Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on December 28, 2010

/IRBIS, December 28, 2010/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on December 28, 2010. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Monday ended with a slight increase. KASE index the first time since May 6, 2010 exceeded the level of 1700 points. Increase in the index yesterday promoted the growth of share prices on the 2.33% CMC as a result of a deal. Activity of market participants in the auction was quite low in the absence of an external reference. Trading on the London Stock Exchange on Monday was not conducted in connection with the Christmas holidays. Today, the external background for the Kazakh market develops neutral. Trades in the UK today will not meet due to holidays. Asian stock indexes fall, oil prices are now significantly reduced, and industrial metals are traded in different directions. Dollar falls today in relation to its main competitors. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - major U.S. stock indexes began trading Monday on the negative territory due to fears that an increase in base rates in China will slow world economic growth. Recall that on Saturday, the National Bank of China raised interest rates to limit inflation. Rate on loans in Renminbi for 1 year increased by 25 basis points to 5.81%. Interest rate on deposits also increased by 25 basis points to 2.75%. Reduction of the major stock indexes in the U.S. after the opening trades were short-lived. Support the auction in the U.S. had a share of the financial sector. Shares of Citigroup (C) and Bank of America (BAC) for trades increased by 1.92% and 1.61% respectively. KBW Bank Index for trades increased by 0.95%. Also in a good plus finished trading shares of high-tech sector. Overall, the industrial trades, the Dow Jones declined marginally, while broad market index S & P500 and NASDAQ Composite index of high-tech show a lateral dynamics. The U.S. dollar has lost 0.3% against its major competitors. - Today the U.S. is expected publication of macroeconomic statistics. To be published data on house price index from the S & P/CaseShiller for October, data on consumer confidence for December, as well as data on an index of manufacturing activity FRB Richmond in December. - the main stock indexes in Western Europe on the basis of trading down after Asian stock indices, after the National Bank of China raised interest rates. Activity of market participants was low. Trading on the London Stock Exchange on Monday was not conducted in connection with the celebration of Christmas. - Today in Western Europe, trading is likely to once again be held in negative territory, since, according to JSC ASYL INVEST, negative, based on fears of slowing global economic growth has not yet been fully exhausted. Yield significant economic statistics in Europe today is not expected, probably reducing the "thin" market. - the main stock indexes in the Asian region today are reduced. Shares in Hong Kong fell after a long weekend, reflecting the reaction of investors to raise the National Bank of China's basic interest rate. More than 1% of the fall campaign in China. Investors are concerned about what rising interest rates by the National Bank of China is not enough to curb rising inflation. Nikkei 225 now down against the yen to strengthen. Investors are concerned about the restriction of sales of cars in Beijing due to traffic jams, declining shares of Japanese auto manufacturers. Today in Japan were published by major macroeconomic data. The country is struggling with deflation no avail. The base consumer price index in Japan in November decreased by 0.9% year on year. Japan's unemployment rate in November was 5.1%. Industrial production in Japan in November rose by 5.8% year on year, retail sales - by 1.3% in annual terms. 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. [2010-12-28]