The review of key events from "Asyl-Invest" JCS analysts for May 27, 2011

/IRBIS, May 27, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for May 27, 2011 Trading on the Kazakhstan stock market on Thursday ended with the growth for the third day in a row. KASE index on the basis of trades rose by 1.73%. Growth was observed for most types of stock index, with the best dynamics of EP KMG shares (5.9%). Trading activity increased on Thursday. The trading volume of KASE index on Thursday made 29.2 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Thursday resulted with the growth. Shares and depositary receipts of raw materials companies led the way again in trading against the backdrop of rising prices in commodity markets. GDR of KMG rose by 3.5%, shares of ENRC - by 1.2%, shares of Kazakhmys - 0.5%, GDR of NSBK went up by 2.3%. Today, the external background for the Kazakhstan stock market develops moderately positive. From European trading today, analysts expect growth at the opening. KASE index today is likely to continue to grow. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indexes fell at the opening of trading on Thursday against the backdrop of poor economic statistics. After a short decrease of the index began its ascent, the leaders of growth of the sector were shares of consumer services (0.69%), telecommunications (0.64%) and technology sector (0.61%). Growth was encouraged by favorable corporate reports of companies Guess? Inc (GES) and Tiffany & Co (TIF), as well as comments of the head of hedge fund Greenlight Capital David Einhorn on the company Microsoft (MSFT) and its CEO Steve Ballmer. As a result of trading, the Dow Jones industrial demonstrated lateral dynamics, the index of wide market S & P 500 and NASDAQ Composite index have grown. The U.S. dollar showed weakness during the day, but it is weakening has not much worried market participants. According to trade in the dollar index fell 0.46% to 75.581. In general, trading volume on the NYSE on Thursday totaled 846.11 million shares, while turnover - $ 25.78 billion - U.S. GDP in the second evaluation, in real terms in the I quarter compared with the previous quarter has increased by 1.8% in annual terms. Economists had forecast an increase of 2.2%. The growth index of personal consumer spending was revised down from 2.7% to 2.2%. Upwardly was revised growth of exports (from 4.9% to 9.2%) and imports (from 4.4% to 7.5%). In general, the revision was negative for final demand. The number of initial claims for unemployment benefit for the week ended May 21, taking into account seasonal adjustments increased by 10 thousand compared to the previous week and amounted to 424 thousand. Economists forecasted a decline to 404 thousand. Four-week average of index decreased by 1.75 thousand compared to the previous week to 438.5 thousand - Today U.S. is expected to publish important economic statistics. Today, there are data on personal income and personal spending for April, data on consumer confidence from the University of Michigan in May, data on pending sales in the housing market in April. Statistics can affect the course of trading of shares. During the session, it's possible to fix the profit. Activity of market participants is likely to be relatively weak, since on Monday U.S. stock exchanges will not work due to a national holiday Memorial Day. - Major stock indexes in Western Europe finished the session on Thursday with multidirectional dynamics. The British FTSE 100 index up to the session on Wednesday showed moderate growth due to increase of shares of commodity companies, while the German DAX index declined due to published in the U.S. disappointing economic statistics. - Today in Western Europe comes an important economic statistics, which may change the course of trading of shares. Today in the euro area, there are data on consumer, industrial and economic confidence in May, data for the index sentiment in the services sector in May. Furthermore, in Germany there are data on the consumer price index for May. In the UK there are data on house prices in May. Overall, we expect growth on European stock markets at the opening of tenders. - Major Asian stock indexes are now showing multidirectional dynamics. Oil prices are now rising slightly, the U.S. dollar drops substantially. July futures for WTI crude oil are growing today by 0.65%, the July crude oil futures for Brent - by 0.3%. Gold today adds 0.4%, silver - 1.5%. U.S. dollar yields 0.6% to its main competitors. The euro/dollar is rising by 0.7%. 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 [2011-05-27]