/IRBIS, July 23, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on July 23, 2010.

Analysts of ASYL INVEST note that trading on the Kazakhstan market on Thursday finished growth, mainly due to higher stock prices Kazakhmys to 8.4%. KASE index on the basis of trades increased by 0.9%, while trading volumes of shares belonging to the representative list grew in 1.7 times. Bidding Kazakhstan shares and depositary receipts on the London Stock Exchange were positive - the underlying stocks and the GDR have completed bidding on the positive territory of: Kazakhmys (+5.2%), ENRC (+3.5%), KMG (2.4%), NSBK (+0.4%), CMC (+0.2%).

Analysts of ASYL INVEST believe that the benefits of corporations, a good economic statistics in the U.S. and Europe will support Kazakhstan's shares and depositary receipts in the European trades that have a positive impact on the domestic market today. The expectations of the results of stress tests on European banks will continue to boost share prices of banks. Shares of mining companies are likely to continue growing, as the difference between the prices on the London Stock Exchange and the CSF is positive and significant. In addition, the Asian trading securities metallurgists continued to grow. Shares of KMG EP on the domestic market also have good chances for promotion. KASE Index Other things being equal today can grow, weighty obstacles to its growth today, analysts of ASYL INVEST do not see.

In addition, the analysts of ASYL INVEST note the following events in world markets:

- During yesterday's trading on the European markets saw a downward dynamics of the opening, but the situation rapidly changed for the better, and investors started to buy again. Published corporate reports for the most part are positive. Dynamics of growth in Europe and contributed to good macroeconomic data in the indices PMI. By the opening of trading in the U.S., the dynamics of futures on indices and commodities, as well as positive trading in Europe, contributed to a rapid opening of the stock market. Released macroeconomic statistics for the United States was virtually ignored. Substantially higher than forecasts increase in the number of applications for unemployment benefits, but investors did not react to bad news. Statistics on the housing market has presented no special surprises markets, and also did not become an obstacle to growth. On the contrary, the reduction of sales in the secondary market occurred at a slower pace than expected.

- Quotations of futures for copper and oil in Asian electronic trading are the achieved levels. U.S. National Weather Service reported that the new (second this season), tropical storm named Bonnie is gaining momentum and moving toward the Gulf of Mexico. Evacuation of personnel from oil-producing facilities in the Gulf also supports the quotations of oil. Futures on U.S. indices are consolidated at the maximum marks yesterday. Trading in Asia is positive. Today will be a relatively lot of macroeconomic statistics, but the main event may be the publication of the results of stress testing of European banks, which will be after the close of trading in Europe. Premarket trading in Europe for emerging positive.

This material is for informational purposes and is not an offer or recommendation to perform any transaction in securities. Agency IRBIS is not responsible for the opinions expressed in this material.

[2010-07-23]