min Turkun, Ihsan-Oriks and Pervaya metallobaza. Following the results of transactions, the bonds of Ihsan-Oryks (+19.28 som) and Pervaya metallobaza (+20.52 som) exceeded the face value. Bonds Salym Finance were traded at face value. The price of Min Turkun bonds was below the nominal by 30 som.

Transactions in securities of listed companies in October accounted for 35% of the total trading volume, of which 23 transactions in the amount of KGS 5.5 million with ordinary shares of Bishkekteploset OJSC, Kyrgyztelecom OJSC, Manas International Airport OJSC, Severelectro OJSC, Uchkun Oand Electric Power Plants OJSC; and 57 transactions totaling 33.8 million som were carried out with corporate bonds of OMFK Salym Finance, OTrading House Min Turkun, Ihsan-Oryks and Pervaya Metallobaza. The total trading volume of the listing sector amounted to 39.3 million som.

Reported by Akchabar (Kyrgyzstan).

Kyrgyzstan General

11.11.2019

1 killed as 2 gas cylinders explode downtown Bishkek

Two gas cylinders are presumed to have exploded at the fast food café Antoshka in Bishkek.

The interval between explosions made near 10 minutes, Bishkek city police department said.

The first explosion occurred near 1.45 pm and the cafe burst into flames. Visitors of the cafe and restaurant above the cafe were...

Two gas cylinders are presumed to have exploded at the fast food café Antoshka in Bishkek.

The interval between explosions made near 10 minutes, Bishkek city police department said.

The first explosion occurred near 1.45 pm and the cafe burst into flames. Visitors of the cafe and restaurant above the cafe were...

11.11.2019

Kyrgyz government simplifies arrival procedures for groups of foreign tourists

The Kyrgyz government has simplified the process of arrival of foreign citizens in tourist groups. The minimum size of the group is set under 5. The maximum size of the group will be 15 people. This information came from the meeting of the interdepartmental commission for tourism coordination led by...

The Kyrgyz government has simplified the process of arrival of foreign citizens in tourist groups. The minimum size of the group is set under 5. The maximum size of the group will be 15 people. This information came from the meeting of the interdepartmental commission for tourism coordination led by...

11.11.2019

Kyrgyz government hopes to boost number of foreign tourists to 6 million by 2023

The Kyrgyz government has a program on development of tourism industry for 2019-2023 that is focused on increase of foreign tourists visiting Kyrgyzstan.

The plan for 2019 was 4.8 million foreign tourists.

This figure is planned to grow to 5.1 million in 2020, to 5.3 million in 2021 and 5.6 million in...

The Kyrgyz government has a program on development of tourism industry for 2019-2023 that is focused on increase of foreign tourists visiting Kyrgyzstan.

The plan for 2019 was 4.8 million foreign tourists.

This figure is planned to grow to 5.1 million in 2020, to 5.3 million in 2021 and 5.6 million in...

Finance and Investment

11.11.2019

Kyrgyzstan enters the TOP-5 debtors of China

Kyrgyzstan’s debt to China amounted to 30% of the country's GDP. This is reported by China Lending to foreign countries, published by the National Bureau of Economic Research.

In the study, debt to China was estimated in relation to the country's GDP.

The article provides a list of countries with the largest...

Kyrgyzstan’s debt to China amounted to 30% of the country's GDP. This is reported by China Lending to foreign countries, published by the National Bureau of Economic Research.

In the study, debt to China was estimated in relation to the country's GDP.

The article provides a list of countries with the largest...

11.11.2019

GDP growth in Kyrgyzstan over 9 months reaches 6.1%

GDP growth in the first three quarters of 2019 reached 6.1%. In 2018, the indicator was 3.5%, which reflects the significant growth in the mining and manufacturing industries and the effect of a low base. This was announced in his study by the EBRD.

Excluding the Kumtor gold mining enterprise, GDP...

GDP growth in the first three quarters of 2019 reached 6.1%. In 2018, the indicator was 3.5%, which reflects the significant growth in the mining and manufacturing industries and the effect of a low base. This was announced in his study by the EBRD.

Excluding the Kumtor gold mining enterprise, GDP...

