Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on june 10, 2010

/IRBIS, June 10, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on June 10, 2010. Analysts of ASYL INVEST now expects moderate growth in the Kazakhstan stock market, which is associated with improvement of the external background information caused an increase in exports to China, the positive comments of Federal Chairman Mr. Bernanke, BS regarding the recovery of U.S. economy and the evidence of a reduction of oil reserves in the USA. In European trading, other things being equal, the growth may continue, which will support the domestic stock market. Internal corporate news that could support the market today is not expected. Despite some improvement in the external background, analysts of ASYL INVEST still do not recommend making purchases in connection with the high volatility in the markets. To the beginning of today's trading on the domestic market the picture is as follows: Prices for basic industrial metals on the results of yesterday's trading on the London Metal Exchange have showed growth within 0.37% - 4.37%, the price of Brent crude rose $1.97, or 2.7%, basic shares and depositary receipts of Kazakhstan issuers in the auction in London as a whole, have shown growth. Intraday EUR/USD at today's auction is above 1.2. Stock trading in Asia does not show uniform dynamics. In addition, analysts of ASYL INVEST note the following events in world markets: - During yesterday's trading stock index of wide market S&P500 U.S. came close to the local level of resistance in the vicinity of 1075 points. In the case of breakdown at this level, the next immediate goal would be a note in about 1100 points. In early trading optimism investors added speculation about the future of positive data on China's trade surplus, as well as the speech of Mr. Bernanke the Chairman of Federal Reserve. The latter reported that the global recovery continues, even though the debt problems of the Euro zone countries. In this case, according to Mr. B. Bernanke, the debt crisis in Europe will have only a moderate impact on the U.S. economy if the stabilization of the stock market in the country. In the second half of the trades observed sales, which increase U.S. stock indexes the levels of resistance in negative territory. Released in late trading record Fed - "Beige Book", the newly included information about a small improvement in the labor market, increasing demand for housing, consumer spending and stable prices. By the time the decline in the U.S., European markets were closed, and therefore they were able to complete the day on a hopeful note. The published statistics for China today confirmed yesterday's rumor. Exports in May rose by 48.3% in annual terms, while imports at 48.3%. The trade balance have reached $19.53 billion in response to the outcome of yesterday's trading in the U.S., Asian sites do not show coherent dynamics of a single day. Futures on copper and oil traded little decrease, but the show attempts to grow. Futures on U.S. indexes are also growing within 0.5%. Before the opening of trading in Europe today formed a mixed background. In early trading stock quotes may be adjusted due to the negative close in the U.S.. Further developments can improve the dynamics of trades subject to the continuing growth of futures on indices and commodities. - Yesterday in the center of attention again were involved securities of companies in the accident at an oil field in the Gulf of Mexico. Papers of British oil giant BP Plc, during yesterday's trades fell by 15%. Since the end of April falling of quotations already exceeded 50%. Pressure on the dynamics of quotations has the assumption that the catastrophe will lead to bankruptcy of the company. Also fell heavily during yesterday's trading action the Texas oil and gas company Anadarko Petroleum, which owns 25% share in the emergency hole. The negative dynamics of the trades of these companies had in the end the pressure on the entire oil and gas sector. 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. [2010-06-10]