Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on January 26, 2011

/IRBIS, January 26, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on January 26, 2011. Analysts of JSC ASYL INVEST note that the fourth consecutive trading day, the Kazakh market share demonstrates the correction after seven days of continuous growth. As a result of Tuesday's KASE index decreased slightly, mainly due to falling prices for shares of KMG EP (-2.54%) and Kazakhmys (-1.39%). Support the stock index had a price increase for shares NSBK (1.83%) and CMC (1.09%). Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Tuesday have been in negative territory. Shares of mining companies came under pressure from falling prices for industrial metals. Shares of Kazakhmys trades fell by 3.72%, shares of ENRC - at 2.72%. Today, the external background for the Kazakh market develops moderately negative. As a result of today's trading analytics ASYL INVEST expected to reduce the index of KASE. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - for most of the Tuesday session major U.S. stock indices showed fluctuations in negative territory with an uncertain external background, but by the end of the session were able to rectify the situation, ending the session near the previous close. Financial results for last quarter of American companies in general were better than analysts' expectations, but the impact on the trades have not had, since market participants are counting on strong results. Economic statistics, published in the U.S. has supported major stock indexes. For example, U.S. consumer confidence index for January rose to 60.3 points from the revised values for December to 53.3 points, well above the forecasts of economists who had expected growth to 54 points. The growth index of consumer confidence was well over the past 20 months and was caused by the rising expectations of 72.3 points to 80.3 points and increasing the index of current conditions from 24.9 points to 31 points. In this case, positively, that the estimate of the semi-annual outlook for the labor market has improved, as evidenced by the improvement in the labor force index to minus 38.2 points. Overall, the growth of consumer confidence has a positive effect on consumer spending, which will support economic growth. The rest of economic statistics in the United States had no effect on the trading session. - Today the U.S. is expected to publish quarterly reports of 137 companies, including reports of companies Automatic Data Processing (ADP), Xerox (XRX), Boeing (BA), Occidental Petroleum (OXY), ConocoPhillips (COP), Netflix (NFLX), and Symantec (SYMC). Today is expected to be published macroeconomic statistics: sales in the primary housing market in December and an application for a mortgage on the MBA in December. Also today, the FOMC will take a decision on interest rates. Analysts of ASYL INVEST believe that corporate reports and economic statistics will not play a key role in trading today. Session, according to ASYL INVEST, may terminate the growth of the major U.S. stock indices. - trading on stock exchanges in Western Europe ended lower on Tuesday, major stock indexes on the background of volatility in trading in Asia and the negative dynamics of the major U.S. stock indexes at the opening. Influence of the session also had a message on the reduction of UK GDP in the IV quarter at 0.5%. Economists had forecast that the growth of UK GDP was 0.5%. Negative impact on the dynamics of the main stock indexes in Western Europe has also had negative changes in the commodity markets. - Today in Germany there are data on the import price index for December, in the UK - data on the volume of mortgage loans from the BBA in December. Also today, will publish minutes from the last meeting of the Bank of England. Analysts of JSC ASYL INVEST expect growth in the major stock markets of Western Europe on the basis of today's trading. - major Asian stock indexes are now showing multidirectional dynamics. Nikkei 225 drops after its growth on Monday against the backdrop of increasing the GDP estimates of the Bank of Japan from 2.1% to 3.3%. The remaining major stock indexes in the Asian region, in contrast, show a positive change in values. 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. [2011-01-26]