Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on December 27, 2010

/IRBIS, December 27, 2010/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on December 27, 2010. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Friday ended in a slight increase in the index KASE, mainly due to increase in the share price of National Bank at 1.4%. Stocks KazakhTelecom and KMG increased by 0.5% and 0.3% respectively. External background was formed neutral. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange has not shown a single dynamic. In negative territory ended trading in shares of Kazakhmys (-0.19%) and ENRC (-0.85%), on the positive - for GDRs KMG (1.27%), the GDR CMC (2.56%) and GDR NSBK (1.94%). Today, the external background for the Kazakh market develops mixed. Asian stocks rose after the People's Bank of China raised its key interest rate. The U.S. dollar strengthened today with respect to its main competitors, oil futures and metals show multidirectional dynamics. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - on Friday the U.S. markets were closed in observance of Christmas. - Session of the United States is likely to begin in negative territory on concerns slowing global economic growth, after the People's Bank of China on Saturday again raised the base rate to cool inflation, which was the second rate increase since 2007. Rate on loans in Yuan for 1 year from December 26 increased by 0.25 pp to 5.81%. Interest rate on deposits also increased by 0.25 pp. up to 2.75%. Moreover, JP Morgan Chase & Co and Morgan Stanley are expected increase the base rate in the first half of 2011, which will also adversely affect trading. Today in the U.S. is not expected to yield important economic statistics that can support the markets. - Friday of European stock exchanges were closed in observance of Christmas. Trading activity on the exchanges, where competitive bidding was quite low. According to trade in the British FTSE100 index rose, while the French CAC40 fell. - Today in Western Europe trades are likely to be held in negative territory. Negative impact on the trades will have a fear of a slowdown in the global economy after the National Bank of China raised its key interest rate. Yield significant economic statistics in Europe today is not expected. - the main stock indexes in the Asian region today, despite an increase in PBOC base rate, show a positive trend, as investors expect the normalization of the situation with inflation after the rate increase. The U.S. dollar strengthened today with respect to its main competitors. Nikkei 225 rising, after Japan had to publish the proceedings of the Bank of Japan, which showed that, some Council members are considering raising the volume of foreclosure of assets. 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. [2010-12-27]