The review of key events from "Asyl-Invest" JCS analysts for June 9, 2011

/IRBIS, June 9, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for June 9, 2011 Trading on the Kazakhstan stock market on Wednesday resulted in the growth, despite the moderately negative external background. KASE index on the basis of trades increased by 1.14% to 1607.5 points. The rise in prices occurred in the shares of NSBK (4.7%), Kazakhmys (1.3%), EP KMG (1.1%), KKB (0.9%). Activity of market participants was low. The trading volume for shares of KASE index on Wednesday totaled 44.4 million tenge. Trading in shares and depositary receipts of Kazakhstani issuers on the London Stock Exchange on Wednesday ended with multidirectional dynamics. Kazakhmys shares were down by 3.3%, shares of ENRC - 2%. KMG GDR fell by 0.5%, GDR of Zhaikmunai - by 6.3%. GDR of banks finished the day differently. KKB GDR declined by 1.2%, GDR of NSBK rose by 1.1%. Today, the external background for the Kazakhstani stock market develops moderately negative. Bidding will probably end in negative territory. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indices finished the session with lowering against the emergence of new evidence of slowing economic growth in the U.S.. Stock indexes have fallen, so the sixth consecutive session. Investor pessimism was associated with the comments of head FRS B. Bernanke about the U.S. economy, made on Tuesday. In addition, it became known that the World Bank has lowered the forecast of world economic growth in 2011 from 3,8% to 3,2%. Posted on Wednesday, reports the U.S. Federal Reserve "Beige Book" pointed out that the U.S. economy has slowed growth in April-May. The slowdown in economic activity was related to weather conditions, high commodity prices and supply disruptions caused by the earthquake and tsunami in Japan. The markets have apprehended a report the U.S. Federal Reserve is pessimistic. Oil prices have risen, despite the strengthening U.S. dollar on global currency market. July futures for WTI crude oil rose by 1.7% to $ 100.74 a barrel. The U.S. dollar rose by 0.49% relative to its major competitors. Rising oil prices was caused by OPEC's decision not to increase oil production. In addition, it was reported that U.S. crude stocks fell by 4.845 million barrels. As a result, on the trading the best dynamics have demonstrated the shares of oil and gas companies (0.4%). In general, trading volume on the NYSE on Wednesday totaled 1,012.99 million shares, while turnover - $ 27.75 billion - Today the U.S. is expected to yield data on the number of initial claims for payment of unemployment benefits for the week ending June 4. Also today, will be published data on the trade balance for April, data on wholesale inventories for April. - Major stock indexes in Western Europe have completed the session with drop. Negative influence on the opening of trading has had a reduction in U.S. stocks on the results of Tuesday because of concerns of investors about economic growth. Furthermore, fell sharply in April, the trade surplus in Germany and France. - The focus of investors today will be the decision the ECB and the Bank of England's key interest rates. Analysts of ASYL INVEST expect further reduction of the major stock indexes in Western Europe up to the auction. - Major Asian stock indexes are now showing multidirectional dynamics. Oil prices are now trading at a higher, the U.S. dollar declines. July futures for WTI crude oil currently increasing at 0.5%, the July crude oil futures for Brent - on 0.02%. Gold is now losing 0.1%, silver is growing at 0.06%. The U.S. dollar is losing 0.2% against a basket of currencies. The euro/dollar is rising by 0.3%. 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 [2011-06-09]