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 ended with decrease on Tuesday. KASE index decreased by 0.25% to 1,552.85 points. With growth finished the day shares of ENRC (+1.9%), Kazakhtelecom (+0.3%), fall - KKB shares (-3.9%), shares of EP KMG (-0.3%). Activity of market participants was relatively high. Trading volume on the shares of KASE index on Tuesday was 359.2 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Tuesday ended with mixed trends. The best dynamics demonstrated GDRs of NSBK (5.05%). Stocks commodity companies have not shown unified dynamics. Kazakhmys shares rose by 4.1%, shares of ENRC - 2.3%, GDR KMG - 0.7%. Zhaikmunai GDR decreased by 0.5%, GDR of Kazakhgold - 1.9%. Today, the external background for the Kazakh stock market is composed as moderately positive. Analysts of "Asyl INVEST" expect growth of index following the trading. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indices finished the session on Tuesday with growth amid growing confidence of market participants that votes in the Greek Parliament on the government's credibility would be a success, paving the way to the policy of reducing public expenditure. DJIA Dow Jones (+0,9%) and the index of wide market S & P 500 (1.34%) finished the session of Tuesday with the growth of a fourth consecutive day. The best dynamics was led by the sector of "basic materials" (+3.15%). Shares of oil and gas sector closed the day with growth (1.92%), despite lower oil prices. Of economic statistics on Tuesday took data on sales of existing homes for May. Home sales decreased by 3.8% to 4.81 million. Economists had forecast a 5% drop to 4.8 million. In general activity of market participants was relatively high. The trading volume on the NYSE totaled 851.16 million shares, while turnover - $23.8 billion - In the focus of the market today will be the report on the FOMC monetary policy and thus the speech of the U.S. Federal Reserve Ben Bernanke. This report is very important 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 rose on Tuesday due to technical factors and expectations of market participants about the success of the vote in the Greek Parliament on the issue of trust in government. In the case of a successful election in Greece, it is likely to receive 12 billion euros of financial assistance. As it became known today, the Greek Parliament has expressed confidence in the government. - Today, there are data on euro area industrial new orders in April, data on consumer confidence in June. The focus of the market is drawn to the Greek issue and published report of FOMC. - Major Asian stock indexes today are traded in different directions. Oil prices are now showing mixed trends, the U.S. dollar is growing. August futures for WTI crude oil today are losing 0.6%, August futures for Brent crude are rising by 0.2%. Gold today is getting cheaper by 0.03%, silver is reduced by 0.04%. The U.S. dollar is growing by 0.2% against a basket of currencies. The euro / dollar declines 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 [2011-06-22]