11.11.2019

Economic growth of Kyrgyzstan poised to drop to 3.7% in 2020

In 2020, the economic growth of Kyrgyzstan will drop to 3.7% due to a slowdown in the growth of the mining industry. This was reported by the EBRD in its study.

Public investment and private consumption are expected to support short-term economic growth.

In the first eight months of 2019, exports increased...

In 2020, the economic growth of Kyrgyzstan will drop to 3.7% due to a slowdown in the growth of the mining industry. This was reported by the EBRD in its study.

Public investment and private consumption are expected to support short-term economic growth.

In the first eight months of 2019, exports increased...

11.11.2019

Market price of Bakai and BTA banks to be determined by book value

At an extraordinary general meeting of shareholders of Bakai Bank, a decision was made to determine the market value of the assets of Bakai Bank and BTA Bank.

The majority of Bakai Bank shareholders voted to determine the market value of the assets of two banks based on their book value,...

At an extraordinary general meeting of shareholders of Bakai Bank, a decision was made to determine the market value of the assets of Bakai Bank and BTA Bank.

The majority of Bakai Bank shareholders voted to determine the market value of the assets of two banks based on their book value,...

11.11.2019

Greenback gathers steam amidst political confusion

The dollar rose to a three-week high on Friday, getting some safe-haven bids, as risk appetite for higher-yielding currencies took a step back amid renewed uncertainty about the rollback of existing tariffs, a major component of a preliminary U.S.-China trade deal.

The yen, another safe haven, rose as well. U.S. President...

The dollar rose to a three-week high on Friday, getting some safe-haven bids, as risk appetite for higher-yielding currencies took a step back amid renewed uncertainty about the rollback of existing tariffs, a major component of a preliminary U.S.-China trade deal.

The yen, another safe haven, rose as well. U.S. President...

Metals and Minerals

11.11.2019

Kyrgyzstan considers income tax for gold mining companies

The introduction of income tax for gold mining companies will require other concessions from the state. This is stated in a study published by the Ministry of Economy.

The study considers the introduction options:

Introduction of a 10% income tax in relation to gold mining enterprises;

the introduction of a 10% corporate income...

The introduction of income tax for gold mining companies will require other concessions from the state. This is stated in a study published by the Ministry of Economy.

The study considers the introduction options:

Introduction of a 10% income tax in relation to gold mining enterprises;

the introduction of a 10% corporate income...

11.11.2019

Auction for exploitation rights of limestone deposit in Kyrgyzstan announced

The State Industry, Energy and Mining Committee has announced auction for the right to develop the Sary-Tash shale limestone deposit.

The South-Eastern bloc of the Sary-Tash deposit lies in Uzgen district of Osh region.

The bloc is estimated to host 240,000 cbm of shale limestone.

The starting price has been set at $32,862.

The...

The State Industry, Energy and Mining Committee has announced auction for the right to develop the Sary-Tash shale limestone deposit.

The South-Eastern bloc of the Sary-Tash deposit lies in Uzgen district of Osh region.

The bloc is estimated to host 240,000 cbm of shale limestone.

The starting price has been set at $32,862.

The...

11.11.2019

Kyrgyz Parliament demands additional funding to State Mining Committee

The parliamentary committee for fuel and energy complex has tasked the Kyrgyz government to allocate additional funding for the headquarters of the State Industry, Energy and Mining Committee for 2020.

Thus, some 17 million som is supposed to be spent for incentives for workers of the Committee to prevent resignation of...

The parliamentary committee for fuel and energy complex has tasked the Kyrgyz government to allocate additional funding for the headquarters of the State Industry, Energy and Mining Committee for 2020.

Thus, some 17 million som is supposed to be spent for incentives for workers of the Committee to prevent resignation of...

11.11.2019

Precious metals lose ground, observers lack market-oriented arguments

Gold prices fell on Friday and were on track for their biggest weekly decline in almost 3 years as a stronger dollar weighed, while optimism around U.S.-China trade talks dented bullion’s safe-haven appeal.

Spot gold was down 0.6% at $1,458.52 per ounce at 1309 GMT, poised for its biggest weekly drop...

