The review of key events from "Asyl-Invest" JCS analysts for May 13, 2011

/IRBIS, May 13, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for May 13, 2011 Trading on the Kazakhstan stock market on Thursday ended with the fall. KASE index on the basis of trades fell by 2.8% to 1,598.9 points. It's the largest drop in one day since mid-March 2011 and the lowest index value of 5 November 2010. The greatest losses incurred up to the day the shares of KKB (-8.4%) and Kazakhmys (-3%). The fall in the domestic market was accompanied by an increase in trade turnover. The trading volume of KASE index increased by 1.8 times compared to the previous day and reached 131 million KZT. Trading in shares and depositary receipts of Kazakhstani issuers on the London Stock Exchange on Thursday ended with multidirectional dynamics. Shares of commodity companies have been under aggressive sales amid falling commodity prices and news of increased MRI by People's Bank of China. KMG GDR fell by 3.2%, Kazakhmys shares - at 2.85%, shares of ENRC - at 2.55%. The GDR of banks were able to avoid the fall. Today, the external background for the Kazakhstani stock market develops moderately negative. Analysts of ASYL INVEST do not preclude the growth of KASE index by the trades, but trading activity will probably decrease. In addition, analysts of ASYL INVEST note the following events in world markets: - Major U.S. stock indexes at the opening of trading on Thursday declined to negative external background and, in particular, against the backdrop of reports of a new reserve bank raising rates by the People's Bank of China. However, in the course of further trade indices were able to restore the morning losses and get out in the plus-up to the auction. Stocks have reached attractive levels and buying resumed. In addition, the U.S. dollar began to weaken, and prices on commodity markets have resumed growth after a fall. Shares of oil and gas sector (- 0.06%), the basic materials (-0.08%) at the opening were under aggressive sales, but the trade results could restore much of the lost positions. The best dynamics in the auction demonstrated the protective action of companies, including shares of Sector FMCG (1.1%), health (0.9%), utilities (0.8%). - On Thursday, the U.S. published important economic statistics, which, however, failed to influence the stock trades. U.S. retail sales in April rose 0.5% after rising 0.9% in March. Economists had forecast growth in retail sales in April at 0.6%. Without regard to auto index in April rose by 0.6%. Basic retail sales in April rose by 0.2%. This is the smallest increase since December 2010. Sales at gasoline stations in April rose by 2.7%, which in fact was the main driver of growth in retail sales. Overall, this data analysts of ASYL INVEST call negative, as growth in retail sales in general, was due to price increases, not due to an increase in demand. Also yesterday, went out data on the index of producer prices. After rising 0.7% in March had increased by 0,8% in April. Economists had forecast an increase of 0.5%. Base prices in April rose by 0.3%. Economists had forecast an increase of 0.2%. Nearly 75% of the growth index of producer prices in April was the rise in prices for oil and petroleum products. The number of initial claims for unemployment benefit for the week ended May 7, taking into account seasonal adjustments decreased by 44 thousand compared to the previous week and amounted to 434 thousand. Economists forecasted a decline to 430 thousand four-week average index rose by 4 5 thousand, compared to the previous week to 436.75 thousand U.S. unemployment (insured unemployment rate) for the week ended April 30, taking into account seasonal adjustments did not change and amounted to 3%. - USA Today published an important economic statistics - data on the consumer price index for April. Statistics can affect the course of trading of shares. In general, the dynamics of the auction will depend largely on changes in the external background. - Major stock indexes in Western Europe fell sharply during trading on Thursday amid falling commodity prices. The news that the People's Bank of China raised the reserve ratio for banks put pressure on the course of trading shares. But amid recovery in prices on commodity markets, the weakening U.S. dollar and rising U.S. stock market, the indices managed to recover some losses. - Analysts of ASYL INVEST do not exclude the bounce up in the stock markets of Western Europe today, particularly on shares of commodity companies. Economic statistics can influence the course of trading shares. Today will come pre-Euro zone GDP data for the I quarter, in particular, data on Germany's GDP for the I quarter. - Major Asian stock indexes today are traded in different directions. Pressure on the stock trades has increased MRI by the People's Bank of China. The greatest losses in stock trading have stocks of commodity companies. - Oil prices continue to fall today. June futures for WTI crude oil are now down by 0.6%, the June crude oil futures for Brent - by 0.2%. Gold prices today lose 0.03%. The U.S. dollar is growing at 0.2% against its major competitors. The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Irbis Agency doesn't take responsibility for the opinions which are in given material. [2011-05-13]