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 Wednesday ended with the growth. KASE index on the basis of trades rose by 2.13% to 1535.79 points. With price increase have completed the day the shares of Kazakhmys (+8.8%), ENRC (+3.7%), KKB (1.3%), Kazakhtelecom (+0.8%). Activity of market participants was relatively low. Trading volume on the shares of KASE index on Wednesday was 23.6 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Wednesday ended with predominantly growth. The best dynamics in the auction showed the securities of commodity companies: ENRC (+5.2%), Kazakhmys (3.85%), KMG EP (2.95%), GDR of Zhaikmunai (.52%). In negative territory completed trades Kazakhgold GDR (-3.12%). Banks closed the day with growth, the GDR of KKB added 3.85%, NSBK - 0.69%. Kazakhmys shares are currently increasing by 3.26% at auction in Hong Kong. From today's trading analysts of "Asyl INVEST" expect growth in the index of KASE. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indices finished the Wednesday session with increase for the third consecutive day. Positive impact on the bidding had news that the Greek parliament approved the program of budget savings, although this was not a surprise for the markets. Purchase occurred against the backdrop of weakening U.S. dollar. Shares of the sector "basic materials" went up by 1.29%, shares of oil and gas sector - by 1.28%. The latter increased by the news of a sharp reduction in U.S. oil inventories. Crude oil inventories fell by 4.38 million barrels for week ending June 24. August futures for WTI crude oil rose 2% to $ 94.77 / barrel. The best dynamics in the auction was led by banking sector (+2.3%). Shares of Bank of America (BAC) rose 3% on news that BofA settled out of court regarding the claims of investors selling their mortgage bonds, and promised to pay them $ 8.5 billion in economic statistics, published in the U.S., the reaction in the markets did not cause . In general, the activity of market participants trading on the stock was relatively high. On Wednesday, on the NYSE have been bought and sold 913 million shares and turnover was $ 27.2 billion - Today in the U.S., there are data on the number of initial claims for unemployment benefit for the week ended June 25, data on the index of business activity in June from Chicago PMI. - The main stock indexes finished the session in Western Europe with medium on the expectations of a successful vote in the parliament of Greece and eventually to the news that the Greek parliament approved the austerity measures. - Growth in Asian equity markets and equity markets the U.S. has supported the European markets. - Today in Germany there are data on retail sales for May, data on the unemployment rate for June. In the UK there are data on house prices in June. In addition, CPI is expected to publish the forecast of the CPI for the eurozone. - Major Asian stock indexes today are growing. Oil prices are now traded in different directions, the U.S. dollar is losing grounds. August futures for WTI crude oil are currently increasing by 0.3%, August futures for Brent crude lost 0.1%. Gold is growing by 0.04%, silver - 0.7%. U.S. dollar depreciates by 0.45% against a basket of currencies. The euro/dollar is rising 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 [2011-06-30]