Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on june 8, 2010

/IRBIS, June 8, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on June 8, 2010. Analysts of ASYL INVEST believe that today the Kazakh market will remain near current levels. Today's auction is likely to be held at a weak activity of market participants. Yesterday's collapse in quotations was another indication of how quickly change the mood in the market. And despite the fact that the KASE index is at levels of mid-September last year, and its components are traded at attractive levels, buy securities in the short term is still dangerous. In European trading in the second half there was some recovery quotes on a background of positive macro statistics with Germany and the statements of the authorities of Hungary's intention to reduce the budget deficit to 3.8% of GDP this year. However, the domestic market today will not seek to grow strongly, as uncertainty about the future prospects of his remains. Analysts of ASYL INVEST expect that the stock market on the basis of today's trading will remain near current levels. By the beginning of today's trading on the domestic market painting is as follows: Prices for basic industrial metals on the results of yesterday's trading on the London Metal Exchange showed mixed trends (falling prices for most types of metals slowed), the price of Brent crude is practically not changed, the underlying stocks and Depositary Receipts Kazakhstan issuers in the auction in London, except depository receipts CMC, showed a decrease in the range 2.49% -5.23%. EUR/USD at today's auction is below 1.2. Stock trading in Asia showed a weak positive trend. In addition, analysts of ASYL INVEST believe that the world markets after sales in two days; there is a chance to rebound. In yesterday's trading the world stock exchanges continued to decline. The biggest sales were observed in the sector steel companies. Cause of falling prices for base metals, essentially lost in the stock price Kazakhmys, Xstrata, and Vedanta Resources. As a result of the day copper prices dropped in London, up to 7 month low and closed at around $6,037.5. At auction in Shanghai, the price of copper, aluminum and zinc dropped to daily limit. During the session of the American copper auction also took place in a negative way. Essentially lost price in the stock Freeport-McMoRan and Southern Copper. Significantly better than the market traded securities of gold companies was happening against the background of the growth of quotations of gold above the mark in 1240 $/oz. Noticeably better than the rest on Monday looked dynamics of oil and gas sector in the U.S.. Modest increase in completed session of the paper Occidental Petroleum, Petrobras, and Chevron. This morning on the dynamics of the Asian areas is moderately positive. Crude oil futures and copper stopped falling, and futures for the American indexes show growth within 0.8%. After two days of substantial fall, today analysts of ASYL INVEST expect a rebound in the markets. Before the opening of trading in Europe, have been formed a moderately positive external background. 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. [2010-06-08]