Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on April 30, 2010
30.04.10 18:33
/IRBIS April 30, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview
of major events and of their investment ideas and forecasts on April 30, 2010.
Today Analysts of ASYL INVEST expects low trading activity and a weak
positive dynamics of the index KASE. As a result of the trading day on
Thursday, Kazakhstan's market share increased slightly, playing the loss of
the previous days. Shopping resumed because the quotes in the market after
the decline became attractive for investment. Price changes as a result of the
trading day: shares of CMC 2.5% 1.6% Kazakhmys, the People's Bank 1.2%,
KazakhTelecom -3.1%, BCC - 0.7%. The growth of stock quotes KKB,
Kazakhmys and the People's Bank on the domestic market was held on the
stabilization of their quotations on LSE. Trading activity remains low and will
be so in anticipation of the weekend. The volume of trades on Thursday
totaled KZT88.5 million, or KZT71.1 million lower volumes of the previous day.
The external background consists positive today, but analysts ASYL INVEST
do not expect any growth in trading activity, no significant growth of quotations
on the domestic market.
In addition, analysts of ASYL INVEST note the following events in world
markets:
- Optimism of investors is not to find reasons for the correction. In
yesterday's trading, U.S. stock indices rose a second day in a row.
Significantly diminished fears of market participants regarding problems
in Greece. Yields on Greek bonds dropped below 10%, whereas the
day before it was over 18% per annum. Market support yesterday, and
had data on the labor market. Thus, the number of applications for U.S.
unemployment benefits dropped to 448 thousand unemployment rates
in Germany in April, seasonally adjusted, was 7.8%. Against the
backdrop of rising oil prices, yesterday, to go up shares of oil and gas
companies. ConocoPhillips reported an income of $2.1 billion in a
quarter. 2010, which has more than doubled compared to last year. Net
profit of Exxon Mobil Corp. increased over the past three months, even
more significantly - almost 5 times compared with levels of last year, but
the company's shares have fallen in price on 0.77%. Due to the
increasing prices of most industrial metals purchases were also
observed in the papers metals stocks. The banking sector was also
among the leaders of growth.
- Statements' Season for the fourth quarter of 2009, as the majority
of companies S&P500 index to account for the past year, has been
very positive. The total profit of companies S & P500 index rose 176%.
According to the reports for the first quarter of 2010, the consensus
forecast of analysts implies earnings growth of 44%. In this case, only
for April, analysts have raised expectations for profit of more than 9%.
Perhaps the current season reporting, also significantly exceeds
expectations.
- Yesterday in the center of events also was companies such as BP
Oil, Gas and oilfield Transocean. Their quotations have decreased in
price in connection with the statements of Barack Obama that the
government brings to justice the company responsible for an oil spill in
the Gulf of Mexico. Since BP is the owner of the well where happened
PE, the news has been very negative for the stock price of the
company. It is expected that the cost of eliminating the damage will fall
on the company. The company's shares Transocean Ltd., Which is the
owner of the problem of oil platforms, also lost significantly in value.
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.
[2010-04-30]