The review of key events from "Asyl-Invest" JCS analysts for June 27, 2011

/IRBIS, June 27, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for June 27, 2011 Trading on the Kazakhstan stock market on Thursday resulted in the growth. KASE index increased by 0.51% to 1558.03 points. Day was completed with increase by stocks of Kazakhmys (+3.3%). Activity of market participants was relatively low. Trading volume on the shares of KASE index on Thursday was 13.5 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Thursday ended with mixed trends. The greatest losses to the trading results suffered securities of commodity companies: GDR of KMG (-5.3%), shares of ENRC (-5.05%), Kazakhmys shares (-3.8%), shares of Kazakhgold (-0.9%). GDR of banks finished trading in different directions. NSBK GDR decreased by 1.1%, KKB GDR rose by 2.8%. Despite the sharp drop in shares of commodity companies, the analysts of "Asyl INVEST" believe that in today's trading, market participants will refrain from aggressive selling. Analysts of the "Asyl Invest", however, recommend to record gains / losses on shares of Kazakhmys, ENRC and KMG EP up on the rebound. European stocks today are likely to grow. In general, analysts of "Asyl INVEST" see a long decline of markets and recommend refraining from opening long positions. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indices finished the session on Friday with the fall, in spite of domestic economic statistics being better than forecasts. Negative impact on the course of trading in shares had a concern of market participants about the situation in Greece and the fear of spread of the debt crisis in Europe, after Moody's Investors Service placed the long-term deposit ratings and the ratings on debt 16 Italian banks on review for possible downgrade. Economic statistics, published in the U.S. on Friday, had a limited impact on the course of trading of shares. U.S. GDP for the first quarter on the third estimate increased by 1.9% in annual terms. Economists had forecast growth of 1.9%. The volume of orders for durable goods in the U.S. in May grew by 1.9% after falling by 3.6% in April. Economists had forecast growth of 1.5%. Excluding vehicle index in May rose by 0.6%. Orders for goods of investment values increased by 1.6% in May, also above the forecast of economists. Statistics are not able to support the markets. The worst dynamics in the auction was led by oil and gas sector (-1.92%). In general, the activity of market participants in the stock trading on Friday was the highest. The trading volume on the NYSE was 1740.41 million shares and turnover - $48.1 billion - Today, the eurozone important economic statistics will not be published. Analysts of "Asyl INVEST" expect the major indices to lower in Western Europe at the opening of trading. - 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 0.6%, August futures for petroleum of mark Brent - 0.7%. Gold is trading today virtually unchanged, silver falls to 1.4%. The U.S. dollar is growing by 0.3% 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 [2011-06-27]