Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on November 15, 2010

/IRBIS, November 15, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on November 15, 2010. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Friday was in negative territory with a negative external background. KASE index on the basis of trading on Friday fell 1.5% to 1647.51 points. Investors worry about what China might raise interest rates to cool inflation had a negative impact on European trading, which led to a drop in home prices. Kazakhmys shares suffered the heaviest losses in trading on the domestic market, finished the day fall in the price of 4.1%. Also, a negative value on the KASE index had a falling stock price by 3.3% CMC, KazakhTelecom - 1.7%, KMG - on 1.5%, ENRC - on 0.04%. In general, according to the KSE, the volume of trades in shares of KASE index fell to 2.4 times the previous day and amounted to KZT53.4 million. On the London Stock Exchange trading of shares and depositary receipts on Friday was negative. Speculations about a rate hike by China have affected the share prices of mining companies. At the opening of Kazakhmys and ENRC shares sharply gone down, but by the end of the day were able to partially restore the position. As a result of trading on the LSE shares of Kazakhmys lost 3.4%, shares of ENRC - 2.4%. Depositary Receipts KMG finished the day falling on 3.6% amid falling oil prices and the publication of financial results for 9 months. 2010, under which the issuer's net profit fell by 13% compared to the same period in 2009. Drop in net profit for 9 months. 2010 to KZT156.8 billion due to foreign exchange gain of $ 99.9 billion, received as a result of devaluation in 2009, and will not be repeated in 2010. Revenues of the Issuer are for 9 months. 2010 increased 28% to KZT445 billion due to the growth of the average price of crude oil by 35%. In general, the results of the issuer are for the 9 months. 2010 were expected and could not support the GDR in European trading. Analysts of JSC ASYL INVEST believe that today's domestic market likely weak positive trend index KASE. On European trades possible technical rebound up on the shares of mining companies that can support the KASE index today. Oil prices rise today after Japan GDP data came in 3 quarter of 2010. Shares of KMG EP as a result of trades on the domestic market can recover the losses incurred in trading on Friday. . In addition, the analysts of ASYL INVEST note the following events in world markets: - major U.S. stock indices on the results of Friday's trading had suffered heavy losses, the greatest day for the past three weeks. Negative impact on the trades had speculation that China may raise rates to cool inflation. Additional pressure on the trades had concerns about the debt problems of the Euro zone. The U.S. dollar weakened by 0.2% relative to its major competitors. The index of consumer sentiment in November University of Michigan raised from 67.7 to 69.3 points, better than forecasts of economists, the expected value of the index at 69 points. Thus, the degree of confidence of households in the U.S. economy grew in November. The growth index in November, reflecting growth of U.S. stock markets and the improvement in the labor market over the last month. Expectations of inflation at 1 year in November rose from 2.7% to 3%. Consumers expect the influence of quantitative easing by the Fed. The index of current economic expectations in November rose from 76.6% to 79.7%, the index of economic expectations - from 61.9% to 62.7%. From corporate reports for the 3 quarter may be noted were better than expectations of record company NVIDIA (NVDA). - Today the U.S. is expected to yield data on retail sales for October, the value of productive Empire Manufacturing Index for November, data on the volume of commercial reserves in September. In general, we believe that today, on the basis of trading in the U.S. likely to increase. - major stock indexes finished trading in Western Europe on Friday, multidirectional movement values. Negative impact on the trades had a concern of investors about the fact that China may raise rates to cool inflation, as well as concerns about the debt problems of the Euro zone. Euro zone GDP for the 3 quarter of 2010 increased only slightly worse than economists' forecasts. In the 3 rd quarter 2010 GDP of the Euro zone rose by 0.4% q/q and by 1.9% y/y. Economists had expected growth to 0.5% q/q and by 1.9% y/y. The main contribution to the GDP of the euro area has made the expansion of the German economy. Germany's GDP for the 3 quarter raised 0.7% q/q and by 3.9% y/y. Economists had expected growth to 0.8% q/q and by 3.7% y/y. The slowdown in GDP growth the euro zone in March quarter (the previous value of the growth was 1%) occurred against the backdrop of the fall in industrial production in September at 0.9% m/m. Economists had expected growth to 0.2% microns. In annual terms, growth of this indicator fell to 5.2%. Despite the negative values of the index, the negative impact on trading on Friday, he was not there. The probability of a recession in the euro zone is now considered low, but economists expect further slowing Euro zone economy. - Today in the Euro zone, there are data on the Euro zone's trade balance for September 2010. From today's trading analytics of ASYL INVEST expect a slight increase of the main stock indexes in Western European countries. - major Asian stock indexes are now showing multidirectional dynamics. Nikkei 225 adds more than 0.6%, while the other indexes falling under the influence of negative trading in the U.S. Positive effects on trading in Tokyo have economic data for Japan. Japan's GDP in the 3 rd quarter raised 0.9% q/q and by 3.9% y/y. Economists had expected growth to 0.6% q/q and by 2.5% y/y. 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. [2010-11-15]