Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on December 22, 2010
22.12.10 18:18
/IRBIS, December 22, 2010/ - JSC ASYL INVEST (Almaty) provided
IRBIS overview of major events and of their investment ideas and
forecasts on December 22, 2010.
Analysts of JSC ASYL INVEST note that trading on the
Kazakhstan stock market on Tuesday ended with a slight
increase in the index KASE, which was mainly due to an increase
in stock prices NSBK and BCC by 1.4% and 0.8% respectively.
External background while formed a moderately positive. Trading in
shares and depositary receipts of Kazakhstan issuers on the
London Stock Exchange on Tuesday ended in positive territory.
Kazakhmys shares were up 2.15%, shares of ENRC - on 3.15%.
Demonstrated positive dynamics depositary receipts KMG (0.91%),
NSBK (0.2%).
Today, the external background for the Kazakhstan stock market
develops moderately positive. Analysts of JSC ASYL INVEST
expect growth of KASE index on the basis of today's trading.
In addition, the analysts of JSC ASYL INVEST note the
following events in world markets:
- major U.S. stock indices on the basis of trading on Tuesday rose to
levels of new two-year highs. Publication of economic statistics and the
publication of major domestic corporate news that day was not, the growth
index was caused by the rise in European and Asian markets. The best
dynamics in the auction in the U.S. was led by financial companies, the
worst - the shares sector "consumer goods" and the shares of the sector
"public health". U.S. dollar, despite the increase in the stock and
commodity markets, rose by 0.1% relative to its major competitors.
- Today in the U.S. will complete data on U.S. GDP for the 3 quarter,
data on house price index for October and data on sales of existing
homes in November. As a result of today's trades likely lateral dynamics
on major U.S. indices, however, if data on U.S. GDP will go to the levels
forecast of economists in 2.8% in annual terms, the likelihood of positive
market reaction.
- major stock indexes finished trading in Western Europe on Tuesday
with an increase, that was due to the easing of tensions in the situation on
the Korean peninsula. The single European currency decreased by 0.24%
against the U.S. dollar. Short-lived negative impact on the euro and stock
trading has had a message from Moody's rating agency that the agency
may omit one or two stages of the sovereign credit ratings on Portugal as
well as long-term prospects for Portugal at the reduction of budget deficit,
according to the rating agency looks uncertain. Support for the euro has
had a statement by the Vice-Premier Wu Yi that China has taken concrete
steps to support the euro.
- Today in the UK will go the final GDP data for the 3 quarter and the data on
the current account balance of payments for March quarter. It will also
publish the proceedings of the Bank of England in December. In Germany
today, to be published data on the index of import prices for November.
Analysts of JSC ASYL INVEST do not expect a significant effect of the
economic statistics on stock trading in Europe. As a result of today's
trading will probably reduce the main stock indexes in Europe.
- the main stock indexes in the Asian region today show
multidirectional dynamics. In Japan today published statistics on the
trade balance. In November 2010 a trade surplus in Japan decreased by
55.4% compared with November 2009, as import growth far exceeded
growth in exports. Exports from Japan in November rose by 9.1% MHC,
while imports grew by 14.2% gkg. Nikkei 225 today shows lateral
dynamics. Today, as it became known that South Korea plans to hold a
Dec. 23 largest military exercises ever near the border with North Korea,
which in turn indicated that is not going to respond every time the military
provocations.
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.
[2010-12-22]