The review of key events from "Asyl-Invest" JCS analysts for May 17, 2011

/IRBIS, May 17, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for May 17, 2011 Trading on the Kazakhstan stock market on Monday ended with the fall. KASE index on the basis of trades fell by 1.4% to 1614.35 points. A drop in prices has affected most types of the most liquid stocks. Fall has touched the shares of KMG EP (-7%), NSBK (-2.8%), Kazakhmys (-1.7%), ENRC (-1.1%). The shares of Kazakhtelecom (1.1%) increased. Trading activity of market participants was relatively low. The trading volume of KASE index fell to 3.2 times the previous day and reached 81.5 million KZT. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Monday ended with multidirectional dynamics. In terms of sectors, there was no united dynamics. In the mining sector following stocks suffered the loss: ENRC (-0.5%), while Kazakhmys shares were up 2.4% due to growth of the sector as a whole. In the oil and gas sector in positive territory completed trades GDR of Zhaikmunay (2.7%) in the red - GDR of KMG (-0.7%). In the banking sector by decreased by 0.7% GDR of NSBK. KKB GDR went up by 0.4%. Today, the external background for the Kazakhstan stock market develops moderately negative. The trading is likely to end with the growth of KASE index on small trade turnover. 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 demonstrated mixed dynamics in the absence of distinct drivers of motion. Decline in Western European and Asian markets, the arrest of the head of the IMF led to a moderately negative external background. Strengthening U.S. dollar and the weakness of high-tech stocks led to a slipping major U.S. stock indices with the maximum intraday marks and care in negative territory. In this case, the heaviest losses on the session the index has suffered a high-tech Nasdaq Composite (-1.6%). Among broader market share the largest losses on trading results showed stocks of tech sector (-1.6%) and shares of consumer services sector (-1.2%). Significant economic statistics and corporate reports that could affect the course of trading shares on Monday were not published. The trading volume on the NYSE totaled 734.19 million shares, while turnover - $ 26.42 billion - Today in the U.S. on the course of trades could be affected by economic statistics and corporate reports, but to a greater extent on the dynamics of the auction will be determined by changes in foreign stock markets, the commodity and currency markets. Of the economic statistics to be published today, data from the housing market for April, in particular, data for the construction of new homes and data on building permits will see the light. Also today, there will be data on industrial production for April. To date, the U.S. accounts for the publication of financial results for last quarter and 30 companies, including Home Depot (HD), Wal-Mart Stores (WMT), Dell (DELL). - Major stock indexes in Western Europe had a session on Monday, mostly in negative territory. Negative impact on the indices of market participants had concerns about the debt problems of the eurozone. Arrest of IMF head Dominique Strauss-Kahn on the eve of an important meeting of the eurozone finance ministers, who probably should have discussed the issue of granting financial assistance to Portugal and Greece, has raised concern of market participants. Toward the close of trading the European markets made a leap upward, which coincided with an increase in U.S. stocks, but the growth of European markets was not sufficient to cover losses incurred during the session. Economic statistics, published in the eurozone, didn't have strong influence on the course of trades. Eurozone consumer price index in April rose 0.6% m or 2.8% MHC. These coincided with the forecast of economists. The base consumer price index in April, the euro zone grew by 1.6% MHC. - Today in the Eurozone, there will data on the index of sentiment in the business environment of the ZEW in May. In Germany, there are data on the current situation index and the index of sentiment in the business environment of the ZEW in May. In the UK will be published data on the consumer price index for April, data on producer price index for April, data on the retail price index for April. Analysts of ASYL INVEST expected the reduce of the major indices in Western Europe at the opening of tenders. - Major Asian stock indexes are now showing multidirectional dynamics. Losses in equity markets of the U.S. and the eurozone's debt problems have a negative influence on the trades. In China today came out data on the volume of foreign direct investment in April. Rate in April dropped significantly compared with March. In April, the volume of direct foreign investment fell from $12.52 billion to $8.5 billion in annualized rate in April rose by 15.2% of MHC at the forecast of economists at the level of 36.1% of the MHC. - Oil prices are now falling due to the strengthening U.S. dollar as a result of concerns about the debt problems of the eurozone. June futures for WTI crude oil now down by 0.2%, the June crude oil futures for Brent - 1%. Gold prices are currently increasing by 0.3%. The U.S. dollar is growing by 0.01% 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. [2011-05-17]