Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on January 18, 2011

18.01.11 17:00
/IRBIS, January 18, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on January 18, 2011. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Monday were calm and ended a slight increase of the index KASE. The main positive impact on the dynamics of the index has increased prices of shares of KMG EP by 3%. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Monday ended with multidirectional price dynamics. Shares of mining companies traded in the "red zone": equities Kazakhmys fell 1.46%, shares of ENRC - 1,2%. Depositary Receipts KMG, KKB and NSBK rose 6.44%, 1.67% and 2.05% respectively. Today, the external background for the Kazakh stock market before the auction consists largely neutral. In the European trading growth is possible after positive data out over the volume of foreign direct investment in China. Against this background, growth may end the day the shares of mining companies. Shares of KMG EP are probably now the game will continue to increase. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - trading on stock exchanges in the United States on Monday not conducted in connection with Memorial Day, Martin Luther King. \ - today, Citigroup (C), Apple (AAPL), IBM (IBM), Western Digital Corp (WDC), Delta Airlines (DAL) today announced financial results for last quarter. These events will be the focus of market participants today will determine the dynamics of the major U.S. stock indices, especially high- tech Index NASDAQ Composite, which in the case of the publication of favorable results of high-tech sector companies for the last quarter to approach close to the maximum level over the past 10 years. Today, as in the U.S. is also expected to yield economic statistics. Important will be data on international capital flows (data TIC). - trading on stock exchanges in Western Europe on Monday ended with opposite changes of values of the major stock indexes. During the day, the major indices showed weak dynamics in the absence of an external reference. Some influence on the auctions provided the Euro zone finance ministers' meeting in Brussels, which is probably discussed the possibility of increasing the European Foundation for financial stability, credit facility of concern of the Euro zone countries. Euro is against this backdrop lost 0.7% against the dollar. Market participants to wait. - Today a major impact on trading on major stock markets in Western Europe will provide the results of meetings of Euro zone finance ministers in Brussels, and the financial results of major U.S. companies for the last quarter. Positive impact on trading today may have heard about the record growth in 2010 total foreign direct investment in China. In the euro today, will be published data on the index of sentiment in the business environment of the ZEW in January in Germany - the data on an index from the ZEW current situation in January, and data sentiment index in the business environment of the ZEW in January. In the UK, will be published statistics for December Consumer Price Index, the Producer Price Index, an index of retail prices. - major Asian stock indexes are now showing upward trend. Impact on the trades has a positive data from China. In China today, went record data on the volume of foreign direct investment (FDI) in December. In December, FDI increased by 15.6% and in 2010 their volume increased by 17.4% to a record 105.7 billion U.S. dollars. This statistic has a positive impact on trading, as increased confidence that earnings growth will stimulate demand. In Japan, published data on the volume of industrial production. In November, the indicator rose by 1%. 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. [2011-01-18]