Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on January 6, 2011

/IRBIS, January 6, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on January 6, 2011. Analysts of ASYL INVEST note that trading on the Kazakhstan stock market on Wednesday ended in negative territory due to decrease in stock prices KKB NSBK and KMG. External background while formed negative. Trading activity on the first trading day in 2011 was relatively high. On the London Stock Exchange trading of shares and depositary receipts of Kazakhstan issuers were negative. Lower prices for industrial metals have weakened the position of mining shares. As a consequence, Kazakhmys shares fell 1.52%, ENRC shares were down 0.19%. GDR KMG on trading results at the LSE fell by 0.25%. Depositary receipts of banks also finished the day in negative territory: DDR KKB (-4.58%), NSBK (-0.29%). Today, the external background for the Kazakhstan stock market develops positive. Trading in Europe could end growing major stock market indices by a positive close of trading in the U.S. KASE index today probably will show a positive trend, noted analysts ASYL Invest. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - major U.S. stock indices rose on the results of trading on Wednesday thanks to the good macroeconomic data and a separate corporate news. Trades on U.S. exchanges began with the fall of the major stock indices on a negative external background, but good data on the number of people employed in the private sector by ADP have helped major U.S. stock indices will soon go into positive territory. Before the opening of trading, it became known that the number of people employed in the private sector in December, seasonally adjusted increased by 297 thousand Moreover, according to ADP, the number of people employed in the services sector in December increased by 270 thousand, while the number employed in the manufacturing of goods - by 27 thousand for this sharp increase in the number of people employed in the private sector by ADP was not the history that began in 2001. Change from the previous period was revised from 92 thousand to 93 thousand index shows an increase in the rate of growth since October 2010, which is undoubtedly a positive factor pointing to an improvement in the labor market. The sharp rise in the number of employees in the private sector of the U.S. in December laid the positive expectations of market participants regarding the data on the number of people employed in non-farm sector in the country and data on the unemployment rate for December, which publication is expected on Friday. Economists predict that the number of people employed in non-farm sector in the country in December increased by 150 thousand and the unemployment rate in December fell from 9,8% to 9,7%. Also, economists have been better than expected data on the composite index for the ISM non-manufacturing sector. In December, the figure rose from 55 to 57.1 points. Economists had expected growth rate to 55.7 points. Market participants ignored the publication of this indicator, because the service sector less cyclical than the manufacturing sector. In general, the best dynamics in the auction was led by financial sector is not without the help of the news that the insurance company AIG (AIG) received an offer to buy Taiwanese company's assets for $ 3 billion. Following the auction on Wednesday, KBW bank index rose by 1.35%. The U.S. dollar has appreciated by 1.05% relative to its major competitors. - Today the U.S. is expected to yield data on the number of initial claims for unemployment benefit for the week ending January 1, 2011. Economists forecast the growth rate up to 408 thousand Analysts ASYL INVEST think that could be exceeded projected data on the actual data, since applying for unemployment benefits during the holidays can be less than a week earlier. Today in the U.S. may continue to grow major stock indexes. Even if the actual data on the level of benefits would be at or above the expectations of economists, market sentiment will remain positive, since yesterday released a report on the number of people employed in the private sector from the ADP, laid the positive expectations about the employment report, which will be published in Friday. In general, the risk appetite of investors is sufficiently high. - the main stock indexes in Western Europe on the basis of trading on Wednesday showed multidirectional dynamics. According to trade in the British FTSE 100 index rose, the French CAC40 and the German DAX declined slightly. The worst dynamics at the auctions showed shares in companies mining sector. Economic statistics, published in Europe yesterday, as a whole was better than economists' forecasts. In particular, economists came out better than expected data on the composite index of Euro zone PMI for December, data on an index of business activity in the service sector PMI for the Euro zone in December, data on new orders in industry Euro zone in December. In Germany, economists came out better than expected data on business activity index in service sector PMI for December. - Today in the euro zone will be published a series of macroeconomic statistics. Expected to yield data on the business climate index for December, data on consumer, economic and industrial confidence in December, and data on retail sales for December. In Germany today, to be published data on industrial orders for November, and in the UK - the data on an index of business activity in the services sector in December, data from the real estate market. Today, analysts of JSC ASYL INVEST expected growth of the main stock indexes in Western Europe on optimism about U.S. economic recovery after data on the number of people employed in the private sector from the ADP. - major Asian stock indexes are now showing mixed dynamics. Today increase in the values of Nikkei 225 and Hang Seng. Shanghai Composite index drops slightly. In general, a positive impact on the dynamics of Asian stock indexes had a positive close of trading in the U.S. 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. [2011-01-06]