Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on March 3, 2011

/IRBIS, March 3, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on March 3, 2011. Analysts ASYL INVEST note that trading on the Kazakhstan stock market on Wednesday ended with the fall of KASE index by 1,7% due to falling stock prices KKB (-5.6%), Kazakhmys (-4.3%), NSBK (-1.8%) and BCC (-0,6%). The trading volume for shares of KASE index on Wednesday on the previous day decreased by 33.6%. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Wednesday ended differently. Abrupt changes in the market by end of the day did not happen. Today, the external background for the Kazakhstan stock market develops neutral. Geopolitical tensions in the Middle East, the rise in oil prices adversely affected the dynamics of the indices of the U.S. and Europe, but domestic economic statistics in the U.S. today supports the Asian markets. In general, rising oil prices a positive sign for the domestic market shares, as expectations of tenge, demotivated investments in dollar-denominated securities in foreign markets. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - Major U.S. stock indexes during the session on Wednesday traded in a relatively narrow range and closed the day with a slight increase. The focus of the market was oil prices and the situation in the Middle East and North Africa. The news that the Libyan Air Force opened fire near the town of Marsa el-Brega, where the export of oil, boosted oil prices, which in turn caused the reduction of the major U.S. stock indices with the maximum intraday marks. As a result of the April futures environment for WTI crude oil rose by 2.6% to $ 102.23 a barrel. The price of gold has once again set the historical record, rallied to $ 1,434.5 an ounce. Market participants on Wednesday drew attention to the economic statistics published in the United States. Data on changes in the number of employees from ADP were generally positive, exceeding economists' forecasts and supported the equity markets. The number employed in the private sector in the country according to ADP in February rose by 217 thousand, while economists had forecast an increase of 180 thousand estimate of the number of employed in January was revised from 187 thousand to 189 thousand in February, the number of people employed in the services sector grew 202 thousand number of people employed in the sector of production of goods grew for the fourth time in a row in February, an increase of 15 thousand relatively strong growth in the number of employees from ADP suggest strong growth in the number of people employed in non-farm private sector for which data will be released in the report on employment in this Friday. Overall, the data from the ADP positive, given that the average growth of total employment over the last 2 months of $ 217 thousand, and average growth of total employment from July to December 2010 amounted to only 63 thousand on Wednesday also released a report the U.S. Federal Reserve "Beige Book" which impact on stock trading was not there. The report showed that in January of economic activity has increased, consumer spending has improved, and labor market changes have been modest. Reports indicated that economic activity has slowed down due to bad weather conditions. The tone of the report pointed to the desire of manufacturers and retailers to raise consumer prices. With regard to changes in lending and housing market, the changes were limited. - Today, trading in the U.S. will probably depend on how events will develop further in the Middle East and the dynamics of oil prices. The April futures for WTI crude oil today held above the level of $ 102 per barrel. Internal economic statistics today can have an impact on trading. Of the important statistics are now expected to yield data on the number of initial claims for payment of unemployment benefits for the week ended Feb. 26. The economic backdrop for the U.S. stock market as a whole is positive, but tensions in the Middle East is not giving the market play a positive on economic data. In the case of persistent tension in the Middle East, U.S. stock indexes continue to fall. - Major stock indexes finished trading in Western Europe on Wednesday next drop. Negative impact on trading in Europe, had concerns about the situation in the Middle East and North Africa. Rising oil prices also had a negative impact on the trades. The April futures for Brent crude rose on Wednesday for a further 0.8% to $ 116.35 a barrel. - Today is the day in Europe, rich in internal events. The focus of the market will be a decision the ECB's main interest rate. Economists predict that rate will remain at 1%, but there is little likelihood of its increase. Also today, the importance of statistics are data on the composite PMI index for the Euro zone in February, the euro zone GDP data for the 4 quarter, data for euro- zone retail sales for January. In Germany, expected to yield data on retail sales for January and the data on an index of business activity in the service sector PMI. Overall, trading on major stock markets of Western Europe can largely depend on developments in the Middle East and the dynamics of oil prices. Today, the April futures for Brent crude rising slightly above the mark and traded at $ 116 per barrel. - Major stock indexes in the Asian region are now showing growth against a background of positive data in the U.S. to change the number of employees in the private sector. 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. [2011-03-03]