Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on December 14, 2010

/IRBIS, December 14, 2010/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on December 14, 2010. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Monday took place within a lateral trend. KASE index on the basis of trades fell by 0.16%. The best dynamics demonstrated shares ENRC (+1.5%), the worst - the shares of Kazakhmys (-2.5%). Day passed fairly quietly, without any sudden movements. The activity of the market yesterday was low. On the London Stock Exchange trading of shares and depositary receipts of Kazakhstan issuers in the growth. Shares of the mining sector continued to grow under the influence of rising prices for industrial metals as a result of the decision of the People's Bank of China to refrain from raising interest rates. On the positive external background Kazakhmys shares were up 4.12%, shares of ENRC - on 1.45%. Today, the external background for the Kazakhstan stock market develops neutral. European trading in the growth, the major stock indexes in Asia and industrial metals, today show multidirectional dynamics of oil prices slightly down. As a result of today's trading analytics of JSC ASYL INVEST expect growth index KASE. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - on the basis of trading on Monday, the Dow Jones Industrial grew slightly, the index of wide market S & P 500 finished the day side dynamics, and the tech heavy Nasdaq Composite fell. Start trading was in positive territory and most of the day the major U.S. indices rose, reflecting the positive mood of investors in connection with the decision of the People's Bank of China to refrain from raising interest rates. However, closer to closing the index lost drive and began to steadily decline. Reducing indices at the closing occurred ahead of Senate vote on the extension of tax credits and expiration of unemployment benefits. Negative impact on the U.S. dollar has had a report of rating agency Moody's that says that the U.S. sovereign credit rating may be changed to "negative" due to tax and social security benefits. Moody's believes that the adoption of the bill to extend tax incentives could have a negative impact on the federal budget deficit and public debt levels. According to rating agency bill would cost the treasury 700-900 billion U.S. dollars, and debt burden will rise to 72- 73% of GDP. U.S. dollar yesterday lost 0.98% against its major competitors. - Today's session in the U.S. will be more rich, interesting will be the market response to the output of macroeconomic statistics and results of the vote in the Senate. After the close of trading in the U.S., it became known that the Senate by 85 votes to 15 votes voted in favor of a bill of $ 858 billion. Now the bill must be approved by the House of Representatives. Analysts of JSC ASYL INVEST believe that the event is positive, as increases the likelihood of adoption of the bill in Congress. Enactment of a positive impact on the stock market, as it will encourage investors to hold shares. We believe that the vote will cause a positive reaction of market participants today at the auction. Also today, will be published macroeconomic statistics in the U.S.. Expected to yield data on retail sales for November, the Producer Price Index for November and data on the inventory in October. The first two can have a profound effect on the market. Today in the U.S. is also expected FOMC decision on interest rates. - major stock indexes finished trading in Western Europe on Monday growth. Here the main influence on the auctions provided the news that the People's Bank of China has refrained from raising interest rates. As a result, the best dynamics in trading in Europe was led by the mining sector. Shares of oil and financial companies have also shown growth. - Today in the euro area, there are data on industrial output for October, data on the sentiment index in the business environment of the ZEW for December. In Germany, there are data on the current situation index and the index of sentiment in the business environment of the ZEW in December. In the UK, is expected to yield data on house price index for October and November, the data on the consumer price index for November, data on consumer price index for November. - the main stock indexes in the Asian region today show multidirectional dynamics. In Japan today released statistics on the volume of industrial production for November. Rate in November fell by 2%. 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. [2010-12-14]