Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on December 29, 2010

/IRBIS, December 29, 2010/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on December 29, 2010. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Tuesday ended with a slight decrease of KASE index by reducing the prices of shares NSBK, CMC and BCC by 1.3%, 1.8% and 0.7% respectively. Reducing index weakened the positive dynamics of shares of Kazakhmys (0.6%), Kazakhtelecom (0.5%) and KMG (0.9%). External background in this emerging neutral. Trading on the London Stock Exchange on Tuesday was not carried out in connection with the Christmas holidays. Today, the external background for the Kazakh market develops neutral. Asian stocks rose, oil prices are now significantly reduced, industrial metals slightly increasing. Dollar falls today in relation to its main competitors. Trading activity on the domestic market is likely to remain weak, said analysts of JSC ASYL Invest. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - major U.S. stock indices finished the session on Tuesday, multidirectional movement. The Dow Jones Industrial and the broad market index rose slightly, while high-tech NASDAQ index declined marginally. Impact on the trades had macroeconomic news. Before the opening of trading was published index prices of S & P CaseShiller. In October the value of the index declined by 1.3% compared to the previous month. The price index for the 20 largest U.S. cities in October fell by 0.99%. The consensus forecast of economists anticipated decline in this indicator on 0,6%. If the data on real estate prices have been ignored by the market, data on consumer confidence has not gone unnoticed and put pressure on the course of trading. Consumer Confidence Index in the U.S. in December fell to 52.5 points from the value of 54.3 points in November. Economists had expected growth rate to 56.3 points. These were unexpected, since data on consumer confidence index from the University of Michigan, published Dec. 23, showed an increase in the index to one of the highest since January 2008 level - up to 74.5 points. Moreover, economic statistics, published in the last few months, including the labor market, as well as the behavior of stock markets, did not give reasons to expect deterioration in consumer confidence. In general, published data on consumer confidence index were disappointing and had a negative impact on the dynamics of the major U.S. stock indices. Trading activity in the U.S. yesterday was quite low, including due to bad weather. The best dynamics in the auction was led by oil and gas sector and the sector "basic materials". This was facilitated by the weakening U.S. dollar on global currency market. - in the U.S. today is not expected to publish an important macroeconomic statistics. In general, the session promises to be quiet. - the main stock indexes in Western Europe on the basis of trading on Tuesday showed multidirectional movement. Trading activity due to holidays has been relatively low. No important economic statistics during the holidays. Trading on the London Stock Exchange on Tuesday was not conducted. - Today in Western Europe trades are likely to be held in the sideways trend. Nothing portends any drastic changes in the market. From economic statistics is expected to publish data on the consumer price index in Germany in December. - the main stock indexes in the Asian region are now showing growth after a prolonged decline. 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. [2010-12-29]