Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on January 5, 2011

/IRBIS, January, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on January 5, 2011. Analysts of ASYL INVEST note that the trading of shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Tuesday in the growth. Successfully formed a day for shares in mining companies, despite the decline in prices for industrial metals. ENRC shares on trading results went up by 3.15%, Kazakhmys shares - at 2.17%. GDR KMG declined slightly in trading results, despite an increase in stocks of oil and gas sector in Europe. Depositary receipts of banks also rose in price: NSBK (3.48%), CMC (0.84%). External background before bidding on KASE develops positive for the shares of mining companies and shares of the banking sector, which today have to win back the positive developments on the LSE, took place a day earlier. Today, only slightly down Asian stock indexes, the price of oil and industrial metals. U.S. dollar slightly stronger 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 on Tuesday failed to continue a single upward momentum that has been observed the previous day, ending the trading session with mixed results. Following the session on Tuesday, the Dow Jones industrial rose marginally, while broad market index S & P500 index and high-tech NASDAQ Composite declined. After the opening of the indices in positive territory began selling, which can then no longer valid. The dynamics of the worst in the auction was led by the sector "the basic materials and energy sector stocks on a background of strengthening U.S. dollar, which rose by 0.4% in relation to its major competitors. Economic statistics released Tuesday, had no detectable effect on stock trading. Factory orders in the U.S. in November rose by 0.7%, while economists had expected reduction rate at 0.1%. The growth of manufacturing orders as a whole was due to a change index of orders for durable goods, which in November fell by 0.3% compared with a fall of 3.1% in October. Orders for nondurable goods in November increased by 1.7% after rising 1.5% in October. In general, the industry needs for goods rose in November, which had supported the U.S. dollar. Some impact on stock trading had reported sales of automakers in 2010. Thus, General Motors (GM) reported an increase in sales in 2010 to 16%, Ford (F) - 17%, Nissan Motor (NSANY) - 28%. Honda Motor (HMC) reported increased sales of engines in 2010 to 26%. Yesterday the report was published with the last meeting of the FOMC, which has shown some improvement in economic growth, particularly after the granting of tax exemptions. Situation associated with the labor market also improved slightly in November and December 2010. The risk of deflation, despite the slowdown in inflation, according to members of FOMC, is low. In general, despite some improvement in the economy, its growth is insufficient for the Fed to change its policy. - in the U.S. today on investor activity can affect economic statistics. Today will be published data on changes in the number of employees from ADP in December and data on the composite index for the ISM non-manufacturing areas in December, is expected to increase performance. As a result of trading today, analysts of ASYL INVEST expect growth in the major U.S. stock indices. ASYL INVEST INVESTORS recommended opening long positions, since we do not see the negative factors that could lead to a large correctional movement down. - the main stock indexes in Western Europe on the basis of trading on Tuesday showed multidirectional movement. According to trade in the British FTSE 100 index rose, the French CAC40 rose slightly, while the German DAX declined marginally. Shares of oil and gas sector in trading on the LSE have shown significant growth. Support the shares of oil and gas sector had the news that the company Royal Dutch Shell (RDSA) may buy the company BP (BP). Today in Europe was published economic statistics. Germany's unemployment rate in December was 7.5%, which was at the level of expectations of economists. - Today in Western Europe will be published by an important economic statistics, which can affect the course of trading shares. In the euro area, there are data on the composite PMI index for December, data on the PMI index of business activity in the services sector, data on new orders in industry in December, data on producer price index for December. In Germany and the UK is expected to yield data on the index of business activity in the service sector PMI for December. - major Asian stock indexes are now showing mixed dynamics. Negative influence on the bidding has to strengthen the U.S. dollar and expectations of an increase in reserve requirements for banks in China. 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. [2011-01-05]