Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on july 19, 2010

/IRBIS, July 19, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on July 19, 2010. Analysts of ASYL INVEST noted that the Kazakh stock market on Friday continued its growth, which was the seventh increase in a row. Growth of KASE index on 0.44% on Friday took place, mainly due to shares of Kazkommertsbank, which grew up in the day by 4.1%, with the special drivers for growth were not observed. Shares of BCC in the value added by 0.8%, the remaining shares index showed the dynamics of "good market". In general, the volume of trading in shares belonging to the representative list, increased 7 times. Bidding Kazakhstan shares and depositary receipts on the London Stock Exchange quotations movement culminated in different directions, Kazakhmys shares has showed a fall on 2.6%. Today analysts of ASYL INVEST expected drop index KASE, which will be associated with a sharp deterioration in the external background - bidding for Western European and U.S. markets ended in the fall against the backdrop of negative economic statistics and financial reports of corporations. The fact that the market has grown for seven consecutive days, will only enhance its decline today. Shares of mining companies, banks and KMG will now under pressure. In addition, the analysts of ASYL INVEST note the following events in world markets: - As a result of trading last Friday the stock markets in Europe and the U.S. have decreased substantially. Stock index S & P500 did not manage to overcome the resistance level around 1,100 points. The main driver for reducing steel both corporate and macroeconomic data. The published financial statements of companies Citigroup, Bank of America and General Electric as a whole had good results on the net profit companies, which were better than forecast. Meanwhile, investors found a reason for a negative interpretation of the data in the weak revenue growth of these companies. Continuous growth of stock markets in the end resulted in a significant reduction. Investors are aggressively close positions before the weekend is also on the background of macroeconomic statistics. Index of consumer sentiment for July, calculated by the University of Michigan, was much worse than forecasts. The index fell to 66.5 points. - In today's trading in Asia have mixed trends. The Japanese market is closed due to holiday in the country. Chinese Shanghai Composite is growing within 1%, while the Australian index fell by more than 1%. Futures on the U.S. indices this morning, showing growth in the range 0.15% -0.20%. Crude oil futures kept just above $ 76 a barrel. Copper futures traded in the morning with an increase of $ 2.96 per pound. - Premarket is a negative before the opening of trading in Europe today. The impact on the dynamics of trading on the stock markets will provide corporate news. Macroeconomic statistics published today a little. 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. [2010-07-19]