Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on January 24, 2011

/IRBIS, January 24, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on January 24, 2011. Analysts of JSC ASYL INVEST note that correcting downward movement, which began Thursday, continued into Friday. KASE index on the basis of trading on Friday, down 1%, mainly due to falling prices of ENRC and NSBK respectively 3.1% and 1.8%. Players record profits because they do not find evidence of an increase in European trading. In positive territory ended trading in shares of BCC (3.1%), Kazakhmys (1.1%) and KMG (+1%). Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Friday ended their multidirectional dynamics. Today, the external background for the Kazakh stock market before the opening of trading develops neutral. As a result of today's trading can increase the index of KASE. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - trading on U.S. exchanges on Friday ended multidirectional dynamics of the major stock indexes. The Dow Jones Industrial Index and the broad market S & P500 rose against the backdrop of the quarterly results of Group General Electric (GE), which surpassed analysts' estimates. Net profit of the group grew in the IV quarter by 51% to 4.54 billion U.S. dollars, or up to 42 cents per share. Concern has grown revenues by 1% to 41.38 billion dollars, marking the first quarterly increase in nine quarters. Shares raised on concern the results of trades on Friday at 7.1% to 19.74 dollars. On Friday reported Bank of America (BAC). Loss of the bank in the IV quarter totaled 1.24 billion U.S. dollars, or 16 cents a share, due to increased reserves for bad loans, court costs, depreciation of assets in mortgage lending division. Proceeds of the bank in the IV quarter fell 11% to 22.4 billion U.S. dollars. Shares of Bank trades on Friday fell by 2% to 14.25 dollars. Shares of the financial sector, however, on Friday showed an increase due to the dynamics of shares of regional banks. Financial Results Sun Trust (STI) and BB & T (BBT) supported the sector better than expected. KBW Bank Index rose 1.6% on the results of the session on Friday. Shares of the company Google (GOOG) fell 2.4%, adverse effects on high-tech index NASDAQ Composite, which could not withstand the pressure of speculators, declined by trades on Friday. - Today the U.S. is expected to publish quarterly reports of 152 companies, including reports of companies American Express (AXP), Halliburton (HAL), Texas Instruments (TXN), and Amgen (AMNG). Release of economic statistics in the U.S. today is not expected. Influence the course of trade may have publication of quarterly results of companies. As a result of trading in the U.S. intelligence, ASYL INVEST expected growth of the main U.S. stock indices. - trading on stock exchanges in Western Europe on Friday ended the growth of the major stock indexes. Positive impact on the trades had macroeconomic statistics and the quarterly report of concern General Electric (GE). The index of business sentiment in Germany from the Ifo index for January 2011 increased from 109.8 to 110.3 points, which was better than forecasts of economists expect a weak growth. Indicator of expectations from the Ifo also exceeded economists' forecasts, rising in January 2011 to 106.8 to 107.8 points. The index of the current situation of the Ifo index for January 2011 decreased from 112.9 to 112.8 points. Retail sales in Britain in December, fell in line with economists' forecasts for 0.3%. - Today in the euro area, there are data on the manufacturing PMI index for December and data on new industrial orders for November. In Germany, will be published values of the PMI manufacturing index for December. Overall, trading on the major sites in Western Europe will depend on the session of the United States. - major Asian stock indexes are now showing multidirectional dynamics. Support trades have positive financial results for last quarter and analysts' forecasts. Negative impact on trading in China has reported the planned government restrictions on the property market. 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. [2011-01-24]