The review of key events from "Asyl-Invest" JCS analysts for May 19, 2011

/IRBIS, May 19, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for May 19, 2011 Trading on the Kazakhstani stock market on Wednesday ended with the fall. KASE index on the basis of trades fell by 1.6% to 1592.09 points. The fall of the index was due to falling stock prices of NSBK (- 6.2%), ENRC (-3.1%) and BCC (-3.5%). Trading activity of market participants was relatively high. The trading volume of KASE index on Wednesday rose to 4.4 times the previous day and reached 35.3 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Wednesday ended with multidirectional dynamics. The rise in prices on commodity markets has boosted the share prices of commodity companies, among which the best momentum was showed by stocks of ENRC (+4.28%), due in part to improve of the recommendations by analysts of Citi. Kazakhmys shares were up 3.2% amid rising prices for copper at 3.04%. GDR KMG added to 1.3%. GDR of NSBK suffered losses on Wednesday (- 3%). Today, the external background for the Kazakhstan stock market develops moderately positive. On European markets opening of trades is likely to be held in positive territory. Following the auction analysts of ASYL INVEST expect growth of index KASE. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indexes at the opening of trading on Wednesday were trading near the neutral line, but the increase in commodity prices has led to an increase in major stock indexes in future auctions. Risk appetite has increased, as market participants considered the current levels attractive for purchase. The rise in prices on commodity markets has occurred for the same reasons. The U.S. dollar slightly weakened in relation to its main competitors. Due to rising prices in commodity markets the best momentum of stock trading was led by the sector of the basic materials (2.05%) and equities sector of the oil and gas (2.02%). July futures for WTI crude oil increased by 3.21% to $100.56 a barrel. Rising oil prices were helped by the U.S. report on oil reserves. In general, trading volume on the NYSE on Wednesday totaled 883.79 million shares, while turnover - $ 26.3 billion - Today session of the United States will depend on changes in the external and internal background of economic statistics. Of the economic data in the U.S. today come data on the number of initial claims for unemployment benefit for the week ended May 14, the sales data for the secondary housing market in April, data for the index of business activity FRB Philadelphia in May, leading indicators for April. - Major stock indexes in Western Europe rose on Wednesday for the first time in the last 6 trading sessions. The rise in prices on commodity markets and published corporate accountability have led to an upward dynamics at the auctions. The rise in prices in equity markets the U.S. has supported growth. - Today in Britain there are data on retail sales for April. Analysts of ASYL INVEST expected growth in the major indices in Western Europe at the opening of tenders. The further course of trading will depend on the mood of market participants to continue the growth and the opening of trading in the U.S. - Major Asian stock indexes are now showing multidirectional dynamics, most of the major stock indexes are traded near the previous close. Overall support was provided by increase in the commodity markets, the positive closure of trading in the U.S. In Japan today economic statistics is published. Japan's GDP in one quarter declined 0.9% q/q and by 3.7% y/y. Economists had forecast a decrease of 0.5% q/q and by 1.9% y/y. - Oil prices are now rising, the U.S. dollar weakens. July futures for WTI crude oil are currently increasing by 0.3%, the July crude oil futures for Brent - by 0.4%. Gold prices today lost 0.01%. The U.S. dollar today is 0.21% lower relative to its main 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. [2011-05-19]