Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on December 23, 2010

/IRBIS, December 23, 2010/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on December 23, 2010. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Wednesday ended with a slight increase in the index KASE, which was mainly due to price increases stake in ENRC to 3.6%. External background while formed a moderately positive. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Wednesday ended in positive territory. Kazakhmys shares were up 1.3%, shares of ENRC - on 1.94%. Demonstrated a positive trend depositary receipts KMG (0.1%), CMC (0.88%), NSBK (2.06%). 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 Wednesday rose. The Dow Jones Industrial Index and the broad market S & P500 reached the levels of new two-year highs and the tech heavy Nasdaq Composite closed at a three-year maximum. The best dynamics in the auction once again demonstrated the banks' shares. KBW Bank Index on the basis of trading on Wednesday rose by 1.91%. Support the bank's shares at the auction had a corporate news. Shares of Legacy Bancorp (LEGC) on Wednesday rose by 47.09% after it became known that the Berkshire Hills (BHLB) intends to acquire the company for $ 13 per share. It is worth noting that December is good for the shares of banks. KBW Bank Index growth since early December was 16.76%. Economic statistics released Wednesday, did not have a strong impact on stocks that are sensitive to economic news. U.S. GDP growth for the third quarter on an annualized basis in the third and final estimate was revised from 2.5% to 2.6%, while economists had expected growth to 2.8%. Revision of the index upwards was driven by higher estimates of inventories to 111.5 billion U.S. dollars to 121.4 billion U.S. dollars. The growth of personal consumption has been revised from 2.8% to 2.4%, as growth in consumption of services has been revised from 2.5% to 1.6%. Net exports was revised to 506.7 billion U.S. dollars to 505 billion U.S. dollars. Because the data on GDP components were known before the publication, the change in the final assessment is not affected significantly by stock trading. Little impact on trading had positive sales data in the secondary U.S. housing market in November. The index in November rose by 5.6%, while economists had expected growth to 7.1%. Sales of single-family homes, which account for 90% of the volume of housing construction rose in November at 6.7%. - in the U.S. today released an important economic statistics. First of all, it's data on orders for durable goods in November. Also today, the U.S. will be published data on personal income and spending for November, the sales data in the primary housing market in November, data on the number of initial claims for payment of unemployment benefits for the week ended Dec. 18. Session of the United States will depend on economic statistics. Trading activity is likely to be limited, as on Friday, U.S. markets will be closed for Christmas holidays. - major stock indexes finished trading in Western Europe in the medium multidirectional dynamics. Britain's FTSE100 index finished trading in positive territory, the German DAX and the French CAC40 - on the negative. Support the auction in Europe had heard that China is willing to buy government bonds Portugal 4-5 billion euros in early 2011. Another Tuesday, Vice Premier Mr. Wu Yi said that China has taken concrete steps to support the euro. Economic statistics, published in Europe, had no significant effect on stock trading. In Europe today, the important economic statistics are expected. Market participants are likely to close out positions ahead of the Christmas celebration and an important economic statistics from the U.S.. - the main stock indexes in the Asian region today show multidirectional dynamics. 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. [2010-12-23]