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

/IRBIS, October 28, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on October 28, 2010. Analysts of ASYL INVEST note that the fall in stock prices in the domestic market shares during yesterday's trading was accompanied by an increase in trade turnover. According to trade in KASE index fell 1%, while trading volume of KASE index increased by 2.8 times compared to the previous trading day. The greatest losses suffered as a result the day the shares of Kazakhmys (-3.1%) in the fall of their prices on the London Stock Exchange. On LSE bid by Kazakhstan shares and depositary receipts were mainly negative. Shares of mining companies have demonstrated a strong fall. Kazakhmys shares on the trading results at the LSE fell by 5.03%, shares of ENRC - on 3.15%. Today in the domestic market shares likely weak positive trend index KASE. Shares of steelmakers at the LSE may show a rebound upwards. On expectations of ASYL INVEST, KASE index decreased today. In addition, the analysts of ASYL INVEST note the following events in world markets: - Stock Index DJIA and S & P500 during yesterday's session, were down more than 1% against the U.S. dollar strengthening, but closer to the end of the main session were able to partially restore the lost positions. The reason for the fall of U.S. stocks, strengthening the U.S. dollar began to speculation about a second round of quantitative easing, due to communication WSJ that the Fed will announce buyback program of treasury bonds worth several hundred billion dollars over several months. And it's less than expected by market participants. The review for October 12 analysts ASYL INVEST suggested a similar scenario. In ASYL INVEST continues to believe that, given the dynamics of key macroeconomic indicators the U.S., buying securities in the repurchase program will be small, at regular intervals, giving the regulator more flexibility. NASDAQ index during yesterday's session showed similar movement, which DJIA and S & P500, but unlike other indexes finished trading in positive territory. Support for the NASDAQ index had positive financial results for the last quarter of the companies Comcast (CMCSA), Broadcom (BRCM). Reports of other companies' investors have ignored, in particular reports of the companies ConocoPhillips (COP), Whirlpool (WHR), Procter & Gamble (PG), the results of which exceeded consensus forecasts of analysts. Economic statistics published in the United States on Wednesday, was negative. Were disappointing data on orders for durable goods. The index in September rose by 3.3%, mainly due to increase aircraft orders. Economists had expected growth rate of 2%. Without taking into account volatile component in the form of orders of vehicles, orders for durable goods in September declined by 0.8%, while economists expect growth to 0.5%. Orders vehicles rose in September to 15.7%. In general, the data indicate a possible drop in a stable manufacturing sector and business investment in the future. Data on sales of new homes in September, released yesterday, also tested negative. New home sales in September rose by 6.6%, while economists had expected growth to 4.2%. It is worth noting that the figure has grown exclusively through amendments to the seasonal variations. If we examine unadjusted for seasonal fluctuations in value, the figure probably is lower than August. Thus, economic statistics, published yesterday in the U.S. is mostly negative points. - Today the U.S. is expected to publish economic statistics and corporate reports. Of the Economic Statistics in focus will be to find data on the primary applications for unemployment benefits. Trades in the U.S. today are likely to be reserved ahead of U.S. gross domestic output data for the 3 quarter. - major European stock indexes finished trading on Wednesday, falling on the background of the continuing fall in commodity markets and the negative opening of trading in the U.S.. Shares in banks were supported by the publication of a positive report Deutsche Bank (DBK). Today in the euro area is expected to yield data on the consumer, economic and production trust. - major Asian stock indices today show multidirectional dynamics. In Hong Kong, rising bank shares after the Bank of China Ltd. (3988) and Agricultural Bank of China Ltd. (1288) reported its financial results for last quarter better than expected. 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. [2010-10-28]