Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on March 9, 2011

/IRBIS, March 9, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on March 9, 2011. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Saturday ended with a slight increase of KASE index due to an increase in stock prices and BCC KazakhTelecom by 0.5% and 0.4% respectively. Reduction of share prices by 1.6% CMC exerted pressure on the index. Trading activity of market participants on Saturday was relatively weak. The trading volume on that day fell by 2.6 times compared to the previous trading day. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Tuesday ended with multidirectional price dynamics. Shares of mining companies showed decline throughout the trading session, following the prices of futures contracts for copper and gold. Kazakhmys shares fell 2.9%, shares of ENRC - by 1.3%. GDR CMC increased in price by 1%. KMG GDR rose by 0.7%. Today, the external background for the Kazakhstan stock market develops moderately positive. Shares of CMC may conclude today's trading session in positive territory, but shares of the mining sector are likely to decline in the price of today's auction. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - The Dow Jones Industrial Index and the broad market S & P 500 up to the Tuesday session is fully recovered the losses suffered the previous day. Relatively weak dynamics of some highly capitalized stocks did not allow NASDAQ Composite Index lost play Monday. Growth of the main stock index on Tuesday occurred because of lower oil prices. In this case, the best momentum stocks have demonstrated the financial sector, having received an additional impetus to growth due to falling oil prices. Sales of oil contracts were caused by the news of a possible increase in oil production from OPEC. The April futures for WTI crude oil on the results of Tuesday's trading fell 0.4% to $ 105.02 a barrel. In general, the trading activity of market participants on Tuesday was relatively low. On the NYSE on that day it was bought and sold 1,002.67 million shares. - Dynamics of oil futures continued to act as the main driver of motion of the main stock indexes in the U.S. recently. In the absence of important domestic macroeconomic data, trading at today's session probably will depend on the dynamics of oil prices on the developments in the Middle East and North Africa. Today, the April futures for WTI crude oil down and, if trends established in the oil market, U.S. stock indexes continue to rise. - Tuesday's session was the German DAX index and the FTSE100 index of Britain completed the lateral dynamics, while the French CAC 40 indexes a slight increase. Decline in oil prices with a 29-months maximum led to a decrease anxiety as to whether the ECB will raise rates several times this year. The April futures for Brent crude on the results of Tuesday's trading were down 1.7% to $ 113.06 a barrel. In Germany, a positive impact on trading the news of the resumption of growth in industrial orders in January. Compared with the previous month, industrial orders in Germany in January rose by 2.9%. The Bank of France left unchanged in the second estimate GDP forecast for I quarter 2011 at 0.8%. The index of business sentiment of France in January according to the bank has not changed in January and amounted to 110 points. - Today, trading in Europe will depend on the situation in the oil market on the developments in the Middle East and North Africa. Today, the April futures for Brent crude falling. While maintaining the growth of this trend are likely the major stock indexes in Western Europe on the basis of todays trading. Today, there are data on industrial production in Germany in January. Economists predict that industrial production in Germany in January to grow by 1.7% after declining by 1.5% in December last year. - Major stock indexes in the Asian region are now showing growth due to lower oil prices and economic statistics in Japan. In Japan, today came out data on orders for engineering in January. Orders in mechanical engineering in January rose by 4.2% compared with December. Data exceeded the forecasts of economists. 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. [2011-03-09]