The review of key events from "Asyl-Invest" JCS analysts for June 29, 2011

/IRBIS, June 29, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for June 29, 2011 Trading on the Kazakhstan stock market on Tuesday ended with the fall. KASE index decreased by 1.3% to 1503.8 points, and so fell to its lowest level since September 28, 2010. Kazakhmys shares finished the day with decrease (-6.6%), ENRC (-1.1%), NSBK (-0.3%), Kazakhtelecom (-0.3%). Activity of market participants was relatively low. Trading volume on the shares of KASE index on Tuesday was 26.1 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Tuesday ended with predominant growth. The best dynamics in the auction showed shares of commodity companies: Kazakhgold (+2.9%), Kazakhmys (+2.85%), ENRC (+2.2%), KMG (0.68%). In negative territory completed trades GDR of Zhaikmunai (-3.7%). Banks closed the day with growth, GDR of KKB (2%), NSBK (+0.6%). Kazakhmys shares are currently increasing by 320.5% at the auction in Hong Kong. From today's trading analysts of "Asyl INVEST" expect growth in the KASE index. In addition, analysts of ASYL INVEST note the following events on world markets: - On Tuesday, the U.S. stock market repeated the pattern of the previous day - trades ended with the growth of the relatively low trading turnover on expectations of a speedy resolution of the Greek question. Germany's support plan for France to rescue Greece's positive impact on investor sentiment. According to the plan of France, banks are replacing the Greek debt bonds with a maturity of thirty years. The rise in prices was observed in almost all sectors, in this case, the best dynamic sector was led by "oil and gas" (2.82%). Economic Statistics, published yesterday in the U.S., had low impact on market participants. U.S. consumer confidence index from Conference Board fell in June from 60.8 points to 58.5 points. Economists forecasted a decline to 61 points. The index thus fell to a seven-month low. House price index from S & P / CaseShiller 20 City fell in April to 0.09%. Economists had forecast a decline of 0.2%. In general, the activity of market participants trading on the stock continued to remain weak. On the NYSE on Tuesday were bought and sold 803.75 million shares, while turnover totaled $23.65 million - Today in the U.S. there are data on pending sales in the housing market, and uncompleted deals on home sales for May, data on applications for mortgages from the MBA in June. The focus of the market will be located in the Greek Parliament vote on new measures of austerity. - The main stock index finished the session in Western Europe on Tuesday with growth on expectations of an early increase in resolving the situation in Greece. Growth in the U.S. equity markets supported the European markets. In Europe, yesterday was published important statistic. Consumer price index in Germany in June rose 0.1%, which coincided with the forecast of economists. UK GDP in I quarter has grown by 0.5% in the third evaluation, which also coincided with the forecast of economists. - Today in the euro area, there are data on the business climate index for June, data on consumer, industrial and economic confidence in June. - Major Asian stock indexes today are traded in different directions. Oil prices are now rising slightly, the U.S. dollar slightly increases. August futures for WTI crude oil are currently increasing by 0.03%, August futures for petroleum of mark Brent - 0.06%. Gold today is growing at 0.25%, silver - 1.2%. The U.S. dollar is growing by 0.07% against a basket of currencies. The euro / dollar declines by 0.1%. 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 [2011-06-29]