The review of key events from "Asyl-Invest" JCS analysts for June 20, 2011

/IRBIS, June 20, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for June 20, 2011 Trading on the Kazakhstan stock market ended with decrease on Friday. KASE index decreased by 0.3% up to 1538.56 points. Growth followed the stocks of BCC (1.8%), decrease - stocks of ENRC (-0.5%) and Kazakhtelecom (-0.1%). Activity of market participants was relatively low. Trading volume on the shares of KASE index on Friday was 1.3 million KZT. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Friday resulted in mixed trends. NSBK GDRs rose by 3.5%, GDRs of Zhaikmunay - 2.4%, Kazakhmys shares - 1.7%. ENRC shares fell by 1%, GDRs of KKB - 0.9%, GDRs of KMG - 0.5%. Today, the external background for the Kazakh stock market is composed neutral. Analysts of "Asyl INVEST" expect minor changes in the value of KASE index on the basis of today's trading. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indexes broke a six-week decline of the background of information that Greece can be provided with financial assistance. The indices bounced up on Friday on news that Greece has appointed a new finance minister, as well as information about what officials in Germany and France insist that Greece as quickly as possible was provided by financial aid package. In addition, data on leading indicators for May came out better than expectations of economists. The index rose by 0.8%, while economists forecast growth at 0.3%. The index of consumer confidence in the U.S. from the University of Michigan in June fell from 74.3 to 71.8 points. Economists had forecast the index to be at 74 points. These data on the look of analysts of "Asyl Invest" are not surprising, given the drop in the index of consumer confidence Conference Board in May. In general, the activity of market participants on Friday was the highest. The trading volume on the NYSE was 1,604.51 million shares and turnover - $45.9 billion - In today's U.S. economic statistics will not be published, so perhaps because of that market participants will focus on current levels and changes in the external background. - Major stock indexes in Western Europe on Friday opened in negative territory, however, rushed up in the afternoon on news that officials in Germany and France expressed support for participation in the plan to rescue Greece. The decision to allocate financial assistance may be made in the near future. In the case of providing financial assistance to Greece, a country can keep from defaulting at least until late summer. - Today in the euro area, there are data on the current balance in April. In Germany will be published data on producer prices for May. - Major Asian stock indexes today are traded in different directions. Oil prices are now falling, the U.S. dollar is growing. August futures for WTI crude oil today are losing 1.1%, August futures for petroleum of mark Brent - 1%. Gold lost 0.2% today, silver is growing at 0.1%. The U.S. dollar is growing at 0.4% against a basket of currencies. The euro/dollar declines by 0.5%. 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 [2011-06-20]