The review of key events from "Asyl-Invest" JCS analysts for June 1, 2011

/IRBIS, June 1, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for June 1, 2011 Trading on the Kazakhstan stock market on Tuesday ended with the growth on the positive external background. KASE index on the basis of trades rose by 0.67% to 1,628.17 points. Growth has been virtually across the spectrum of the most liquid stocks. In this case, the best momentum showed shares of EP KMG (1.5%). Activity of market participants was very low. The trading volume for shares of KASE index on Tuesday fell 12.1 times compared to the previous day and reached 2.2 million tenge. Trading in shares and depositary receipts of Kazakhstani issuers on the London Stock Exchange on Tuesday ended with multidirectional dynamics. Kazakhmys shares went up 1.4%, ENRC shares went down 1.2%. GDR of KMG EP at a public auction added 4.5%, but by the end of the session slowed down the growth and at the end of the day increased by 0.7%. The best dynamics in the auction was led by KKB, going up by 4.2%. Today, the external background for the Kazakhstan stock market develops moderately positive. KASE index today is likely to show moderate changes. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indices finished the session of Tuesday with a substantial increase. Positive tone at the opening of trading was increase in European markets against the backdrop of information that Germany might agree to a new package of aid to Greece. Further, stock indexes went into decline due to consist of data on consumer confidence in the U.S. for May and data on business activity index Chicago PMI for May. The indices managed to recover lost ground and set a daily maximum in the last half hour of trading. Growth was observed in almost all sectors, with the best momentum among a broad stock market was led by technology companies (1.52%). The U.S. dollar showed weakness during the day. Up to the day the U.S. dollar index fell 0.56% to 74.537. The euro / dollar rose 0.8%. Activity of market participants has grown. The trading volume on the NYSE on Tuesday amounted to 1,515.01 million shares (118.71%), and turnover - $ 43.5 billion (110.67%). - U.S. consumer confidence index in May fell 66 points to 60.8 points. Economists had forecasted growth of up to 66.6 points. Decrease occurred in all of two sub-indexes. Consumer expectations index, which measures consumers' assessment of the next 6 months fell from 83.2 points to 75.2 points, the index of current economic conditions, which measures consumers' attitude to the economy - from 40.2 points to 39.3 points. The decrease in consumer confidence is likely to affect oil prices, volatility in stock markets, rising unemployment from 8.8% to 9% and U.S. GDP data for I quarter were below the forecasts of economists. - The index of business activity in May from Chicago PMI fell from 67.6 points to 56.6 points. Economists forecast a decline to 62 points. Decrease of the index was the third in a row. Perhaps the reduction of the index affected the suspension of production due to shortage of spare parts and components from Japan. - House Price Index from the S & P / CaseShiller in the 20 largest U.S. cities fell in March by 0.23%, which was the ninth consecutive decline in the index. Economists had forecast a decline of 0.2%. In annual terms, the index decreased by 3.6%. Falling prices in annual terms was observed in 19 out of 20 cities. - Today the U.S. is expected to publish important economic statistics. In the focus of market participants will be data on changes in the numbers employed by ADP in May, data for the index of business activity in the manufacturing sector (ISM) in May. In general, the probability of increase in the index trade results is high. - Major stock indexes in Western Europe finished the session on Tuesday with growth. Positive influence on the trades provided information on the availability of financial aid to Greece, which in this case, avoided debt restructuring. The British FTSE 100 index finished the session increasing the fifth day in a row. Major stock indexes have shown resistance to adverse economic data released in the U.S. - Today, trading on the major sites of Western Europe have the chance to continue to grow, which will be constrained by economic statistics. Of the economic statistics today, there are data on PMI manufacturing index for May in the eurozone, Germany, Great Britain. - Major Asian stock indexes are now showing multidirectional dynamics. Decline is observed for indexes in China, Hong Kong, because the data consists of the manufacturing PMI index for May. The index in May fell from 52.9 points to 52 points. In addition, the manufacturing PMI index from HSBC in May was down from 51.8 points to 51.6 points. Thus, the figure dropped to ten-month minimum. - Oil prices are now rising slightly, the U.S. dollar is falling. July futures for WTI crude oil currently increasing at 0.2%, the July crude oil futures for Brent - on 0.03%. Gold is now losing 0.3%, silver - 0.35%. U.S. dollar yields 0.1% to its main competitors. The euro / dollar duo is rising at 0.2%. 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. [2011-06-01]