Gold prices fell on Friday and were on track for their biggest weekly decline in almost 3 years as a stronger dollar weighed, while optimism around U.S.-China trade talks dented bullion’s safe-haven appeal.

Spot gold was down 0.6% at $1,458.52 per ounce at 1309 GMT, poised for its biggest weekly drop...

11.11.2019

Expensive US dollar, stagnant sales pull base metal prices down

Aluminium prices slipped from a near two-month peak on Friday  as analysts warned that producers were on the sidelines ready to hedge.

The price of aluminium had rallied 6% over the past two weeks, largely fuelled by bearish investors buying back their short positions.

But the global market is expected to flip...

Aluminium prices slipped from a near two-month peak on Friday  as analysts warned that producers were on the sidelines ready to hedge.

The price of aluminium had rallied 6% over the past two weeks, largely fuelled by bearish investors buying back their short positions.

But the global market is expected to flip...

Trade and Consumer Goods

11.11.2019

Annual inflation in Kyrgyzstan reaches 2.3%

Annual inflation in September 2019 was 2.3%, which is significantly lower than the target range of 5-7%. This was reported by the EBRD.

The low inflationary environment prompted the central bank to lower the rate twice in 2019, by 25 basis points each time in February and May to 4.50% and...

Annual inflation in September 2019 was 2.3%, which is significantly lower than the target range of 5-7%. This was reported by the EBRD.

The low inflationary environment prompted the central bank to lower the rate twice in 2019, by 25 basis points each time in February and May to 4.50% and...

11.11.2019

Close to 17,000 tons of sugar produced in Kyrgyzstan in 2019

Sugar production in Kyrgyzstan amounted to 427.4 million soms in 9 months of this year, the Ministry of Agriculture said.

Sugar production output stood at 1.196 billion soms in the same period of the previous year.

16,936 tons of sugar was produced in the first 9 months of this year, including 16,723...

Sugar production in Kyrgyzstan amounted to 427.4 million soms in 9 months of this year, the Ministry of Agriculture said.

Sugar production output stood at 1.196 billion soms in the same period of the previous year.

16,936 tons of sugar was produced in the first 9 months of this year, including 16,723...

11.11.2019

Kyrgyzstan imports goods from Iran for almost $ 6.7 million

Kyrgyzstan imported goods for $5.458 million from Iran in January-May of 2018. This year Kyrgyzstan imported goods for $6.666 million.

Kyrgyzstan heavily imports coffee, tea, vegetables, confectionery, plastic and glass products, etc. from Iran.

In the first 5 months of 2018, Kyrgyzstan exported goods to Iran for $3.913 million. This year exports...

Kyrgyzstan imported goods for $5.458 million from Iran in January-May of 2018. This year Kyrgyzstan imported goods for $6.666 million.

Kyrgyzstan heavily imports coffee, tea, vegetables, confectionery, plastic and glass products, etc. from Iran.

In the first 5 months of 2018, Kyrgyzstan exported goods to Iran for $3.913 million. This year exports...

Agriculture

11.11.2019

Kyrgyzstan imports 6.9 billion som of crop products over 8 months of 2019

The imports of agricultural products, food and processing industries in January-August 2019 amounted to 29 billion 324.2 million som or $420.4 million, which is 7.4% more than the same period in 2018. This was reported in the materials of the Ministry of Agriculture.

Crop products were imported in the amount of...

The imports of agricultural products, food and processing industries in January-August 2019 amounted to 29 billion 324.2 million som or $420.4 million, which is 7.4% more than the same period in 2018. This was reported in the materials of the Ministry of Agriculture.

Crop products were imported in the amount of...

11.11.2019

Premium flour in Kyrgyzstan rises by 3.9% in October

The National Statistics Committee provided data on average prices in the flour market as of November 6, 2019. A brief overview of 18 settlements of the republic

Analysis of daily monitoring of retail prices for the first week of November 2019 for premium and first grade flour in 18 settlements of...

The National Statistics Committee provided data on average prices in the flour market as of November 6, 2019. A brief overview of 18 settlements of the republic

Analysis of daily monitoring of retail prices for the first week of November 2019 for premium and first grade flour in 18 settlements of...

