Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on January 10, 2011

/IRBIS, January 10, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on January 10, 2011. Analysts of JSC ASYL INVEST note that the trading of shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Friday resulted in opposite changes in prices. Waiting for the statistics on the U.S. labor market and the pressure of leading Euro zone countries to Portugal with the requirement to seek financial assistance from the IMF and the EU have a negative impact on investor sentiment. Published statistics on balance of payments in Germany are also negatively affected the course of trading shares. In negative territory ended trading in shares of mining companies, aided by the negative dynamics of prices for industrial metals. Shares of Kazakhmys and ENRC up to the auction on Friday fell by 1.73% and 1.02% respectively. KMG GDR rose by 1.28%. GDR banks finished trading in different directions: NSBK (0.57%), CMC (-0.66%). Today, the external background for the Kazakhstan stock market develops moderately negative. The negative dynamics of Asian stock markets could negatively affect the course of trades in Europe. As a result of today's trading on the domestic market will probably drop the index KASE. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - major U.S. stock indexes declined on the basis of trading on Friday due to the weakness of financial sector stocks. The focuses of the market on Friday were the data on employment and the speech of the Fed's Mr. Bernanke BS. Before the opening of trading, it became known that the number of people employed in non-farm sector of the U.S. in December rose by 103 thousand, which was below forecasts of economists had expected growth of 150 thousand number of people employed in the private sector in the country in December increased by 113 thousand Economists had expected growth of the rate of 178 thousand Markets came into confusion, as published data on the level of unemployment in the U.S. for December alleviated the effect of disappointing data on number of employees in non-farm sector and the private sector. The U.S. unemployment rate in December fell by 0.4 percentage points to 9.4%, the number of unemployed fell by 556 tons to 14.5 million Economists had expected that in December the U.S. unemployment rate will be 9.7%. Overall, the data on employment in the United States show an improvement in the labor market situation, but the rate of improvement is insufficient to measure the Fed turned QE. The second important point of the day - the speech of the Fed's Mr. Bernanke BS. In his speech, the head of the Central Bank announced that employment in the U.S. is not growing at a pace that could lead to a steady decline in unemployment. In this case, the risk of deflation. Sentiments in the markets have deteriorated against this backdrop that the shares went into a decline. The dynamics of the worst in the auction was led by the financial sector. KBW bank index up to the auction on Friday fell by 0.9%. The U.S. dollar finished the day increase by 0.3% in relation to its major competitors. - in the U.S. today is not expected to yield some important economic statistics. On market sentiment can affect the events of the ocean. - the main stock indexes in Western Europe declined by trades on Friday on expectations of output statistics on employment in the United States, consist of data on Balance of Payments in Germany in November. Investors are also negatively by the news that the leading euro-zone countries are putting pressure on Portugal and the need to resort to financial assistance from the EU and the IMF. According to official figures the positive trade balance of Germany the seasonally adjusted in November 2010 dropped to 11.8 billion euros. Economists had expected growth to 15 billion euros. The worst dynamics at the auctions in Europe have shown the shares of the financial sector. - Today in the UK is expected to yield data on the index of house prices Halifax in December. In general, the background before the opening of trading on the grounds of Western Europe formed the negative. The opening bid is likely to happen in negative territory. Negative impact on trading in Western Europe is likely to have a speaker on Asian stock exchanges. - the main stock indexes down Asia today as investors embraced a negative employment data in the U.S. and show concern about the debt problems of the Euro zone. Also negative impacts on trading expectations have tighter monetary policy in China. In China today came out data on the trade balance. In December 2010 a trade surplus of China totaled $ 13.08 billion against $ 22.89 billion the previous month. Exports grew by 17.9% MHC, and imports by 25.6%-MHC. Overall, the data were worse than economists' forecasts and may negatively affect the stock trades. 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. [2011-01-10]