The review of key events from "Asyl-Invest" JCS analysts for May 6, 2011

/IRBIS, May 10, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for May 6, 2011 The trade on Kazakhstani stock exchange went down on Friday. KASE index lost 2.72% and made 1644.97 pts. The decrease has touched all the stocks included to the index. The worst dynamics was shown by KKB stocks (-4.6%). The activity of market participants was rather low. The volume of trade of KASE index shares fell 3.3 times on Friday, comparing to previous trading day, and made KZT 32.6 million. Trading in shares and depositary receipts of Kazakhstani issuers on the London Stock Exchange on Monday ended with multidirectional dynamics. The best dynamics on the auction was shown by the GDR NSBK (+2.32%), the worst - the shares of ENRC (-1.64%). The external background seems to be moderately positive for Kazakhstani market of shares, partially thanks to today Chinese data on trade balance. Kazakhmys and NSBK shares might demonstrate the best dynamics on today's trade. The background is moderately negative for EP KMG shares. Oil prices go down 1.3% today. The European markets might show restore today. "ASYL INVEST" analysts are expecting the KASE index growth after today's trade. In addition, analysts of ASYL INVEST note the following events in world markets: - Major U.S. stock indexes at the opening of trading on Monday showed fluctuations in the vicinity of the neutral line, but closer to noon, began to rise along with commodity markets. June futures for WTI crude oil on Monday, rose 5.53% to $ 102.55 a barrel. Against this background, the best dynamics among the stock market was demonstrated by a broad sector of the oil and gas (1.69%). There were no internal drivers of motion in the form of economic statistics and relevant corporate reporting. Against this background, the activity of market participants was relatively low. Total on the NYSE on Monday, has been bought and sold 778.48 million shares, which is 24.18% lower than in the previous trading day level. On Friday, the U.S. published important economic statistics that provided market optimism. The number of people employed in non-farm sector of the U.S. in April rose by 244 thousand. Economists had forecasted an increase of 185 thousand. Number of people employed in the private sector in the country rose to the highest level since November 2005 - 268 thousand. Economists had forecasted an increase of 200 thousand. Employment in the manufacturing sector goods rose in April to 44 thousand, employment in the manufacturing sector services - 224 thousand. Thus, employment in the U.S. for the past three months rises more than 200 thousand per month. The number of unemployed in April has changed slightly and reached 13.7 million. US unemployment rate in April rose from 8.8% to 9%. Forecasts of the number of people employed in non-agricultural sector are constructed from data on the number of initial claims for unemployment benefit. Data on the number of initial claims in the last few weeks of April were disappointing, so employment growth of 244 thousand in April was somewhat surprising to the markets and caused a rise in the markets. - Today in USA no important economic statistics and corporate reports are expected, so the dynamics on American trade would probably be set by the external background, as well as the changes on commodity markets. - Bidding for major stock markets of Western Europe on Monday ended with the fall of stock indices. Negative impact on the trades had the lowering of the credit rating of Greece from BB-to B. Short-term rating was lowered from B to C. Against this background, the speculation about a possible restructuring of debts of Greece was continued. As a consequence, the worst dynamics of the auction was demonstrated by the banking sector. - Today at the European auctions in general, moderate growth in the major stock indexes is expected. The best dynamics can be shown by the shares of mining sector. Oil and Gas sector may show a decline. In the banking sector the partial recovery might occur. Economic statistics includes data on Balance of Payments in Germany in March. - Major Asian stock indexes are now showing upward trend. In China today data on the trade balance came out. Surplus of trade balance in China in April has increased considerably from $ 0.14 billion to $ 11.42 billion Economists had forecast growth to $ 3.2 billion. Exports grew by 29.9% rk, import - by 21.8% rk. - June futures for WTI crude go down 1.4%, the June oil futures for Brent - 1.3%. Gold prices today are down 0.2%. The U.S. dollar strengthened today with respect to its main competitors by 0.1%. 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. [2011-05-10]