11.11.2019

Import of livestock products in Kyrgyzstan amounts to 312.1 million som

The imports of agricultural products, food and processing industries in January-August 2019 amounted to 29 billion 324.2 million som or $420.4 million, which is 7.4% more than the same period in 2018. It is reported by the Ministry of Agriculture.

Import of livestock products amounted to 312.1 million som or 4...

The imports of agricultural products, food and processing industries in January-August 2019 amounted to 29 billion 324.2 million som or $420.4 million, which is 7.4% more than the same period in 2018. It is reported by the Ministry of Agriculture.

Import of livestock products amounted to 312.1 million som or 4...

11.11.2019

Some 30 million som to be spent for construction of plant quarantine laboratories in southwestern Kyrgyzstan

The Plant Quarantine Department will receive nearly 30 million som for the construction of plant quarantine laboratories in Batken and Jalal-Abad regions according to a draft resolution of the Kyrgyz government.

Construction of a plant quarantine laboratory is ongoing in the Naryn region. The Osh laboratory has been equipped with necessary...

The Plant Quarantine Department will receive nearly 30 million som for the construction of plant quarantine laboratories in Batken and Jalal-Abad regions according to a draft resolution of the Kyrgyz government.

Construction of a plant quarantine laboratory is ongoing in the Naryn region. The Osh laboratory has been equipped with necessary...

11.11.2019

US wheat benchmark futures fail to strengthen for lack of market signals

U.S. corn futures firmed on Friday after the U.S. Department of Agriculture lowered its U.S. yield and harvest forecasts in a monthly crop report, though gains were kept in check by worries about weak demand.

Soybeans fell as the USDA left its U.S. crop yield and harvest outlooks unchanged despite poor...

U.S. corn futures firmed on Friday after the U.S. Department of Agriculture lowered its U.S. yield and harvest forecasts in a monthly crop report, though gains were kept in check by worries about weak demand.

Soybeans fell as the USDA left its U.S. crop yield and harvest outlooks unchanged despite poor...

11.11.2019

Sales value of exported agricultural products from Kyrgyzstan exceeds $165 million in 9 months of 2019

Foreign trade turnover of Kyrgyzstan on agricultural and processed products amounted to $585.5 million in 9 months of 2019 and grew by 12.1%, according to the Ministry of Agriculture.

Exports of agricultural products grew by 25.8% and amounted to $165.2 million.

Imports grew by 7.4% to make $420.4 million.

Exports of agricultural products,...

Foreign trade turnover of Kyrgyzstan on agricultural and processed products amounted to $585.5 million in 9 months of 2019 and grew by 12.1%, according to the Ministry of Agriculture.

Exports of agricultural products grew by 25.8% and amounted to $165.2 million.

Imports grew by 7.4% to make $420.4 million.

Exports of agricultural products,...

11.11.2019

Food output value in Kyrgyzstan nears 16 billion som in 9 months of 2019

Kyrgyzstan has produced food products for 15.808 billion som in 9 months of 2019, according to the Ministry of Agriculture.

The production of food products in the same period of the previous year amounted to 15.451 billion som.

Processing and production of canned fruits and vegetables stood at 304 million som versus...

Kyrgyzstan has produced food products for 15.808 billion som in 9 months of 2019, according to the Ministry of Agriculture.

The production of food products in the same period of the previous year amounted to 15.451 billion som.

Processing and production of canned fruits and vegetables stood at 304 million som versus...

Manufacturing industry

11.11.2019

Construction of waste recycling plant in Kyrgyzstan to begin in March 2020

The construction of a waste recycling plant will start in March 2020, said the representative of the Bishkek Landfill municipal enterprise at the session of mayor’s office on Nov 4.

According to him, 5 applications were received for tender from companies of Russia, Estonia, South Korea and China. 3 companies passed...

The construction of a waste recycling plant will start in March 2020, said the representative of the Bishkek Landfill municipal enterprise at the session of mayor’s office on Nov 4.

According to him, 5 applications were received for tender from companies of Russia, Estonia, South Korea and China. 3 companies passed...

