Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on March 15, 2011

/IRBIS, March 16, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on March 15, 2011. Trading on the Kazakhstan stock market on Tuesday ended with the fall of KASE index on 3.55% with a slight decrease in trading volumes. The fall occurred on all shares included in the index KASE. The worst dynamics demonstrated shares KKB (-7.2%), Kazakhmys (-5.6%), KMG (-5.5%) and ENRC (-3.9%). Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Tuesday have been mostly in negative territory. GDR CMC (0.3%) by the end of trading session, regained lost ground and closed in positive territory, while the GDR NSBK (-4.45%) and could not recover after a fall. Shares of mining companies have undergone a wave of selling in early trading session amid falling prices for base and precious metals, but in the course of trading were able to recover most of the losses. ENRC shares fell 3.5%, shares of Kazakhmys - 0.8%. GDR KMG declined by 4.4% amid falling oil prices. The main pressure on the dynamics of trade has had a fall in stock markets in Japan. Today, the external background for the Kazakhstan stock market develops neutral. Today is possible to recover the market after yesterday's fall. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - Major U.S. stock indexes at the opening of trading on Tuesday abruptly rushed down to the negative external background. Dow Jones Industrial Index lost at the opening of 2.5%, the index of wide market S & P 500 - 2.7%, and high-tech index NASDAQ Composite - 3%. Such a drop in securities market participants are considered oversold and started to actively open long positions. As a result, following the session, the Dow Jones index rose to an intraday minimum value at 1.4%, the index S&P500 - 1.6%, the index NASDAQ Composite - by 1.9%. In general, the main negative impact on U.S. stock indexes had a drop in Western European and Asian indices, in particular, the demise of Japanese index Nikkei225 by 10.6% due to the explosion at the plant and the threat of radiation. The fall in the stock trading in the U.S. end of the day was observed in all sectors. The worst dynamics demonstrated shares the utilities sector (- 1.7%) and tech-sector stocks (-1.5%). Shares sensitive to changes in commodity prices also showed poor dynamics; CRB Commodity Index fell by 3.56%. Report of the U.S. Federal Reserve since the last meeting had no effect on the dynamics of bidding. As expected, the Fed has kept repurchase program assets worth $ 600 billion and left the federal funds rate unchanged (0-0.25%) over a long period. Market participants expect a change in tone of the report regarding the state of the economy, inflation and the labor market. The Fed noted that the economy continues to recover against the backdrop of a gradual improvement in labor market conditions, and the pace of core inflation is no longer a top-down. - Today, the dynamics of the major U.S. stock indexes will depend largely on external background. Economic statistics, probably a strong influence on the dynamics of the major U.S. stock indexes will not. Today in the U.S. are published data on new home construction and building permits for February, data on producer price index data for the balance of payments for the IV quarter. In the case of stable external background U.S. indices now trade results will grow. - Major stock indexes in Western Europe finished the session on Tuesday falling on the background of falling Asian markets. Since the beginning of recovery indices United States at the opening, the stock markets of Western Europe there were a partial recovery in stock indexes. The fall on the results of the day was observed in almost all sectors. - Today, the external background for the European market develops moderately positive, the likely growth markets in the growing Asian markets. Analysts of JSC ASYL INVEST expected growth in the major stock indexes in Western Europe on the basis of todays trading. - Today at the Asian session, the rise of index Nikkei 225 index and Shanghai Composite. Nikkei index adds to 3.5% after strong falling on the results of the last two sessions. Partly influenced the decision to increase the Bank of Japan to add another 3.5 trillion yen ($ 43 billion) to calm the markets. At Barclays Capital estimates that the Friday quake and tsunami will cost 15 trillion Japanese economy yen ($ 184.2 billion), or 3% of GDP. 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. [2011-03-16]