Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on October 1, 2010

/IRBIS, October 1, 2010/ - JSC Finance Company REAL Invest.kz (Almaty, REAL Invest.kz) provided to IRBIS overview of major developments in Kazakhstan and the world markets on October 1, 2010. JSC Finance Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - major U.S. and European markets once again closed the day lower. Published in the United States macro statistics, an order of magnitude better than analysts' forecasts, prompted investors to lock in profits. According to final data, GDP growth has the world's largest economies - the U.S. in the second quarter amounted to about 1.7%, that on 0.1% more than the latest forecast of specialists. In addition, weekly data on U.S. employment market also proved to be more than positive: the number of initial applications for unemployment insurance for the past week decreased by 16 thousand units, while analysts expected a decline of only 12 thousand on the last index of business optimism Chicago PMI, surpassed All the most optimistic analysts' expectations, adding to last month 3.7 points, while market participants forecast a decline to 0.7 points. Up to the day the major European markets have adjusted to within 0.6%, U.S. indices fell within 0.45%. Today in the United States is expected to yield important macro statistics. An hour before the opening of the American sites, publish data on personal income and expenditure for the country's citizens. After about half an hour after opening, an indicator of consumer confidence released Mich Sentiment - analysts expect that it grew by 0.4 point last month, and reached the mark of 67 points. In addition, around the same time, will be published index of business optimism ISM, which according to the consensus forecast in last month fell by 1.5 points. Finally, 2 hours before closing sites will publish data on U.S. sales of cars and trucks. Analysts of "REAL Invest.kz" believe that this package will perform statistical data determines the dynamics of the stock and commodity platforms at least in the short term, enabling market participants to look more closely at the pace of economic recovery. - Four sites BRIC, the leader among the emerging economies, the end of the day had grown substantially. Despite the mostly weak trading began the majority of sites emerging markets managed not only to rectify the situation by the end of the session, and end the day higher confidence quotes. As a platform to support regional factors that distinguish the publication of positive macro statistics in the U.S., and the continuing rise in prices of basic raw material assets. - The cost of a barrel of oil, following session of the newly added significantly - about 2.9%, to $ 80.25. Notes impressionable dynamics of quotations of "black gold" for the past six sessions, on the basis of which price of a barrel of oil has risen by 7%. Analysts of "REAL Invest.kz" believe that growth will continue, and if over the next few sessions will be short - going beyond traditional "comfort range" $70- 80, is short-lived. - the price of an ounce of gold at end of last session have not changed significantly, while at the same time, the speaker said yesterday's auction of violent attempts to "bear" and "bull" to identify each winner: after a 0.4% gain in the beginning of the session, quotes " precious metal "and then collapsed to a level of -0.8%, but adjusted by the end of the session. In the short term cost of ounce of gold with the same probability as may be adjusted from the current maximum levels, and continue his march, but in terms of technical analysis on the daily chart has formed one of the models of candlesticks, which implies a rollback of quotations, in at least run the next few sessions. In the medium term, the analysts of "REAL Invest.kz" continue to expect rising prices for gold. - EUR/USD pair on the results of the last session added about 0.43% finished the day slightly lower level of 1.3670. The growth of regional European currency on the basis of the last three weeks was about 7.5%. According to the "REAL Invest.kz", a couple needs at least a small correction, and therefore the purchase of euro at current levels "REAL Invest.kz" considers dangerous and unjustified. The British pound after the publication of weak data on consumer confidence index GfK, has fallen by more than 1%, closing at about 1.573 points. "REAL Invest.kz" predicted a bumpy ride with a hike to the very important psychological level of 1.60 volatile British pounds, and the last trading session fully implements this part of the forecast. JSC Finance Company REAL Invest.kz notes the following significant developments on the Kazakhstan market: - National Bank of Kazakhstan to increase the capitalization of JSC "Kazakhstan Deposit Insurance Fund" at 11 billion, said Thursday at a plenary session of the Senate of the Parliament of Kazakhstan, Vice- Chairman of the National Bank Mr. Daniyar Akishev. "In September of this year was carried interest capitalization (11 billion)," - said Mr. Akishev. According to him it was done in order to improve the stability of the financial system, protect the interests of depositors and the formation of banks funding base. "In consequence of the expected steady growth in deposits" - believed in the National Bank of Kazakhstan. Analysts of "REAL Invest.kz" noted that the most attractive stories among the shares of Kazakh companies are RD Kazmunaigas, Kazakhtelecom and Halyk Bank. Especially attractive look and EP Kazakhtelecom, as both companies are very strong balance sheet with low debt burden, the EP's net debt at all negative, i.e. cash flows of the company exceed liabilities. Besides their business generates more free cash flow, which allows them to pay a very solid dividends. Dividend income on preferred shares of KMG and Kazakhtelecom is 6-8% and 3- 4% of ordinary shares. Shares of these companies are traded much cheaper than the shares of similar companies in other emerging markets. This material is for informational purposes and is not an offer or recommendation to perform any transaction in securities. Agency IRBIS is not responsible for the opinions expressed in this material. [2010-10-01]