Oil and Gas Sector

11.11.2019

Brent gains clout, Washington’s contradictions pointed at

Oil prices edged higher on Friday, after falling more than 1% following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China. Brent crude futures rose 22 cents to settle at $62.51 a barrel. West Texas Intermediate (WTI) crude rose 9 cents to...

Oil prices edged higher on Friday, after falling more than 1% following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China. Brent crude futures rose 22 cents to settle at $62.51 a barrel. West Texas Intermediate (WTI) crude rose 9 cents to...

11.11.2019

North Sea region’s natural gas benchmarks rise as Norway keeps hand on tap

Britain’s prompt gas prices rose on Friday as cold temperatures increased demand for gas-fired power, offsetting a rise in Norwegian imports and liquefied natural gas (LNG) supplies.

Gas for within-day delivery was 2.95 pence higher at 38.00 pence/therm by 0850 GMT.

Day-ahead gas rose by 1.95 pence to 38.55 pence/therm.

Gas for weekend...

Britain’s prompt gas prices rose on Friday as cold temperatures increased demand for gas-fired power, offsetting a rise in Norwegian imports and liquefied natural gas (LNG) supplies.

Gas for within-day delivery was 2.95 pence higher at 38.00 pence/therm by 0850 GMT.

Day-ahead gas rose by 1.95 pence to 38.55 pence/therm.

Gas for weekend...

Communications and Transportation

11.11.2019

Kyrgyztelecom branch spends 1.4 million som on supports

The Issyk-Kul branch of Kyrgyztelecom announced a tender for the purchase of reinforced concrete supports CB-75-3. This is stated in the materials of the public procurement portal.

According to the tender documentation, it is planned to spend 1 million 400 thousand som on supports.

The procurement method is simplified;

The deadline for submitting...

The Issyk-Kul branch of Kyrgyztelecom announced a tender for the purchase of reinforced concrete supports CB-75-3. This is stated in the materials of the public procurement portal.

According to the tender documentation, it is planned to spend 1 million 400 thousand som on supports.

The procurement method is simplified;

The deadline for submitting...

11.11.2019

Freight transportation in Kyrgyzstan tops 24 million tons in 9 months of 2019

The volume of freights transported by all kinds of transport exceeded 24 million tons in 9 months of 2019 and grew by 3.5% compared to the same period of the previous year, according to the National Statistical Committee.

In September 2019, the freight transportation grew by 13.2% compared to August and...

The volume of freights transported by all kinds of transport exceeded 24 million tons in 9 months of 2019 and grew by 3.5% compared to the same period of the previous year, according to the National Statistical Committee.

In September 2019, the freight transportation grew by 13.2% compared to August and...

Regional News

11.11.2019

Russia’s Sberbank posts narrow upside, dividends expected to peak

Sberbank is the largest Russian bank, accounting for about a third of all bank assets of the country and 45% of all deposits of the population.

Shareholders’ yield for 9 months amounted to RUB 633 billion (-3.4% yoy) or RUB 703 billion (8% yoy) excluding a one-time loss. ROE TTM profitability...

Sberbank is the largest Russian bank, accounting for about a third of all bank assets of the country and 45% of all deposits of the population.

Shareholders’ yield for 9 months amounted to RUB 633 billion (-3.4% yoy) or RUB 703 billion (8% yoy) excluding a one-time loss. ROE TTM profitability...

11.11.2019

Nornickel leads in Russian stock yield

More Russian issuers are moving to pay interim dividends, trying to distribute payments evenly. The exception is the financial sector. On the basis of good accounts of issuers and promises of management, good payments on shares of MoS Exchange, Sberbank and VTB can be expected.

The real dividend generator is Nornickel,...

More Russian issuers are moving to pay interim dividends, trying to distribute payments evenly. The exception is the financial sector. On the basis of good accounts of issuers and promises of management, good payments on shares of MoS Exchange, Sberbank and VTB can be expected.

The real dividend generator is Nornickel,...

11.11.2019

Rosneft to release working capital worth about $1-2 billion in coming quarters

Russia’s largest, state-controlled oil company Rosneft can increase dividends at the end of 2019 against the background of strong financial results, said the head of Rosneft Igor Sechin, commenting on the financial results of the company.

On September 30 shareholders of the company approved payment of record interim dividends in the...

