Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on july 28, 2010

/IRBIS, July 28, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on July 28, 2010. Analysts of ASYL INVEST note that trading on the Kazakhstan stock market on Tuesday was mixed trends in stock price index KASE and favorable external background. KASE Index was near one-month high and up trades rose by 0.85% till level of 1465.62 points. Main contribution to the growth index, introduced price increases KMG shares (6.64%) and CMC (2.7%). Kazakhmys shares fell by 1.6%, in spite of their growth on the LSE at 1.08%. The rapid growth of shares in Kazakhmys recently increased the risks of correction that took into account investors at yesterday's auction. Shares of BCC in demand and as a result of trades added almost 1%. In general, trading volume in shares, comprising the representative list, increased 12.1 times. Bidding Kazakhstan shares and depositary receipts on the London stock market ended in different directions traffic quotations. Today, the external background before the auction on the domestic market develops neutral. KASE Index Other things being equal today may show the lateral dynamics. In the current basic ideas among the blue chips may be undervalued BCC and Kazakhtelecom. In addition, the analysts of ASYL INVEST note the following events in world markets: - According to the results of yesterday's trading on the markets of Europe and the U.S. there is a mixed trends. Growth of markets in Europe has good corporate records. Among the leaders of growth were shares of banks, helped by good record up to 2 square meters. 2010 UBS and Deutsche Bank. At the opening of trading in the U.S. also saw an increase; however, with the release of macroeconomic statistics, investors began to close positions. The index of consumer confidence in the U.S., according to the Conference Board, fell to 50.4 point. Reduction of confidence due to problems in the U.S. labor market, as well as instability in the real estate market. At the same time have been published and the data on an index of house prices in the U.S., which showed growth, but investors did not take this report seriously, the more so after several days of growth, there is a need to lock in profits. In yesterday's trading in the U.S. while declining in price and shares, and commodities, and government debt securities. Yields a 2-year U.S. Treasury bonds rose a bit from their lows in spite of a very successful deployment of $ 38 billion of new securities at yesterday's auction. In fact, equity markets have not shown a strong decline that still allows considered yesterday's decline as a small correction. U.S. stock indexes are at the approaches to a June highs, which may not be overcome at first. Investors may not be ready for further purchases. This requires new and positive factors, which will be waiting for market participants. More substantially corrected yesterday oil prices. Pressure on the quotes except for data on the U.S. economy has had, and a report from the American Petroleum Institute (API), under which commercial oil reserves in the U.S. increased by 3 million barrels last week. Investors had expected the fall of stocks in relation to disruptions in supply due to bad weather in the Gulf of Mexico. Today will be published by the U.S. Energy Department data, which will also determine the future price movements. - Quotations of futures for copper, in contrast to oil, showing recovery in the Asian trades. Futures on U.S. indexes are traded with minor modifications. Trading in Asia is predominantly positive. - Premarket for trading in Europe is neutral. The overall positive background in the markets continues, it does not exclude small fixation profits or consolidation quotes from the key resistance levels. The influence on the course of trading in the U.S. and Europe will provide the U.S. macroeconomic data and corporate reports. 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. [2010-07-28]