Investment ideas by ASYL INVEST JSC (Kazakhstan) analysts' on February 24, 2010

/IRBIS, February 24, 2010/ - ASYL INVEST JSC (Almaty) provided an overview of major events and their investment ideas and forecast to IRBIS on February 24, 2010. According to the massage the analysts of ASYL INVEST expected at international stock markets: - international equity markets on the basis of trading on Tuesday declined because of concerns about the uncertain global economic recovery. - yield U.S. Treasury bonds (US Treasuries) have fallen on the background of weak macroeconomic data. - oil fell to $ 2 against the unexpected decline of consumer confidence index of the United States. - uncertainty of investors and bad macroeconomic data have led to lower prices for industrial and precious metals. - U.S. dollar continued to strengthen against the euro, market participants do not rule out further reductions. According to analysts of ASYL INVEST expect international stock markets: - Today, analysts of ASYL INVEST expect a moderate negative course of trading on European markets. - Trading Dynamics in the U.S. will be determined by macroeconomic data. - for trading on the Kazakhstan market develops moderately negative external background. - Asian stock indexes are now largely reduced. Japanese stock index Nikkei 225 has decreased on 1.8%. Hong Kong Hang Seng index decreased by 0.85%. Australian Index S & P / ASX 200 are reduced by 1.5%. South Korean KOSPI index also decreased to within 1%. Nearby futures for Brent crude traded at $ 77.5 per barrel., Mark WTI about $ 79.2 per barrel. Gold is trading at a 1105 $ / ounce., Silver - 15.90 $ / ounce., Copper - 3.25 $ / lb. Futures on U.S. indexes are now showing a negligible change. Rate EUR / USD - 1.33540, GBP / USD - 1.5450. - Influence the course of trading in the U.S. and Europe today will provide macroeconomic data of developed countries. In the United States is expected publication of data on new home sales for January. It is expected that the rate increased from 3.2% in monthly terms. U.S. Department of Energy will publish data on commercial oil reserves last week. It is expected that crude oil and gasoline rose and distillate stocks declined. The published data on the eve of the American Petroleum Institute (API) in contrast, showed a reduction in stockpiles of crude oil. In Germany today, will be published final data on GDP for the fourth quarter of 2009. Analysts of ASYL INVEST note the following trends in the Kazakhstan market shares: trading in stocks on Tuesday were mostly in positive territory, resulting in KASE index finished the day with a plus sign. Most of the trading day of a positive external background for the market, which contributed to the upward momentum. The biggest price increase resulted in bidding for shares Halykbanka (+3.5%). The worst momentum was led by CMC (-3.2%). The lack of significant domestic news and "overheated" market causing the low trading activity. Turnover of shares dropped by 29% relative to the previous trading to $ 0.56 million today analysts of ASYL INVEST expect negative dynamics on the "thin" market. The worst dynamics can demonstrate Kazakhmys shares against the backdrop of declining world copper prices and shares of Halykbanka obschenegativnom external background. Investment ideas on the market today are absent. Analysts of ASYL INVEST note the following trends in the Kazakh market bonds: the market of corporate bonds on Tuesday prevailed bearish sentiment KASE_BC index fell 0.04%. The largest decline in prices demonstrated debentures Karaganda Zharyk (KRZHb1), growth leaders are bonds ATF Bank (ATFBe4). In yesterday's trading, investors have shown a fairly high activity, which was due to the opening of trading on debt instruments Kazakhstan Mortgage Corporation (KZIKb20) and the Food Contract Corporation (PRKRb3), levels of bond yields in recent transactions amounted to 7% and 10% respectively. As a result of trades, the volume of transactions amounted to $ 23 million, almost 99% of the total trading volume accounted for the above bonds. 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. [2010-02-24]