Russia’s largest, state-controlled oil company Rosneft can increase dividends at the end of 2019 against the background of strong financial results, said the head of Rosneft Igor Sechin, commenting on the financial results of the company.

On September 30 shareholders of the company approved payment of record interim dividends in the...

11.11.2019

Peking Russia’s stocks, currency lose gains as causes sought from Washington to

The Russian rouble slipped against the dollar on Friday over uncertainty surrounding the lingering trade war between Beijing and Washington and higher foreign currency purchases by the finance ministry.

At 0730 GMT, the rouble was 0.3% weaker against the dollar at 63.74 and had lost 0.4% to trade at 70.42 versus...

The Russian rouble slipped against the dollar on Friday over uncertainty surrounding the lingering trade war between Beijing and Washington and higher foreign currency purchases by the finance ministry.

At 0730 GMT, the rouble was 0.3% weaker against the dollar at 63.74 and had lost 0.4% to trade at 70.42 versus...

11.11.2019

Mistrust in Trump&Co presses Chinese stocks down

China shares reversed gains to end lower on Friday as a Reuters report suggesting White House officials opposed rolling back tariffs on Beijing raised uncertainty around the first phase of a trade deal.

The Shanghai Composite index closed down 0.5% at 2,964.18, the lowest close since November 1. The index inched...

China shares reversed gains to end lower on Friday as a Reuters report suggesting White House officials opposed rolling back tariffs on Beijing raised uncertainty around the first phase of a trade deal.

The Shanghai Composite index closed down 0.5% at 2,964.18, the lowest close since November 1. The index inched...

11.11.2019

China announces 20 policies to upgrade business environment for foreign investors

China has rolled out 20 measures friendly to foreign investors, including further removing business restrictions and leveling the playing field for foreign businesses, to safeguard a more "fair, transparent and predictable" business environment for foreign enterprises.

The State Council, China's Cabinet, released a guideline on further improving the utilization of foreign...

China has rolled out 20 measures friendly to foreign investors, including further removing business restrictions and leveling the playing field for foreign businesses, to safeguard a more "fair, transparent and predictable" business environment for foreign enterprises.

The State Council, China's Cabinet, released a guideline on further improving the utilization of foreign...

11.11.2019

China maintains balance in cross-border trade, investment

China maintained a balance in cross-border trade and investment in the first three quarters, indicated by a $143.2 billion surplus in the current account and $27.7 billion net inflows of foreign direct investment, the State Administration of Foreign Exchange reported on Friday.

The current account surplus was mainly due to the...

China maintained a balance in cross-border trade and investment in the first three quarters, indicated by a $143.2 billion surplus in the current account and $27.7 billion net inflows of foreign direct investment, the State Administration of Foreign Exchange reported on Friday.

The current account surplus was mainly due to the...

11.11.2019

China’s logistics activities pick up in October

China's logistics activities picked up their pace in October, according to industry data.

The logistics performance index for October came in at 54.2 percent, 0.4 percentage points higher than that in September, according to the China Federation of Logistics and Purchasing.

A reading above 50 percent indicates expansion while a reading below...

China's logistics activities picked up their pace in October, according to industry data.

The logistics performance index for October came in at 54.2 percent, 0.4 percentage points higher than that in September, according to the China Federation of Logistics and Purchasing.

A reading above 50 percent indicates expansion while a reading below...

11.11.2019

Eni ready to diversity its projects in Turkmenistan

Eni Vice President for Central Asia Luca Vignati said at the Turkmenistan-Italy business forum that the company invested more than $2 billion in its Turkmen project.

The company extracts over 2,000 tons of oil a day there now.

Luca Vignati said Eni is ready to diversify its projects in Turkmenistan. Renewable energy...

Eni Vice President for Central Asia Luca Vignati said at the Turkmenistan-Italy business forum that the company invested more than $2 billion in its Turkmen project.

The company extracts over 2,000 tons of oil a day there now.

Luca Vignati said Eni is ready to diversify its projects in Turkmenistan. Renewable energy...

