The review of key events from "Asyl-Invest" JCS analysts for June 21, 2011

/IRBIS, June 21, 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 on Monday ended with the growth. KASE index on the basis grew by 1.2% to 1556.69 points. Stocks of NSBK (+4.7%), ENRC (+1.4%), Kazakhmys (+0.6%) finished the day with growth. Activity of market participants was relatively high. Trading volume on the shares of KASE index on Monday was 4 mln. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Monday ended with mixed trends. Paper banks have suffered significant losses following the sector. NSBK GDR fell by 5.33%, GDR CCB - 2.8%. Shares of commodity companies have not shown unified dynamics. Kazakhmys shares fell 1.1%, ENRC shares rose 1.5%. GDR KMG declined by 1%. Kazakhgold GDR rose by 13.2%. Today, the external background for the Kazakh stock market is composed as neutral. Analysts of Asyl INVEST expect the fall of the index on trading results. The leaders of the fall will probably be shares of banks. In addition, analysts of ASYL INVEST note the following events on world markets: - Key U.S. stock indexes finished the session of Monday with the growth by overcoming the pressure from the vendors on the background of statements by the head of Eurogroup, Prime Minister and Minister of Finance of Luxembourg Jean-Claude Juncker that the final decision on granting financial aid to Greece will be taken at a meeting of finance ministers Eurozone July 3. At the opening of the dynamics of the indices showed weak due to uncertainty in the allocation of financial aid to Greece. Shopping observed in almost all sectors, with the best dynamic sector was led by "health care" (1%). Economic statistics on Monday was not published. In general, the activity of market participants was relatively low. The trading volume on the NYSE totaled 786.44 million shares, while turnover - $ 22.1 billion - Economic statistics today is limited by the release of data on sales of existing homes for May. These probably will not affect the broader market. The focus of the market will be the Greek question and leaving on Wednesday FOMC statement on monetary policy and thus the speech of the U.S. Federal Reserve Ben Bernanke. This report is very important FOMC in connection with the expiration of QE2. Market participants are interested in what the U.S. Federal Reserve will take in terms of the debt crisis in the eurozone. - Major stock indexes in Western Europe on Monday suffered losses because of the uncertainty regarding the details of financial assistance to Greece. Eurogroup put pressure on Greece and deferred a decision on the allocation of the fourth tranche of aid worth 12 billion euros until the Greek authorities will not resolve the question of reducing costs and increasing budget revenues. This put pressure on the course of trading in shares on European markets. At the same time, comments of Juncker that the final decision on granting financial aid to Greece will be taken at a meeting of eurozone finance ministers July 03, had positive impact on markets. - Today, there are data in the euro zone on sentiment index in the business environment of the ZEW in June, in Germany - data on the index of the current situation of the ZEW in June, the sentiment index data in the business environment of the ZEW in June. The focus of the market - the Greek question. Probably the activity of market participants will remain low in anticipation of the report is published FOMC. - Major Asian stock indexes today are traded in different directions. Oil prices are now falling, the U.S. dollar declines. August futures for WTI crude oil are currently increasing at 0.2%, August futures for Brent crude lost 0.15%. Gold rises in price today is 0.1%, silver is reduced by 0.6%. The U.S. dollar yield 0.08% against a basket of currencies. The euro/dollar rising by 0.25%. 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 [2011-06-21]