Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on November 3, 2010

/IRBIS, November 3, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on November 3, 2010. Analysts of ASYL INVEST note that trading on the Kazakhstan market shares of most of the trading day were in positive territory, stay on the market which prevented the dynamics of the shares of mining companies. KASE index on the basis of trading Tuesday fell by 0.2% due to falling prices ENRC shares at 4.7% and Kazakhmys 1.9%. The trading volume of KASE index decreased by 11.3% on the previous trading day to KZT34 million. On the London Stock Exchange trading of shares and depositary receipts were mostly in positive territory. Strong dynamics of trading results shown Kazakhmys shares (3.51%) and the GDR CMC (3.28%). Today in the domestic stock market growth is likely. Trading activity in this case is likely to remain weak, noted analysts of ASYL Invest. In addition, the analysts of ASYL INVEST note the following events in world markets: - major U.S. stock indices rose on the results of trades on Tuesday. The main driving force for the stock index began the U.S. dollar, which suffered losses against the euro. Support for U.S. stock indices also has corporate reports. In particular, better than expected last quarter reported BP Plc (BP), Pfizer (PFE) and Newmont Mining (NEM). Economic statistics on Tuesday in the U.S. has not been published. In general, investors' trading activity was relatively low. Probably, investors preferred to steer away from taking action, waiting for the announcement of the results of the midterm elections, which took place Tuesday in the U.S., the Fed decision and statement of employment. - in the U.S. today completed a two-day meeting of Federal Open Market Committee Fed. It is expected that the Fed will announce new measures of quantitative easing. The reaction of investors to the announcement may indicate whether they are confident in the Fed's efforts aimed to prevent a recession. - Europe's main stock indexes of trading results on Tuesday rose by positive economic statistics and the positive image of the trades in the U.S.. In particular, proved to be positive data on the Euro zone PMI manufacturing index and Germany. Against this backdrop, the euro/dollar rose by 1%. Today is an important economic statistics in the Euro zone will not be published. Trading activity is likely to remain low. Results of the Federal Open Market Committee U.S. Federal Reserve will be announced after the close of trading in Europe. - major Asian stock indexes are now showing multidirectional dynamics. Indexes in Hong Kong are growing, the leaders of growth - the shares of banks. 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. [2010-11-03]