Prices and Statistics

11.11.2019

Commodities

Date: November 11, 2019; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 56.77 -0.47 -0.82% Dec 2019 11:46 PM
CO1:COMBrent Crude (ICE) USD/bbl. 61.96 -0.55 -0.88% Jan 2020 11:45 PM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 162.19 -1.18 -0.72% Dec 2019 11:41 PM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.71 -0.08 -2.83% Dec 2019 11:45 PM
HO1:COMHeating Oil (Nymex) USd/gal. 190.67 -1.14 -0.59% Dec 2019 11:43 PM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
GC1:COMGold (Comex) USD/t oz. 1,463.10 +0.20 +0.01% Dec 2019 11:45 PM
XAUUSD:CURGold Spot USD/t oz. 1,462.48 +3.48 +0.24% N/A 11:56 PM
SI1:COMSilver (Comex) USD/t oz. 16.83 +0.00 +0.01% Dec 2019 11:45 PM
HG1:COMCopper (Comex) USd/lb. 267.75 -0.45 -0.17% Dec 2019 11:46 PM
XPTUSD:CURPlatinum Spot USD/t oz. 887.40 +0.19 +0.02% N/A 11:56 PM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
C 1:COMCorn (CBOT) USd/bu. 375.50 -1.75 -0.46% Dec 2019 11:45 PM
W 1:COMWheat (CBOT) USd/bu. 508.75 -1.50 -0.29% Dec 2019 11:42 PM
CC1:COMCocoa (ICE) USD/MT 2,498.00 +48.00 +1.96% Mar 2020 11/8/2019
CT1:COMCotton #2 (ICE) USd/lb. 66.43 -0.14 -0.21% Mar 2020 11:41 PM
LC1:COMLive Cattle (CME) USd/lb. 119.25 +0.25 +0.21% Dec 2019 11/8/2019

Date: November 11, 2019; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 56.77 -0.47 -0.82% Dec 2019 11:46 PM
CO1:COMBrent Crude (ICE) USD/bbl. 61.96 -0.55 -0.88% Jan 2020 11:45 PM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 162.19 -1.18 -0.72% Dec 2019 11:41 PM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.71 -0.08 -2.83% Dec 2019 11:45 PM
HO1:COMHeating Oil (Nymex) USd/gal. 190.67 -1.14 -0.59% Dec 2019 11:43 PM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
GC1:COMGold (Comex) USD/t oz. 1,463.10 +0.20 +0.01% Dec 2019 11:45 PM
XAUUSD:CURGold Spot USD/t oz. 1,462.48 +3.48 +0.24% N/A 11:56 PM
SI1:COMSilver (Comex) USD/t oz. 16.83 +0.00 +0.01% Dec 2019 11:45 PM
HG1:COMCopper (Comex) USd/lb. 267.75 -0.45 -0.17% Dec 2019 11:46 PM
XPTUSD:CURPlatinum Spot USD/t oz. 887.40 +0.19 +0.02% N/A 11:56 PM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
C 1:COMCorn (CBOT) USd/bu. 375.50 -1.75 -0.46% Dec 2019 11:45 PM
W 1:COMWheat (CBOT) USd/bu. 508.75 -1.50 -0.29% Dec 2019 11:42 PM
CC1:COMCocoa (ICE) USD/MT 2,498.00 +48.00 +1.96% Mar 2020 11/8/2019
CT1:COMCotton #2 (ICE) USd/lb. 66.43 -0.14 -0.21% Mar 2020 11:41 PM
LC1:COMLive Cattle (CME) USd/lb. 119.25 +0.25 +0.21% Dec 2019 11/8/2019
11.11.2019

Exchange Rates

Date: November 11, 2019; Source: the National Bank of Kyrgyzstan
1 US DOLLAR USD / KGS 69.8212
1 EURO EUR / KGS 77.4247
1 RUSSIAN ROUBLE RUB / KGS 1.0980
1 KAZAKHSTAN TENGE KZT / KGS 0.1796

Date: November 11, 2019; Source: the National Bank of Kyrgyzstan

1 US DOLLAR

USD / KGS

69.8212

1 EURO

EUR / KGS

77.4247

1 RUSSIAN ROUBLE

RUB / KGS

1.0980

1 KAZAKHSTAN TENGE

KZT / KGS

0.1796