Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on july 20, 2010

/IRBIS, July 20, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on July 20, 2010. Analysts of ASYL INVEST note that trading on the Kazakhstan stock markets on Monday were in a negative zone after rising for seven days. As a result of the day five of the seven titles of shares KASE index finished the day in the red zone. KASE Index fell 1.9%, losing the gains of the previous three days. In this case, the volume of trading shares, listed in the representative list, declined to 3.8 times. Correctional movement of quotations was not caused by fundamentals, and was provoked by the deterioration of the external background. Bidding Kazakhstan shares and depositary receipts on the London Stock Exchange quotations movement culminated in different directions, the GDR People's Bank has shown drop to 1.3%. Analysts of ASYL INVEST believe that today the dynamics of the domestic market, largely be determined by the dynamics of the quotations in the European markets, which today would be influenced by expectations the U.S. release of economic statistics and reports of large corporations. Analysts of ASYL INVEST expect that the Kazakh market today will show the lateral dynamics. The reasons for the strong changes in the market today, analysts do not see. In addition, the analysts of ASYL INVEST note the following events in world markets: - As a result of yesterday's auction trading stock markets in Europe declined, U.S. markets failed to show growth. Before the opening of trading in the U.S. data were published index of business expectations in the construction sector, the U.S. in July. According to the NAHB (National Association of Home Builders / Wells Fargo) index fell 3 points from 17 to 14 points, which proved to be worse than expectations, which involve reduction of up to 16 points. Today is also published statistics for the U.S. housing market. Thus, the data will be published on the construction of new homes and obtaining approval for construction in June. Reacting to the decline in the published data, stock indices in the U.S. went out on the bidding results in the plus. This was facilitated by corporate reports, and investors hope for positive results reporting season. Even before the opening of trading reported back oilfield Halliburton, whose results exceeded market expectations. However, the optimism that appeared on American trades, European investors are not found. European indexes fell on the day against the lowering of the international rating agency Moody's rating of government bonds to Aa2 from Ireland AA1. - Quotations of futures on oil, copper, gold and U.S. indices during the Asian trading session, demonstrating growth. Exchanges in the region mainly grow. Negative trend shows only the Japanese market, which yesterday did not haggle. - today Premarket for the European market is positive. Effect on Trade in Europe and the USA Today will report Bank of New York Mellon, Goldman Sachs, State Street, Peabody Energy, Biogen Idec, Johnson & Johnson, Whirlpool, PepsiCo, and Harley-Davidson. After the close of business in the U.S. also reported Apple, Yahoo. 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. [2010-07-20]