The review of key events and forecasts from analysts of "ASYL INVEST" JCS (Kazakhstan) for September 26, 2011

/IRBIS, September 26, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 26, 2011. Analysts of "Asyl Invest" indicate that the news background for the domestic market today is negative. Uncertainty about the debt problems the euro area today continues to put pressure on risky assets, including oil and industrial metals. Analysts of "Asyl INVEST" believe domestic shares of commodity companies today are under pressure. Shares of the banking sector may retain weak dynamics on the risks of worsening debt crisis and its transition to a minimum to a local liquidity crisis. Such prospects are negative for stocks KKB heavily dependent on external sources of funding. The most stable in the domestic market remain shares of Kazakhtelecom. Strong financial results for the first half, as well as news about the opinion of the "Asyl Invest", timely sale of shares in mobile operator "GSM Kazakhstan" supports the issuer. Besides, analysts of "ASYL INVEST" JCS note the following events on world markets: - On Friday, the major indexes have grown following the abrupt collapse of the previous two days. Growth contributed to the hope that regulators and politicians will take steps to prevent the strengthening of the global crisis. Added positive corporate reports, NIKE's profit for the most recent quarter was higher than market expectations, share prices rose by 5.3%. - Indexes of China Hang-Seng and Shanghai Composite today continue to decline, losing an average of 1.7 and 0.5% respectively. Japan's Nikkei falls in sync with Hong Kong. Markets today are under pressure from concerns that European leaders will not be able to resist the spread of the debt crisis in the euro area. Chancellor Angela Merkel said that "leaders of the eurozone should raise a fire wall around the Greek" to prevent an escalation of the crisis. Statements generally indicate the absence of any viable solution to debt problems. U.S. futures today cut the rate of growth. - On Friday, the euro strengthened against the dollar in the correction after falling the previous day amid growing stock market. The euro/dollar rate is reduced considerable when it became clear that the leaders of European countries have not yet found the solution to the problems of Greece. The reason for selling the euro also began to call the Minister of Finance Timothy Geithner U.S. to European countries to increase the size of the EU's Stabilization Fund, which now totals 440 billion euros. It is obvious that this measure will meet considerable resistance from many countries in the region. At the same time, Germany's finance minister, said yesterday that a meeting of finance ministers of the Eurozone October 3 issue of providing assistance to Greece will not be discussed because report the ECB, the IMF and the EU to Greece delayed, which is worrying investors. - On Friday the largest decline was due to significant reduction in gold speculative positions by hedge funds, precious metals. Prices for oil and industrial metals also continued to fall on economic fears. Oil in the U.S. and Europe dropped to 1%, copper prices dropped more than 4%. Raw materials market today shows a negative trend. WTI crude oil and Brent are reduced to within 1% while copper in Shanghai and New York in electronic trading falls by 3.4% and 0.6% respectively. Gold continues to drop, trading around the 100-day moving average. This material is exclusively of informative character and is not offer or recommendation to make any deals with shares. "IRBIS" Agency is not responsible for the opinions given in the material. [2011-09-26]