Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on March 1, 2011

/IRBIS, March 1, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on March 1, 2011. Analysts of ASYL INVEST notes that trading on the Kazakhstan stock market on Monday ended the growth of KASE index by a significant increase in trading volumes. The best dynamics in the auction was led by ENRC (+3.9%) and CMC (3.8%). Pressure on the index had a price reduction of shares of KMG EP (-1.7%). Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Monday were in positive territory. Best demonstrated the dynamics of the GDR of the banking sector: KKB GDR rose by 2%, GDR NSBK - 1%. Shares of mining companies have also completed the daily growth. Shares of Kazakhmys and ENRC rose 0.8%. Today, the external background for the Kazakhstan stock market develops moderately positive. As a result of today's trading, we do not exclude the growth index of KASE. Shares of CMC can grow in today's trading, shares of ENRC likely to fall. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - Major U.S. stock indices have finished the session on Monday with growth despite the sales in the second half of the trading day. At the opening of trading index has helped to grow the news that Saudi Arabia will increase oil production to compensate for the reduction of supplies from Libya. Against this background, the April futures for WTI crude oil declined by 0.9% to $ 96.97 a barrel. The weakness of high-tech NASDAQ Composite index was caused by falling prices of shares of the semiconductor industry. Moreover, the negative impact on high-tech index has had a fall in stock prices Amazon.com (AMZN) to 2.2% as a result of lowering the recommendation on the shares of the issuer by the analyst at UBS to "buy" to "neutral." Economic statistics, published in the U.S., a strong influence on the course of trades did not have, and although in our view is mainly negative points. Personal incomes in January rose by 1% mainly due to tax cuts to the payroll. Data on personal income exceeded the forecasts of economists had expected growth rate at 0.4%. Personal disposable income grew by 0.7% also due to the effect of tax changes. Data on personal expenditures for January were disappointing, as the figure rose by only 0.2%, while economists forecast growth at 0.4%. Disappointing decline by 0.1% in real terms. Decline in real terms against the indices of consumer confidence, and now gives reason to expect less than a high growth of real GDP in the U.S. in the I quarter of 2011. Now, market participants will be looking forward to Friday's employment data. In general, the growth of private consumption expenditure is only slightly increased the rate of personal savings from 5.4% to 5.8%. Consumer expenditure deflator, which is used to assess inflationary pressures, rose by 1.2%. From economic statistics, published yesterday, is also worth noting the growth in business activity index of Chicago. For February rose from 67.5 points to 71.2 points. February's value of the index was highest for the last 20 years. Also worth noting pending sales decline in the housing market in January at 2.8%. - Today, trading in the U.S. probably will depend on the external background and the dynamics of oil prices. The April futures for WTI crude oil today resumed their growth and traded at 0.4% above yesterday's level. Internal economic statistics may have a moderate influence on the trades. Today in the U.S., there are data on the index of business activity in the manufacturing sector ISM for February, data on the volume of expenditure in the construction sector in January. - Major stock indexes finished trading in Western Europe on Monday, multidirectional movement values. Positive impact on the trades had heard about the increase in oil production from Saudi Arabia in order to compensate for disruptions in supplies from Libya. Against this background, the April futures for Brent crude fell by 0.3%. According to trade in German DAX index and the French CAC 40 index rose and the British FTSE 100 fell. Negative impact on the reduction of British index was disappointing reporting banking giant HSBC Holdings (HSBC). The most important economic statistic worth noting decline in consumer prices in the euro area. Rate in January fell by 0.7%, while growth in January year on year was 2.3%. This is somewhat eased the pressure on the ECB to hold base interest rates on loans at current levels. - Today, trading on major stock markets of Western Europe are likely to be dependent on the external background, the dynamics of oil prices and the domestic macroeconomic statistics. The April futures for Brent crude today resumed their growth and added to 0.5%. Today in the euro area will leave important economic data. First of all, there are data on unemployment, which in January forecast at 10%. Also today, will the value of PMI manufacturing index for February. In Germany, there are data on the unemployment rate for February, in the UK there are data on house price index for February, data on the PMI manufacturing index for February, data on consumer credit for January. - Major stock indexes in the Asian region are now showing growth. The dynamics of the worst shows today Hang Seng index is largely due to falling stock prices HSBC Holdings (5 HK). In China, support the shares have data on the manufacturing index PMI, which in February exceeded the forecasts of economists, accounting for 52.2 points. In Japan, at the level of expectations of economists came out data on the level of unemployment. In February, Japan's unemployment rate remained unchanged from the previous month and amounted to 4.9%. 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. [2011-03-01]