Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on October 14, 2010

/IRBIS, October 14, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on October 14, 2010. Analysts of ASYL INVEST note that trading on the Kazakhstan stock market on Wednesday was in positive territory. KASE index on the basis of trades rose by 0.75%. The growth index occurred alongside the growth of trade turnover. The trading volume for shares of KASE index increased by 9.3 times and amounted to KZT45.3 million. On the London Stock Exchange trading Kazakhstan shares and depositary receipts were at their multidirectional dynamics. Against the backdrop of the weakening U.S. dollar due to expectations of Fed easing, the best dynamics in trading in Europe demonstrated the metallurgical sector. Shares of Kazakhmys and ENRC are not left behind, adding to the 5.18% and 1.75% respectively. ENRC Company reported that it plans to increase copper production in Africa 6 times in three years. The company plans to produce 20 tons of copper this year and raise production to 130 tons by 2013. On it informs Bloomberg. It's Positive news for the company's shares. Today, the external background for the Kazakh market develops positive. On expectations ASYL INVEST, KASE index will rise today, mainly due to the growth shares of Kazakhmys and ENRC. In addition, the analysts of ASYL INVEST note the following events in world markets: - major U.S. stock indices on the basis of trading on Wednesday showed an increase in the limits of 0.69-0.96%. Corporate profits better than expected and the weakening U.S. dollar derived indices for the five peaks. On October 13 the U.S. announced financial results for 22 companies, among them important for the market were reports from Intel and JPMorgan Chase. Both reports showed results better than expected, although the results of yesterday's trading the shares these issuers fell. Intel Company reported for March quarter 2010. Net income rose over the same period last year by 59% to $ 2.96 billion, or 52 cents per share, which exceeded analysts' forecasts. The company's revenue grew from $ 9.4 billion to $ 11.1 billion company JPM said Wednesday that net profit in the 3 quarter of 2010 increased by 23% to $ 4.4 billion, or $ 1.01 per share, which exceeded analysts' forecasts. Profit growth was attributable to reduced charges in the reserves, which in 3 quarter of 2010 totaled $ 3.22 billion compared to $ 8.1 billion in March quarter 2009. Revenue JPM 3 quarter fell 11% to $ 23.8 billion as a result of reducing fees from trading. Shares of the company's trading results fell 1.39%. Results of JPM for 3 quarter of 2010 now make clear the important points regarding future reports of financial institutions. Corporate reports Bank of America and Citigroup, also probably like JPM, show reduction in contributions to reserves. Company reports Morgan Stanley and Goldman Sachs, do not have huge reserves are likely to be less positive than reports of BoA and Citigroup, as the investment banking division JMP profits fell. We recommend investors look for shares of Citigroup and Bank of America. - Today auction in the U.S. will probably depend on how the 19 companies will be reporting and what will show six economic indicators. Important records should be noted reports of the companies Google and Advanced Micro Devices. Today in the U.S. leaves a very important economic statistics: data on trade balance for August, data on the index of producer prices for September and on the number of initial applications for unemployment benefits for the week ended Oct. 9. - the main stock indexes in Europe on the basis of yesterday's trading showed an increase in the range 1.51-2.12%, playing a positive close of trading in the U.S. on Tuesday and the positive opening of trading in the U.S. on Wednesday. Was positive statistics on industrial production of the euro zone, whose volume in August rose by 1%, while economists had expected growth of 0.8%. - major Asian stock indexes are now showing a significant increase against the background of national currencies and commodity prices. 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. [2010-10-14]