Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on January 11, 2011

/IRBIS, January 11, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on January 11, 2011. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Monday index ended lower KASE, mainly due to falling share prices of mining companies. Shares of Kazakhmys and ENRC on the basis of trading on Monday fell by 3% and 2%. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Monday was negative. Concern about the debt crisis of the euro area, weak data on China's trade surplus, the fear tightening of monetary policy in China had a negative impact on the dynamics of quotations in Europe. 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 trading on the LSE on Monday fell by 2.45% and 2.54% respectively. Today, the external background for the Kazakhstan stock market develops moderately negative. Fears of tighter monetary policy in China could again affect the dynamics of the quotations on the stock exchanges in Europe, after it became known that lending in China in December exceeded the target level of government In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - trading on stock exchanges in the U.S. resulted in opposite changes of the main stock indexes. The weakness of stocks at the opening was caused by a decrease in quotations in Asia and Western Europe against a background of concern about the debt problems of the euro area and output of weak economic statistics in China. On Monday, the economic statistics in the United States has not been published. The best dynamics in the auction was led by high-tech companies. Yesterday in 4 quarter of 2010 reported the aluminum company Alcoa (AA), thus enabling non-start reporting season. Alcoa's net profit in the 4 quarter of 2010 totaled 258 million U.S. dollars, or 21 cents a share, compared with a loss of $ 277 million, or 28 cents a share, a year earlier admitted. The company's revenue in the 4 quarter of 2010 rose 4% to $ 5.65 billion. If the results of company's net profit exceeded analysts' expectations, the results in terms of revenue were slightly lower. Judging from the dynamics of the stock at yesterday's auction, investors questioned the company's optimistic projections. - in the U.S. today is not expected to yield some important economic statistics. Trades in the U.S. today will depend on developments from across the ocean. - the main stock indexes in Western Europe declined on the basis of trading on Monday on speculation about the fact that Portugal could become the third country to be forced to ask for financial assistance from the EU and the IMF. According to unofficial information the ECB has started buying up government bonds Portugal, thereby reinforcing speculation in the market. Negative impacts on the dynamics of exchange indicators in Europe have data on China's trade surplus. 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 import - by 25.6% rk. In Britain, on Monday published data on house prices from the Halifax. In December, the index of home prices fell by 1.3%, which was the second consecutive decline in a row. Economists had expected the index to decline 0.4%. This year, economists predict the stability of the UK housing market. - Today in Western Europe are not expected to yield important economic statistics. Pressure on the trades may have fears of tighter monetary policy in China. Analysts ASYL INVEST does not preclude technical bounce up on the results of todays trading. - major Asian stock indexes are now showing multidirectional dynamics. Quotations decrease takes place on the exchanges of China and Japan. Negative impact on trading today has macro-economic statistics of China. International currency reserves of China in December rose by 18.7% to 2.85 trillion U.S. dollars and Renminbi loans in December rose to 480.7 billion, exceeding the target level of government. The data on lending in China in December increased fears tightening of monetary policy 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. [2011-01-11]