Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on February 19, 2010

/IRBIS, February 19, 2010/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on February 19, 2010. According to the massage the analysts of ASYL INVEST expected at international stock markets: - International equity markets on the basis of trading on Thursday showed growth. As leaders of growth stocks of commodity companies. - After the close of trading in the U.S., the Fed raised the discount rate (refinancing rate) from 0,5% to 0,75%. - International debt markets were mostly under pressure. - Oil rose in price during yesterday's trading, despite the increase in commercial stocks in the United States. During today's trading quotes oil falling. Non-ferrous metals mostly grew, falling after the Fed rate hikes. - U.S. dollar strengthened against the euro and the pound sterling. According to analysts of ASYL INVEST expect international stock markets: - Today, analysts of ASYL INVEST expected decline of stock markets in Europe and the U.S. against the backdrop of increasing the discount rate the U.S. Federal Reserve. Asian stock indexes are now largely reduced. Japanese stock index Nikkei 225 has decreased within 0.75%. Hong Kong Hang Seng index decreased by 2.3%. Australian Index S&P/ASX 200 is reduced by 0.9%. South Korean KOSPI index falling to 1.5%. Nearby futures for Brent crude traded at $ 76.9 per barrel., Mark WTI about $ 78 per barrel. Gold traded at in 1100$/ounce., Silver - 15.9 $ / ounce., Copper - 3,25 $ / lb. Futures on U.S. indexes are now showing the decrease of more than 1%. Rate EUR / USD - 1.3490, GBP / USD - 1.5432. - The main pressure on the market today will provide news about increasing the U.S. Federal Reserve discount rate. Influence the course of trading today may have data on U.S. consumer price index for January. In Germany and the Eurozone will be published data on the indices of activity in the manufacturing and service sectors. In the UK there are data on retail sales for January. In the corporate sector will be published financial statements of several companies: Carrefour, NVIDIA, Nestle, Anglo American, etc. Analysts of ASYL INVEST give the following advice for investors on the Kazakh market shares: in the course of yesterday's trading KASE index showed a decline of 0.8% to a level of 1 778.10 points. The volume of transactions with shares index rose to $ 347.8 thousand top gainers were shares of ENRC (+1,3%) and Halyk Bank (1.4%). It became known yesterday that the company acquires 90% stake of the Zambian copper and cobalt producer Chambishi Metals PLC and 100% stake of its trading company Comit Resources FZE $ 300 million acquisition will enable ENRC to achieve a higher total production of copper cathode, at 130 thousand tons per year by 2012. Event corresponds to the company's strategy aimed at aggressive expansion of production capacity and diversifies its business. In the fall of leaders in the market were shares of Kazakhmys (-3%), BCC (-3.6%) and CMC (-1.6%). Today, analysts ASYL INVEST expect a moderate decrease in the domestic market due to the negative external background. Analysts of ASYL INVEST note the following trends in the Kazakh market bonds: Thursday were placed five-year treasury bonds the Ministry of Finance of Kazakhstan MEOKAM-60 Release 32 for KZT13 billion at 5.20% per annum. Yesterday Kazcommercebank placed on the KASE 10 000 bonds at 11.65% per annum. Thus, the CMC has attracted KZT881 million. Kazakhstan bonds finished the day lower prices. Index KASE_BP up to yesterday's trading down by 0.11%. "The worst of the market, the first sub-traded stocks, in particular, the leaders were to reduce bonds Vostokmashzavod (VMZVb1). On the bond market liquidity remains at fairly high levels, the total volume of transactions amounted to $ 6.4 million More than 50% of the total trading volume came to the paper Vostokmashzavod (VMZVb1). The given material has exclusively information character and is not the offer or the recommendation to make any transactions with the stocks. Agency "Irbis" doesn't take responsibility for the opinions which are in given material. [2010-02-19]