Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on November 12, 2010

/IRBIS, November 12, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on November 12, 2010. Analysts of ASYL INVEST note that trading on the Kazakhstan stock market on Thursday were in positive territory at a moderately positive external background. KASE index on the basis of trading rose on Thursday 1.7% to 1672.15 points. Positive economic statistics in China, as well as news of increased government bond rating of China's credit rating agency Moody's positive impact on the securities of Kazakh issuers in European trading, which has supported the domestic market. Against this backdrop, demand was for shares of commodity companies. Shares of Kazakhmys trades rose by 2.2%. The best dynamics in the domestic market, in anticipation of the publication of financial results for the first 9 months of 2010, stocks have shown KMG (+5%). Positive effect on the value of KASE index also had a share NSBK (1.9%), Kazakhtelecom (1.8%) and CMC (1.1%). In general, according to the KSE, the volume of trades in shares of KASE index fell to 4.2 times the previous day and amounted to KZT127.5 million. On the London Stock Exchange trading of shares and depositary receipts on Thursday was mostly in positive territory. Positive news from China had a positive impact on the course of trading. Shares of Kazakhmys trades rose by 3.8%, GDR KMG-3%, shares of ENRC - on 1.85%. Group ENRC on Thursday issued a production report for the third quarter of 2010, which, according to ASYL INVEST is a positive for the company's shares. Today in the domestic market likely weak negative dynamics of the index KASE. Negative impact on the course of trading may have a correction of the stocks of commodity companies on LSE. Dynamics in European trading will likely depend on the release of economic statistics in the euro area. Today, KMG EP will publish its financial results for the first 9 months of 2010. Analysts of ASYL INVEST expect neutral results. 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 Thursday fell against the backdrop of a stronger U.S. dollar and negative dynamics of shares of Cisco (CSCO). The U.S. dollar has appreciated a further 0.7% against its major rivals, which put pressure on stock trading. U.S. dollar, thus, strengthening the fifth day in a row. Support the U.S. dollar has had a concern about the debt problems of Ireland, Spain, Portugal and Italy. Negative impact on the Dow Jones and NASDAQ had a stock company Cisco. According to trade in the issuer's shares have fallen to 16,2% due to negative forecasts the company's management on the second quarter of fiscal year and the reduction of leading analysts recommendations on the shares of the issuer. Economic statistics on Thursday was not published, but debt markets were closed for Veterans Day. - in the U.S. today are data on the index of consumer sentiment from the University of Michigan. As a result of today's trades likely moderate the negative dynamics on the major stock indexes. Nothing portends any abrupt changes in the market. - the main stock indexes in Western Europe have completed yesterday's trading near the previous close. Important economic statistic on Thursday was not published. At the opening of European stock indexes showed an increase of background release of positive economic statistics from China, which has caused the rise in prices for industrial metals. Against this background, the best dynamics in European trading was led by steel companies. Concern about the debt problems of some Euro zone countries put pressure on the course of trading. Today in the euro area will leave the preliminary data on Euro zone GDP, the GDP of Germany for 3 quarter of 2010. Economists expect GDP growth in the Euro zone in March quarter by 0.5% qoq, Germany's GDP - by 0.8% qoq. Also today, there are data on the Euro zone industrial production for September. Economists expect growth to 0.2% microns. Dynamics in European trading today will largely depend on economic statistics. - major Asian stock indexes are now showing a negative trend. Stocks in China are falling; investors are concerned about what China might raise interest rates to cool inflation. Negative impact on the indexes also had a negative close of trading in the U.S. 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. [2010-11-12]