The review of key events from "Asyl-Invest" JCS analysts for May 3, 2011

/IRBIS, May 4, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for May 03, 2011 Trading on the Kazakhstan stock market on Friday finished with decrease. KASE index on the basis of trades fell by 0.5% due to lower prices of shares of KMG EP (-0.5%), ENRC (-2.2%) and Kazakhtelecom (-0.5%). Activity of market participants was relatively high. The trading volume of KASE index on Tuesday rose 11% than the previous day and reached 33 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Friday and Monday were negative. Kazakhmys stocks fell 3.4%, ENRC - 1.15%, GDR of EP KMG - 0.7%, GDR of KKB - 7.3%, GDR of NSBC - 0.5%. Today, the external background for the Kazakhstan stock market seems to be negative. ASYL-INVEST analysts are expecting KASE index fall. Besides, "Asyl-Invest" JCS analysts expect the following events on the worldwide markets: - Major U.S. stock indices finished the Tuesday session by lower amid falling commodity prices. Indexes were down for most of the session in the absence of catalysts of growth, but towards the end of trades made a jerk upward. June futures for WTI crude oil fell by 2.18% to $ 111.05 a barrel, the U.S. dollar has appreciated by 0.24% relative to its major competitors. As a consequence, the worst dynamics of stock trading was led by oil and gas sector (-2.39%). Shares of the company Anadarko Petroleum (APC) fell 2.29% despite published a lot better than analysts' expectations financial results for the 1st quarter of 2011. Shares of the company Pfizer (PFE) lost 2.76% of the capitalization, although the company's financial results for 1 quarter of 2011 exceeded the forecast of analysts. Analysts reacted positively to the report of Mastercard (MA), which helped the issuer's shares rise by 2.58%. - Published in the U.S. economic statistics didn't influence the markets.. Industrial orders in the U.S. in March rose 3% after a revised 0.7% growth in February. Economists had forecast growth in industrial orders in March to 2%. Overall, the data were strong in almost all sectors. - Today, the U.S. will publish important economic statistics. Data on changes in the number of employees from ADP in April will be published, and although many experts are skeptical of the data from ADP, given the strong disagreement with the employment report in recent months, data from ADP can affect the course of trading in shares, likely to give an idea of what can come out employment report to be published this Friday. Also today, the most significant economic statistics includes data on the composite index for the ISM non-manufacturing areas in April. To date, the U.S. has published financial results of 289 companies, however, in our opinion, this information is not so interesting for the wide markets. - Bidding for major stock markets of Western Europe on Tuesday ended with multidirectional dynamics of the major stock indexes. German DAX index suffered losses amid falling prices for automakers, and the British FTSE 100 index rose, playing the changes in the external background after a long weekend. In general, negative influence on the trades had a decline in prices for metals and oil. June futures for Brent crude fell by 2.13% to $ 122.45/barrel. - Today, the external background for Western European stock exchanges continues to be negative. Indexes can continue to bear losses, if the economic statistics will not be positive. Today, there are data on the composite index of eurozone PMI for April, PMI business activity data for euro-zone for April, retail sales data for the eurozone in March. In Germany today there are data on the index of business activity in the service sector PMI for April. In the UK there are data from the estate market and credit market. - Major Asian stock indexes are now showing decline because of falling commodity prices and expectations of tighter monetary policy in China in the near future. Oil prices are now falling. June futures for WTI crude oil decreased by 0.5%, the June crude oil futures for Brent - on 0,3%. Gold prices today are down 0.2%. The U.S. dollar strengthened today, by 0,1% in relation to its major competitors. The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material. [2011-05-04]