Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on December 20, 2010

/IRBIS, December 20, 2010/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on December 20, 2010. Analysts of JSC ASYL INVEST note that the trading of shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Friday resulted in a mixed dynamics. Better than the market showed the dynamics of the shares of mining sector due to the positive dynamics of prices for industrial metals. In negative territory ended trading in depositary receipts of banks. Today, the external background for the Kazakhstan stock market develops moderately negative. European trading ended multidirectional movement, the main stock indexes in Asia and oil prices are falling, prices for industrial metals slightly increasing. Trading activity today is likely to be low. Analysts of JSC ASYL INVEST expected to reduce the KASE index on the basis of today's trading. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - The Dow Jones Industrial Index and the broad market S & P 500 finished trading on Friday, the lateral dynamics, and high-tech NASDAQ Composite Index rose. Activity at the auction was high on the background of expiration of options and futures contracts on indices and stocks. Support indices had a weakening U.S. dollar and some corporate news. U.S. dollar trades on Friday, weakening to 0.24% with respect to its main competitors. From corporate news worth noting the news about the agreement Bank Montreal (BMO) to purchase the credit corporation Marshall & Ilsley (MI) for 0.1257 shares of the Bank for each share of the credit corporation. The transaction amount is estimated at 4.1 billion U.S. dollars. Against this background of increased shares of regional banks. On Friday, better than expected last quarter, reported the company Oracle (ORCL) and Research in Motion (RIMM). On Friday came the data on the index of leading indicators for November. Value of the index rose in November at 1.1%, in line with economists' forecasts. The previous value was revised from 0.4% to 0.5%. The growth index in November was the highest since March 2010. However, a noticeable effect on the auctions the index is not provided, since 7 out of 10 index components were known in advance. - Today the U.S. is expected to yield data on an index of general economic activity of the Chicago Federal Reserve Bank and data on consumer confidence from ABC. Trading activity today and in general this week promises to be low. On Friday, the markets will be closed in observance of Christmas. - major stock indexes finished trading in Western Europe on Friday reduced. Negative impact on the auction provided a message of rating agency Moody's for possible downgrade the credit rating of Greece because of the uncertainty in the capability to reduce the debt burden to the required values. The agency also lowered the credit rating of Aa2 Ireland to Baa1. Friday ended a two-day summit of leaders of 27 EU countries. As the result it was decided to ensure the stability of the euro and the establishment of a mechanism of financial stability in June 2013. However, despite the results of the summit, the euro fell 0.4% against the U.S. dollar and major stock indexes finished trading in Western Europe in negative territory. From the published economic statistics, it is worth noting the data on the Euro zone's trade balance for October. The trade balance surplus amounted to 5.2 billion euros, while economists had expected 2.5 billion euro area exports grew by 20% and imports by 21%. In Germany, economists came out better than expected data from the ifo for December: an indicator of business climate indicator of the current situation and an indicator of expectations. - Today in the Euro zone, there are data on the status of current account balance in October, data on consumer confidence in December. In Germany, to be published data on production prices for November. We expect that the outcome of today's trading the main stock indexes in Western Europe will fall. - the main stock indexes in the Asian region today, falling on fears began shelling the territory of South Korea from North Korea. Today begins military exercise, South Korean authorities to evacuate residents of the island Yonphendo. 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. [2010-12-20]