Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on March 5, 2011

/IRBIS, March 5, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on March 5, 2011. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Friday ended the growth due to higher stock prices virtually across the spectrum of types of shares. The best dynamics in the auction was led by ENRC (+4.2%). In the minus day completed only shares BCC (-1.4%). Growth stocks KASE index was accompanied by an increase in trade turnover. The trading volume for shares of KASE index on Friday rose to 2.8 times compare to the previous day. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Friday resulted in multidirectional price dynamics. Following the auction of strong changes in prices has not occurred. The exception was the rise in prices GDR NSBK (2.15%). After closing the main session of the GDR NSBK rose another 5.78% to $ 11.075 per GDR. Overall growth in the GDR NSBK and including an expanded session is 8%. Today, trading on the Kazakhstan stock market will be held in the absence of an external reference. External background before opening the bidding has developed a moderately negative. Probably before long weekend market participants prefer to fix the profit or loss. Falling prices can be observed today in the papers of the mining sector. On the other hand, banks may end the day in positive territory. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - Growth in major U.S. stock indices in the last half hour of trading partially offset the losses incurred during the Friday session. With the opening of the indices streamed down because of rising oil prices to new two-year highs. The April futures for WTI crude oil in the course of yesterday reached the level of $ 104.6 per barrel amid fears of market participants about social and political tensions in the Middle East and North Africa. Against this backdrop, market participants are dumped stocks and bought contracts for precious metals. Silver prices fixed 30-year-old maximum, reaching $ 35.4 per ounce. Highly anticipated Friday's employment report was finally a positive and pointed to the growing number of people employed in non-farm payrolls in February at 192 thousand (196 thousand forecast), increasing the number of employees in the private sector at 222 thousand (200 thousand forecast) increase in the number of people employed in the industrial sector by 33 thousand (25 thousand forecast). Score for the previous month was revised upwards. U.S. unemployment rate fell in February from 9% to 8.9% - the minimum value over the past 22 months. Decline in unemployment was due to the fact that in February the work received 250 thousand people. Unfortunately, however, employment growth in February will cause only a slight increase in consumption as the average hourly earnings and average workweek remained unchanged in February compared with the previous month. In general, the judge in the labor market in the U.S. on the basis of one month would be premature. To ensure that economic growth in the U.S. accelerated, it is necessary that the number of employees in the private sector in the country every month added to the 200-250 thousand At this rate of growth, the U.S. economy will soon recover the number of jobs that are a result of the recession was 8.7 million - During the first half of next week's U.S. stock market will lose support in the form of economic statistics. Throughout the week the U.S. stock market maintained essentially two factors: expectations of job growth and weakening oil prices. Further growth in oil prices could severely weaken the stock markets. So far the U.S. stock market, major disruptions not occurred. The overall situation in the U.S. stock market next week will largely depend on the situation in the Middle East and North Africa. - Major stock indexes in Western Europe most of the session on Friday showed growth on expectations of positive data on U.S. employment report, but the opening of trading in the U.S. and rising oil prices afield stock indexes in negative territory towards the close of trading. On Friday, the April futures for Brent crude rose 1% to $ 115.97 a barrel. - The situation on stock markets in Western Europe next week will largely depend on the situation in the Middle East and North Africa. 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. [2011-03-05]