Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on February 21, 2011
21.02.11 17:39
/IRBIS, February 21, 2011/ - JSC ASYL INVEST (Almaty) provided
IRBIS overview of major events and of their investment ideas and
forecasts on February 21, 2011.
Analysts of JSC ASYL INVEST note that trading on the Kazakhstan
stock market on Friday ended the fourth consecutive decline in the
index KASE. Quotations decrease accompanied by increased
trading volumes. The worst dynamics at the auctions showed stocks
NSBK (-2.5%). Trading in shares and depositary receipts of
Kazakhstan issuers on the London Stock Exchange on Friday were
in negative territory. The dynamics of the worst in the auction
demonstrated the GDR banks. GDR CMC of trading results on
Friday fell by 2.6%, GDR NSBK - 0.5%. Kazakhmys shares fell
1.6% against the National Bank of China raising minimum reserve
requirements for banks.
Today, the external background for the Kazakhstan stock market
develops moderately negative. The riots in Libya, could adversely
affect the European bid. As a result of today's trading may decrease
the index of KASE.
In addition, the analysts of JSC ASYL INVEST note the
following events in world markets:
- For most of the session on Friday the major U.S. stock indices were trading
in positive territory. In the absence of internal drivers of motion opening
trading was calm. In the afternoon, the index of wide market S & P500 and
NASDAQ Composite index tech showed fluctuations in negative territory,
while the industrial index Dow Jones - on the positive. One reason for the
volatility index has monthly options expiration. The only major negative
external event was the news of the National Bank of China raising
minimum reserve requirements for banks. As a result of the worst
dynamics at auction on Friday was led by the sector, "the basic materials (-
1.21%). According to trade in the major U.S. indices showed moderate
growth. In general, the activity of market participants was higher than the
previous day. On Friday, the NYSE has been bought and sold 1 million
shares to 162.45.
- Today, trading in stock markets and debt markets in the U.S. will not be
held in conjunction with the Day of the presidents.
- Trading on the stock exchanges in Western Europe on Friday ended with
multidirectional dynamics of the major stock indexes. At the opening of
trading observed selling on the background of the news of the People's
Bank of China raising the minimum reserve requirement for banks to curb
inflation. Bank of China raised the reserve ratio by 50 basis points, which
was the eighth increase in reserve requirements since 2010. As a
consequence of the worst dynamics at the auctions in Europe have
demonstrated the shares of mining companies. Economic statistics,
published in Europe, a noticeable effect on the dynamics of trades did not
have. Industrial prices in Germany in January rose by 1.2% compared to
the previous month, while retail sales of the UK in January rose by 1.6%
compared to the previous month.
- Today, trading on major stock markets in Western Europe is likely to be
completed major decline in stock indexes. Negative impact on the trades
may have heightened tensions in the Middle East. On the streets of Tripoli
are fights between demonstrators and the army. Against the backdrop of
riots in Libya today, more expensive oil and, consequently, the best
dynamics in European trading today may show the shares of oil
companies. Also, the rise in gold prices. The second half of trading in
Europe will take place without the traditional external reference in the form
of trading in the U.S., since trading in the U.S. today are not held in
connection with the holiday. All this suggests a decline of European
trading. Economic statistics on this background probably will not have a
strong influence on trading. Today in Europe is expected to publish data on
the Euro zone PMI composite index for February. In Germany, to be
published data from the Ifo index in February on the business climate
indicator, the indicator of the current situation and expectations.
- Major stock indexes in the Asian region are now showing multidirectional
dynamics. Negative impact on stock trading have riots in Libya.
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.
[2011-02-21]