Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on March 14, 2011

/IRBIS, March 14, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on March 14, 2011. Trading on the Kazakhstan stock market on Friday finished lower KASE index by 1.3% with a slight increase in trading volumes. Shares of mining companies continued to show negative dynamics, following the price movements at the LSE. ENRC shares were down 4.2%, shares of Kazakhmys - 1.5%. The same negative effect on the index had a decrease in the shares of KMG EP at 1.9%. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Friday resulted in multidirectional price dynamics. Best demonstrated the dynamics of the GDR NSBK (+2%) and shares ENRC (+1.1%). KMG GDR went up by 2.6% amid falling oil prices. Today, the external background for the Kazakhstan stock market develops negative. Asian markets fall due to a series of earthquakes in Japan. Shares of mining companies are likely to continue to move downward. Shares of KMG EP are likely to decline in value against the backdrop of falling oil prices. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - Major U.S. stock indexes during the session on Friday morning they played the losses incurred on the background of the news of the massive earthquake in Japan, and came out in the plus-up to the auction. The strongest earthquake in Japan triggered a powerful tsunami waves that struck the coast. The news of the catastrophe had a negative impact on the dynamics of foreign markets, but the major U.S. stock indices were in no hurry to fall, trading within a few hours after the start of trading near the neutral line. The earthquake in Japan shut down oil refineries of the country, some of them exploded. Against this background, oil prices began to steadily decline. In electronic trading price of the April futures contract for WTI crude oil fell to $ 99 per barrel. Shares of oil and gas sector in the stock trading in the U.S. showed the best dynamic, adding to 1.66%. Economic statistics, published in the U.S., a strong reaction in the markets did not cause. U.S. retail sales in February rose by 1%, due to increased engine sales by 2.3% and sales at petrol stations on 1.4%. Last modified indicator was revised upward from 0.3% to 0.7%. The basic indicator of retail sales in February rose by 0.6% - on the level of the previous month. Revisions in January, now gives reason to expect upward revision of consumer spending in the U.S. in January, and this - a positive development for the markets. On Friday, also came out data on consumer confidence index from the University of Michigan. The index for March fell to 77.5 points to 68.2 points. Social and political tensions in the Middle East and North Africa, and rising gas prices have a negative impact on consumer confidence. Inflationary expectations have risen from 3.4% to 4.6%. - Today, the dynamics of the major U.S. stock indexes will depend largely on the external background, in particular on the situation in Japan. On the stock markets will influence oil prices, as well as the situation in the Middle East and North Africa (MENA). - Major stock indexes in Western Europe ended with the fall session on Friday against the background of the news of the massive earthquake in Japan. Additional negative effect on the index had heard about the growth of consumer prices in China in February to 4.9% y/y, as well as the situation in the MENA. In addition, it became known that the consumer price index in Germany in February rose by 0.5%, while in annual terms - by 2.1%. - Today, trading in Europe will depend largely on the situation in Japan and the MENA, the dynamics of oil prices. Economic statistics, to be published today in the countries of Western Europe, probably influence the bidding will not. Today in the euro area, there are data on changes in the volume of industrial production for January. In general, the background for the European markets is negative and does not exclude decline in stock market indices trades. - Major Asian stock indexes fall in the region today due to a series of earthquakes in Japan. According to Japanese media announced a new tsunami warning after the northern part of the country today, an earthquake of magnitude 6.2 points. Today in Japan there was an explosion of hydrogen under the roof of the reactor building ¦ 3 nuclear power plant, Fukushima-1, but the reactor was not damaged. The Japanese index Nikkei225 now collapsed. The fall of the index now exceeds 6%. On the background of the news about the earthquake today, falling oil prices. 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. [2011-03-14]