Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on October 27, 2010

/IRBIS, October 27, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on October 27, 2010. Analysts of ASYL INVEST note that trading on the domestic stock market on Tuesday took place within a lateral trend and resulted in the growth of KASE index by 0.3%. Activity of market participants has been fairly weak. Players should refrain from taking action under the existing external background indistinctly. As a result, trading volume of KASE index on Tuesday fell by 26.2% to KZT16 million. On the London Stock Exchange trading Kazakhstan shares and depositary receipts were multidirectional in nature. Shares of Kazakhmys added at 0.8%, ENRC shares lost 2.11%. KKB GDR rose by 0.85%, GDR NSBK fell to 2.66%. Today in the domestic market shares likely weak negative dynamics of the index KASE. Correcting downward movement may receive shares of Kazakhmys and NSBK. In addition, the analysts of ASYL INVEST note the following events in world markets: - major U.S. stock indexes fell at the opening, but in the course of trading were able to regain lost positions. Strengthening U.S. dollar on world currency markets graded effect emerged better than expected financial results of U.S. companies' account for 3 quarter of 2010. U.S. dollar index rose by 0.8%, exactly the same so weak against the dollar British pound against the backdrop emerged better than economists' expectations for UK GDP data for the 3 quarter of 2010. Reported better than analysts' expectations of Amgen (AMGN), Biogen (BIID), Bristol-Myers Squibb (BMY), Coach (COH), Johnson Controls (JCI), Ford (F) and Texas Instrument (TXN). Message about the growth of the October Consumer Confidence Index has supported the U.S. action. According to the Conference Board index of consumer confidence in the U.S. in October rose from 48.6 to 50.2 points. Economists had expected growth to 49.9 points. The index assessing the current situation and the expectations index also rose in October. And again, the consumer confidence index and the Conference board consumer sentiment index, University of Michigan, which was published Oct. 15 showed the opposite results. The growth index of consumer confidence was probably caused by an increase in the stock markets, lower gas prices and rising salaries. - Today the U.S. is expected to publish economic statistics and corporate reports. Of the Economic Statistics in focus will be data on orders for durable goods in September and sales data in the primary housing market. - major European stock indexes finished trading on Tuesday, falling against the backdrop of the deteriorating situation in the commodity markets. Moreover, the report UBS (UBSN) for 3 quarter of 2010 was worse than expected, which adversely affected the dynamics of banks' shares traded in Europe. FTSE 100 Index fell by 0.8%. Exactly the same as it became known yesterday, the UK economy grew in the 3 rd quarter of this year, exactly the same amount yesterday, the British pound weakened against the U.S. dollar, exactly the same as yesterday increased the U.S. dollar index. Today in Germany is expected to yield data on the consumer price index for October. - major Asian stock indexes today are traded in negative territory. Negative impact on the bidding has strengthening dollar and falling 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. [2010-10-27]