Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on March 17, 2011

/IRBIS, March 18, 2011/ - JSC ASYL INVEST (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on March 17, 2011. Trading on the Kazakhstan stock market on Thursday finished lower KASE index by 1.3%. The fall was accompanied by a twofold reduction in trading volumes. The worst dynamics have demonstrated the action of the banking sector - equity of KKB and NSBK fell by 3.8%. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Thursday ended with multidirectional price dynamics. The worst dynamics of the banking sector showed the GDR: the GDR NSBK fell 2%, GDR CMC - by 0.3%. Shares of mining companies showed growth in the backdrop of rising prices for industrial metals: ENRC shares rose 4.5%, Kazakhmys shares - by 3.4%. Following the rise in oil prices caused by the deteriorating situation in Bahrain and Libya, East Germany KMG grew by 6%. Today, the external background for the Kazakhstan stock market develops moderately positive. As a result of today's trading analytics of JSC ASYL INVEST expect growth index KASE. In addition, the analysts of JSC ASYL INVEST note the following events in world markets: - Major U.S. stock indices finished the session on Thursday after growing losses for three consecutive sessions sustained against earthquakes in Japan and the ensuing consequences and social and political tensions in the Middle East and North Africa. The best dynamics in the auction was led by energy sector due to rising oil prices. According to trade in the April futures for WTI crude oil rose by 3.5% to $ 101.42 a barrel. A series of economic statistics published yesterday noticeable effect on the bidding was not there. The number of initial claims for unemployment benefit in the U.S. for the week that ended March 12 fell by 16 thousand compared to the previous week and amounted to 385 thousand four-week average declined by 7 thousand, compared to the previous week to 386.25 Thousands of such positive changes in performance were expected by economists and markets. Published data on the consumer price index exceeded the expectations of economists. Growth in consumer prices in February was 0.5%, while economists forecast growth at 0.4%. Headline inflation has thus risen to 2.1% MHC. Same basic inflation (CPI excluding volatile energy and food components) rose in February by 0.2% or 1.1% gkg. Thus, the rising price of food and energy prices continue to increase the gap between headline inflation and core inflation. Last in 2011, is likely to be constrained by the high overall level of unemployment and weak growth of personal income. Positive data out yesterday on an index of activity FRB Philadelphia. The index for March rose 35.9 points to 43.4 points - the highest value over the past 25 years. Economists had forecast growth of up to 28.8 points. Industrial production in the U.S. in February fell by 0.1%. Economists had forecast an increase of 0.6%. The previous change rate was revised from -0.1% to 0.3%. - Today at the auctions in the U.S. probably some volatility due to the simultaneous expiration day of futures on indices and commodities, futures, stock, stock options and options on futures (quadruple witching). Today in the U.S. will not be published statistics. In general, today is likely to increase in U.S. equity markets. - Major stock indexes in Western Europe finished the session on Thursday after several days of growth decline. Indices showed recovery, because investors are considered oversold markets. Strong growth in its day was observed in the shares of metals and oil companies. - Today, the external background for the European market develops moderately positive, the likelihood of further recovery markets. Of the economic statistics will be published today details on the current account balance of payments euro-zone in January, data on foreign trade balance of the Euro zone in January. In Germany, to be published data on producer prices for February. - Today at the Asian session, an increase in major stock indexes. Nikkei 225 adds almost 3%. Bank of Japan today added another 3 trillion yen to support the financial system, finance ministers of the G7 countries have agreed on foreign exchange interventions to support the yen. 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. [2011-03-18]