Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on February 10, 2011

/IRBIS, February 10, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on February 10, 2011. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Wednesday ended with a minor correction of KASE index by threefold decrease in trading volumes. KASE index decreased was due to lower stock prices NSBK, Kazakhmys and KMG on 4.1%, 1.2% and 0.9% respectively. Shares were NSBK correction after continuous growth over the five trading days. Support index has prices shares in ENRC, KKB and KazakhTelecom by 1.8%, 1.7% and 1.4% respectively. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Wednesday ended with multidirectional price dynamics. The worst dynamics demonstrated shares of mining companies, responding to lower prices for base metals in the background of rising interest rates by the Bank of China. Kazakhmys shares fell 3.27%, shares of ENRC - on 1.65%. GDR NSBK fell 2.28%. GDR CMC continued to play to improve, went up by 3.5%. Today, the external background for the Kazakhstan stock market develops neutral. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - up to the session on Wednesday, the Dow Jones industrial rose marginally, while broad market index S & P500 index and high-tech NASDAQ Composite declined slightly. In the absence of strong drivers of motion dynamics of the trading was sluggish and was determined by market sentiment. Broad market index could not overcome resistance at the neutral line, which caused a moderate fixed income. The Dow Jones Industrial was able to return to positive territory in the final minutes of trading. Support for the index of industrial stocks had Walt Disney (DIS), which became a leader among growth stock index on the background of the publication of financial results surpassed analysts' expectations. The industrial index, thus, resulted in the growth-eighth session in a row. Statement by U.S. Fed Chairman Mr. B. Bernanke before the House of Representatives Budget Committee in the long run is nothing new to the market to no avail. Total trading volume on Wednesday was higher than the previous day. On Wednesday, the NYSE has been bought and sold 947.16 million shares. - Today the U.S. is expected to yield important economic statistics. To be published data on the number of initial claims for unemployment benefit for the week ended Feb. 5. Economists predict a decrease of this index from 415 thousand to 410 thousand in the case when the value index will be released at the level of expectations of economists, it would improve market sentiment with respect to the labor market and consumption, respectively. On the other hand figure is quite volatile and may exceed the forecasts of economists that could trigger a partial fixation of profits on stocks sensitive to economic news. Corporate reports in today's session may have an impact on stock trading. Today in the U.S. is expected to publish quarterly reports of 154 companies. - trading on stock exchanges in Western Europe in the medium resulted in declining major stock indexes. Impact on the trades provided domestic economic statistics and negative dynamics of the major U.S. stock indices at the opening. Trade deficit of the UK in December rose to 8.46 billion pounds to 9.25 billion pounds. Economists had forecast the value of this indicator at -8.6 billion pounds. German exports in December grew by 0.5% and imports fell by 2.3%. Economists had forecast growth in exports by 1% and import growth of the country at 0.8%. - Today in the Euro zone will the ECB monthly report for February. In the UK there are data on industrial production for December. Will be announced the decision of the Bank of England on interest rates. From corporate reports today will be published financial statements of companies Credit Suisse (CSGN), Renault SA (RNO), Rio Tinto (RIO), Alcatel-Lucent/France (ALU), and others. The dynamics of the stock trades today will depend on domestic economic and corporate events, as well as the dynamics of the major U.S. stock indices. - the main stock indexes in the Asian region today do not show uniform dynamics. Negative impact on the bidding has fears of another rate hike by the Bank of China in the near future. 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. [2011-02-10]