The review of key events from "Asyl-Invest" JCS analysts for June 8, 2011

/IRBIS, June 8, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for June 8, 2011 Trading on the Kazakhstan stock market on Tuesday ended with the growth, as improvement in the external background favored purchases. KASE index on the basis of trades rose by 0.8% to 1589.34 points. The rise in prices touched the shares of KKB (2.4%), KMG (+2.2%), ENRC (+0.7%), Kazakhtelecom (0.1%). Activity of market participants was relatively high. The trading volume for shares of KASE index on Tuesday rose to 12.4 from the previous day and made 108.4 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Tuesday ended with multidirectional dynamics. Kazakhmys shares were down by 0.55%, ENRC shares rose by 0.1%. KMG GDR went up by 2%, GDR of Zhaikmunai - 8.8%. GDR of banks finished the day with lowering. KKB GDR fell by 3.1%, GDR NSBK - 1.7%. Today, the external background for the Kazakhstan stock market develops moderately negative. The bidding is likely to end in negative territory. In addition, analysts of ASYL INVEST note the following events on world markets: - For most of the Tuesday session key U.S. stock indexes stayed in positive territory, but in the last half hour of trading began to decrease in the indices as well as comments from Fed chairman Bernanke increased concerns about global economic recovery. In his speech, Fed chairman acknowledged the slowdown in the U.S. economy, but did not offer any additional incentives to support economic growth. As a result, the major indexes finished trading lower for the fifth consecutive time. The worst in this case demonstrated the dynamics of stock-tech companies (-0.37%). In general, trading volume on the NYSE on Tuesday amounted to 934.66 million shares, while turnover - $ 26.22 billion U.S. dollar fell by 0.56% relative to its major competitors. - Today the U.S. is expected to yield data on commercial stocks of crude oil and petroleum products for the week ending June 3. Also today, the report will be published the U.S. Federal Reserve "Beige Book". The focus of investors this week will be the decision the ECB and the Bank of England's base interest rates. Solutions will be known on Thursday. - Major stock indexes in Western Europe finished the session on Tuesday a slight increase. The British FTSE 100 index rose for a third day. Growth of the index contributed to the dynamics of the British stock prices Mitchells & Butlers (MAB) and shares of Resolution Ltd. (RSL). Shares of the company Mitchells & Butlers (MAB) rose 3.75% on the information that a group of investors prepared to make an offer the company for 1.7 million pounds. The company's shares Resolution Ltd. (RSL) grew by 2.8% after the company announced a plan to repurchase shares in the amount of ? 250 million. German DAX index rose slightly due to the recommendations of analysts. The company's stock Sky Deutschland (SKYD) was added to 3.4% after Goldman Sachs analysts raised recommendations on them. Shares of the company Praktiker (PRA) rose by 4.7% due to increased recommendations on the part of analysts of Berenberg Bank. - Today in the euro zone will be published preliminary GDP data for the I quarter. In Germany today there are data on Balance of Payments for April and data on industrial production. Analysts of ASYL-Invest expect to reduce the major indices in Western Europe at the opening of tenders. - Major Asian stock indexes down today after the U.S. Federal Reserve Chairman commented on the situation in the economy. Oil prices are now falling, the U.S. dollar rises. July futures for WTI crude oil are now down by 0.8%, the July crude oil futures for Brent - by 0.6%. Gold is now losing 0.2%, silver - 0.6%. The U.S. dollar is growing at 0.17% against a basket of currencies. The euro/dollar declines by 0.2%. This 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 this material [2011-06-08]