The review of key events from "Asyl-Invest" JCS analysts for May 10, 2011

/IRBIS, May 11, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for May 10, 2011 The trade on Kazakhstani stock exchange went down on Tuesday. KASE index lost 0.5% and made 1636.96 pts. The decrease has touched the shares of Kazakhmys (-1.6%), Kazakhtelecom (-1%) and KKB (-0.6%). The activity of market participants was rather low. The volume of trade of KASE index shares fell 2.4 times on Tuesday, comparing to previous trading day, and made KZT 13.7 million. Trading in shares and depositary receipts of Kazakhstani issuers on the London Stock Exchange on Monday ended with multidirectional dynamics. The best dynamics on the auction was shown by the shares of GMK companies on the background of price increase for industrial metals. ENRC shares went up 1.6%, Kazakhmys shares - 1.4%, GDR of EP KMG went up 0.6%, and GDR of NSBK went down 1.1%. The external background seems to be moderately positive for Kazakhstani market of shares. "ASYL INVEST" analysts are expecting the KASE index growth after today's trade. In addition, analysts of ASYL INVEST note the following events in world markets: - Major U.S. stock indices finished the session of Tuesday with the growth of the third day in a row. Indexes recovered most of the losses observed during the previous four sessions, indicating that the mood of market participants to continue to grow. It seems that the debt problems of the eurozone do not cause much concern of the market participants, but caution remains. The best dynamics in the auction was demonstrated by the shares of security companies, including shares of the sector "public services" (1.3%). Activity of market participants was low. Total on the NYSE on Tuesday 835.05 million shares was bought and sold, which is 7.27% higher than in the previous trading day. Chief among corporate news was the suggestion of Microsoft (MSFT) to buy Skype for $ 8.5 billion, but shares of the company could not find the strength to grow. Meanwhile, the June futures for WTI oil rose by 1.3%, the U.S. dollar has lost 0.24% in relation to its main competitors. Significant economic statistics on Tuesday in the U.S. has not been published. - Today in USA no important economic statistics and corporate reports are expected, so the dynamics on American trade would probably be set by the external background, as well as the domestic sentiment. Economic statistics includes data on March trade balance. Today the reports of 76 enterprises will be available, including Cisco Systems (CSCO), Symantec Corp (SYMC), Macy's (M). - Bidding for major stock markets of Western Europe finished the session on Tuesday with an increase in the generally positive background and internal corporate reports. Markets have grown in spite of speculations about the probable restructuring of debts of Greece. Reports from Deutsche Post (DPW), and InterContinental Hotels Group (IHG) were positive. - Today, trading on European markets is likely to open with an increase. From domestic economic statistics today, there are data on the consumer price index in Germany in April, data on wholesale price index in Germany in April, data for the UK trade balance for March. - Major Asian stock indexes are now showing upward trend. Shares in Hong Kong are growing up in the first trading day after the weekend, playing restoring prices in commodity markets. Shares of banks in China have slowed, after the economic statistics released in China. The consumer price index in China in April rose by 5.3% MHC. This is slightly lower than the growth in March (5.4% of MHC). Economists had forecast an increase of 5.2% . Producer price index rose by 6.8%, which is lower than the forecast of economists (7% MHC). Industrial production in China rose in April at 13.4% in comparison with growth in March at 14.8%. Economists had forecast an increase of 14.6%. Published data indicate a slowdown in the growth of Chinese economy. - June futures for WTI oil are currently increasing at 0.2%, the June oil futures for Brent - 0.1%. Gold prices today are rising by 0.5%. The U.S. dollar today has not changed in relation to its main competitors. The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Irbis Agency doesn't take responsibility for the opinions which are in given material. [2011-05-11]