Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on January 25, 2011
25.01.11 17:58
/IRBIS, January 25, 2011/ - JSC ASYL INVEST (Almaty) provided
IRBIS overview of major events and of their investment ideas and
forecasts on January 25, 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 trade results fell respectively 2.44% and 2.83%. 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 have managed to get
out of negative territory, the GDR banks have demonstrated lateral
dynamics, the GDR KMG declined to 2.17%.
Today, the external background for the Kazakh market 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 Monday have ended the growth of the major
stock indexes. The best dynamics in the auction was led by technology
companies, and as a consequence, high-tech NASDAQ Composite Index
has shown the greatest growth on the session among the major U.S. stock
indices. Shares of NVIDIA (NVDA) were added to the capitalization of
11.3% amid media reports that the company's stock could rise another
80% in one year. Financial statements of companies in the last quarter did
not play the main role in the growth of the major U.S. stock indices.
- Today the U.S. is expected to publish quarterly reports of 86 companies,
including company reports AK Steel Holding (AKS), Baker Hughes (BHI),
Johnson & Johnson (JNJ). Reporting season comes to an end. Also today,
the expected publication of macroeconomic statistics: house price index
from the S & P/CaseShiller for November, house price index from the
FHFA for November, consumer confidence in January, the index of
industrial activity the Federal Reserve Bank of Richmond in January.
Analysts ASYL INVEST believes that corporate reports and economic
statistics will not play a key role in trading today. Sentiment in U.S. markets
sufficiently positive and ASYL INVEST expects growth in the major U.S.
stock indices on the basis of today's trading.
- trading on stock exchanges in Western Europe on Monday ended the
growth of the major stock indices on the background of a good corporate
reporting and the positive dynamics of the major U.S. stock indices.
Economic statistics, published in the zone, the euro as a whole was better
than economists' expectations. The volume of euro-zone industrial orders
in November rose by 19.9%, while economists had expected growth of
17.4%. Euro zone Composite PMI index for January rose to 56.3 points;
economists forecast growth to 55.6 points. The manufacturing PMI index in
Germany fell in January from 60.7 points to 60.2 points, economists
predicted value of the index at 60.9 points.
- Today in Britain will come Preliminary GDP data for the 4 quarter, data on
an index of activity in the service sector in November, data on volume of
State borrowing in December. Analysts of JSC ASYL INVEST expected
growth in the major stock indexes in Western Europe on the basis of
today's trading.
- major Asian stock indexes are now showing multidirectional dynamics.
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.
[2011-01-25]