Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on March 11, 2011

/IRBIS, March 11, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on March 11, 2011. Analysts of JSC ASYL INVEST note that trading on the Kazakhstan stock market on Thursday finished lower KASE index with a slight decrease in trading volumes. The fall occurred across virtually the entire spectrum of the most liquid stocks. The worst dynamics demonstrated shares ENRC (-2%), KMG (-1.9%) and Kazakhmys (- 1.3%). Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Thursday ended in negative territory. The exception was a rise in prices GDR NSBK by 1.5%, which occurred because of the news about the bank's decision to buy a stake in state-owned. Negative data on trade balance, released yesterday in China have put pressure on the dynamics of trades, particularly on shares of mining companies. Shares of ENRC and Kazakhmys were down 3.8% and 3.3% respectively. KMG GDR fell by 2.6%. Additional pressure on the dynamics of trade had increased conflict in the Middle East. Today, the external background for the Kazakhstan stock market develops extremely negative. As a result of today's trading, analysts expect the fall of the index KASE, the greatest loss will probably suffer the shares of mining companies. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - Major U.S. stock indexes finished Thursday's session of the fall, which was due to coincidence of a number of adverse events. First, as analysts had expected, the U.S. markets reacted negatively to news of a record trade deficit in China. In February, China's trade deficit has reached 7.3 billion U.S. dollars, which was a record low value for the last 7 years. Second, Japan's GDP was revised downward to minus 1.3%. Thirdly, the rating agency Moody's Investors Services downgraded the credit rating of Spain c Aa1 to Aa2. Fourth, the number of initial claims for unemployment benefit in the U.S. for the week that ended on March 5, increased by 26 thousand compared to the previous week and amounted to 397 thousand four-week average index increased by 3 thousand, compared to the previous week up to 392.25 thousand last value of the index of initial claims is still at a favorable level at which the number of people employed in non-agricultural area should allow at least 100 thousand per month. The news about the growth of the initial requirements, thus, made a low contribution to the dynamics of the major U.S. stock indices on Thursday. The news that Saudi Arabia opened fire on protesters increased falling U.S. stock indexes to their lowest intraday value. On the background of this news falling oil prices turned upward. The April futures for WTI crude oil dropped to $ 101 per barrel, but closed the day at $ 102.7 per barrel. Published on Thursday, data on the trade balance did not cause the reaction in the markets. U.S. trade deficit widened in January to 40.3 billion U.S. dollars to 46.3 billion U.S. dollars. Exports in January in nominal terms grew by 2.7%, nominal import - by 5.2%. Growth in U.S. consumer spending and rising business investment in the future should lead to an increase in imports, which would put pressure on the trade balance. - In general, the activity of market participants in the stock trading on Thursday was higher than on Wednesday. On Thursday, the NYSE has been bought and sold to 1,120.06 million shares, which is 28.6% higher than the previous day. - Today, the dynamics of the major U.S. stock indexes will depend on the situation in the Middle East and North Africa, the dynamics of oil prices and the external background. In China today, has once again been published economic statistics, negative for the markets. The consumer price index in China rose by 4.9% in annual terms, again exceeding the target of the Central Bank. External background for the U.S. market develops negative. Internal economic statistics on this background probably will not play the main role in the dynamics of the major stock indexes. Of the important economic data in the U.S. today are data published U.S. retail sales for February. In general, analysts expect drop major of U.S. stock indices on the basis of today's trading. - Thursday's session was the major stock indexes ended with the fall of Western Europe because of negative economic data released in China and Japan, but also because of the news about lowering the credit rating agency Moody's Investors Services credit rating one notch to Spain. Economic statistics, published in Europe, did not influence the course of trading shares. As expected, the Bank of England left interest rates unchanged at 0.5%. - Today, trading in Europe will depend largely on the situation in the Middle East and North Africa, the dynamics of oil prices and the external background. Economic statistics, to be published today in the Western European countries, can influence the course of trading shares, but the effect of statistics is likely to be limited. Today in Germany will be published data on the consumer price index for February, in the UK - data on producer price index at the entrance to the February data for the CPI release prices for February. Analysts expect that the outcome of today's trading the main stock indexes in Western Europe will fall because of the situation in the Middle East and North Africa, and the negative economic statistics of China. - Major Asian stock indexes fall in the region today general negative external background, including due to the news of the shelling of the demonstrators in Saudi Arabia. In China today published a negative for the markets statistics. The consumer price index in China in February rose by 4.9% yoy, exceeding the target of the Central Bank. 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. [2011-03-11]