Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on January 13, 2011

/IRBIS, January 13, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on January 13, 2011. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Wednesday resulted in the growth of KASE index due to price increases across virtually the entire spectrum of the most liquid stocks. The best dynamics in the auction was led by mining companies. Kazakhmys shares in the domestic market have increased in price by 4.52%, shares of ENRC - at 4.52%. KASE index reached the maximum value from May 5, 2010, increased by 1.73%. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Wednesday also passed a positive. The successful placement of 10-year government bond Portugal increased risk appetite among investors. The best dynamics in the auction once again demonstrated the shares of mining companies: ENRC (+4.36%), Kazakhmys (3.66%). Today, the external background for the Kazakhstan stock market develops positive. As a result of today's trading analytics ASYL INVEST expect growth index KASE. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - trading on stock exchanges in the United States on Wednesday ended the growth of the major stock indexes to new two-year highs. Positive impact on the dynamics of the major U.S. stock indexes had the news that Portugal has successfully conducted the auction of 10-year government bonds worth 1.25 billion euros. The best dynamics on the auction showed the shares of financial companies, including the anticipation of the publication of quarterly financial results better than expected. Shares of Citigroup Inc (C) on Wednesday rose 2.83%, shares of JP Morgan Chase & Co (JPM) - to 2.55%, shares of Bank of America Corp (BAC) - to 2.04%. KBW Bank Index rose 1.5%. The increased appetite for risk has weakened the U.S. dollar. On Wednesday, it weakened by 1% relative to its major competitors. On Wednesday the report was published the U.S. Federal Reserve "Beige Book". According to a report in mid-November until the end of 2010 there was an increase in economic activity. Improvement was observed in the manufacturing sector and non-financial services sector, while construction and financial sector remained weak. The downside of the report was a brief description of the situation on the labor market. - Today the U.S. is expected to yield data on production prices for December 2010, data on trade balance for November 2010. Will also be published data on the number of initial claims for unemployment benefit for the week ended Dec. 8. Moreover, today is expected to release financial results for the latest quarter from the company Intel (INTC). Growth in the stock trading could continue even today. - the main stock indexes in Western Europe rose up to the auction on Wednesday against the backdrop of the successful placement of 10-year government bonds in the amount of Portugal 1,25 billion euros. Against this background, the best dynamics in the auction was led by banks: Banco Santander (SAN; +9.56%), UBS (UBSN; +4.33%), HSBC (HSBA; +3.82%), Barclays (BARC; + 3.63%), Lloyds (LLOY; +2.31%). From economic statistics, published yesterday in the Euro zone, it is worth noting were better than expectations data on industrial production of the Euro zone. In November 2010 this indicator grew by 1.2% compared to the previous month, while economists had expected growth to 0.5%. - Today, the Euro zone will be published economic data. In the UK, will be published data on industrial production for November 2010, in Germany there are data on wholesale prices for December 2010. Also, today is expected to decide on interest rates Bank of England and the ECB. Analysts of JSC ASYL INVEST do not preclude the growth of the major stock indexes in Western Europe on the basis of today's trading. - major Asian stock indexes are now showing growth as risk appetite among investors has grown since Portugal has successfully conducted the auction of government bonds. Of the important developments in this region can be noted an unexpected increase in the Bank of Korea's interest rate by a quarter percent to 2.75%. 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. [2011-01-13]