Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on September 1, 2010

/IRBIS, September 1, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on September 1, 2010. Analysts of ASYL INVEST note that trading on the Kazakhstan stock market on Tuesday took place within a lateral trend. The external background while wearing multidirectional nature, which contributed to the neutral dynamics. The activity of market participants as a whole was slightly higher than in the previous trading day. KASE index on the results of trading on Tuesday fell by 0.02% and the volume of trades KASE index increased from the previous trading day in 1.6 times. In the section index abrupt movements were observed. On the London Stock Exchange trading Kazakhstan shares and depositary receipts were multidirectional nature. The fall in oil prices to $ 72/barr. Negative impact on the GDR KMG (-2.2%). Shares of mining companies and banks have completed the GDR session different directions movement quotes. From corporate events worth noting NSBK announcement of financial results for the first half of 2010, which in general were better than our projections. According to a press release from the bank, net profit for the first half amounted to KZT16.6 billion, which was news to us, as we had expected profit of 12 billion Today, the external background for the Kazakhstan market develops moderately positive. Major U.S. stock indices on the bidding results showed lateral movement, fueled by published statistics were better than economists' forecasts (annual changes in average house prices - the price index for shelter from the S&P/Case-Shiller (an increase of 4.23% in the second quarter) and the level of consumer confidence in the U.S. (53.5 points)). From the Asian region also received positive signals. In China, were published positive data on the production index PMI (51.7 points). Analysts of ASYL INVEST believe that the stabilization of the external background, probably will not contribute to the massive purchases of preconditions for the growth of the domestic market is still not visible. KASE Index in other being equal things today will demonstrate lateral movement. In addition, the analysts of ASYL INVEST note the following events in world markets: - During yesterday's trading in Europe started a significant decrease. In the minus open and trading in the U.S., but on the day, stock indexes in Europe and the U.S. mostly closed with a positive growth. The U.S. index of wide market S & P500 dropped during the bidding up to the mark in 1040 items, which is the level of support. Pushed off from this level, it is likely to further increase in the index. Short-term growth and contribute to the positive news on the economy. In particular, real estate prices in the U.S. rose and consumer confidence was higher predictive values. In the morning the data were published in China PMI, which also proved to be better than a month ago, demonstrating growth. Asian sites this morning, are also growing and the news that Australia's GDP in the 2 square. 2010 increased by 1.2%, while the expected growth rate of 0.9%. - quotations of futures for copper added nearly 2% during the morning session. Crude oil futures rise, but more moderate pace (about 0.5%). Pressure on the quotations of "black gold" has a data API for commercial stocks in the U.S., which last week rose 4.7 million barrels. Futures on U.S. indexes rising by almost 1%, which implies a positive background for the opening of trading in Europe today. The impact on the outcome of the auction will have statistics that goes today in developed countries. Investors will pay attention to data on retail sales in Germany and data on index PMI in Euro zone and the UK. In the U.S., will be first labor market data for August. The Agency will publish the ADP data on change of jobs in the country over the past month. There will also be published data of business activity in the manufacturing sector ISM and expenditure data in the construction sector. In the quotations of oil will affect the report of the Ministry of Energy of the U.S. commercial inventories of oil and petroleum products. 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. [2010-09-01]