Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on December 15, 2010

/IRBIS, December 15, 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 December 15, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - major U.S. and European indexes finished the day growth of quotations. Published on Tuesday, macroeconomic statistics has managed to cause a new and powerful surge of positive on the stock and commodity platforms, but the Fed's decision on the launch of "quantitative easing program 2", who are already in the past few months unpopular among market participants, reduced the level of optimism in the blood of the western players to a minimum. The growth of PPI in November in the United States exceeded analysts' expectations, reaching 0.8%. Growth in retail sales also pleasantly surprised analysts, reaching 0.8%, while experts expect growth rate to only 0.5%. Good stat. the data came out, and in Europe, according to Euro stat, the volume of industrial production in the euro area in October 2010 increased by 0.7% compared with September. Analysts predicted that the growth rate will amount to 1.3% in monthly terms. At the monthly meeting devoted to the interest rate the Fed, the U.S. central bank announced the launch of a new program of assistance to the economy, a $ 600 billion, which over the past few months, is under heavy flak experts believe unwarranted inflationary risks associated with the program, while the expected economic effect is likely to be low. As a result of the day, European indexes rose within 0.5%, U.S. Dow Jones and S & P 500, started the day more than the percentage increase, finished the session much more modest - the first closed higher by 0.42%, the second is only to 0.09% . Today in the United States once again expected to yield important macro statistics, so to be published data on the consumer price index, the level of industrial production and consumer confidence. - Site emerging markets have completed the past day trading mostly increasing indices. Three of the four sites BRIC countries on Tuesday closed a substantial increase in capitalization, "summed up" once again the index of Chinese sites "SSEC", where the current situation is hardly out of control inflation, one way or another involves an early tightening of monetary policy the Central Bank of the Middle Kingdom, in this case from resolute action to retain only the need to maintain the national currency at the minimum levels. The remaining sites BRIC countries finished the session increases within 1.15%. Today's premarket sites for emerging economies are moderately negative, Asian indices started the day with a decline. - The cost of a barrel of oil brand "WTI" following the last session fell by 0.36%, closing just below $ 88. The session was extremely sluggish trading volumes were small and, in general, the last session was the fifth to the series to a new price range of $ 88-89 per barrel. At the same time, the analysis of the dynamics of oil prices over the past five months suggests that observed in the present situation - only a certain "calm before the storm", and according to the logical outcome of such a scenario, we very soon expects continued strong growth in prices oil. Perhaps today's weekly data on crude oil and petroleum in the United States will contribute at least some recovery in the market for oil futures. - the price of gold, according to the "REAL Invest.kz", finally came out from under the influence public market trends began to be guided only by some personal thoughts. For example, yesterday troy ounce, for unclear reasons for the market, declined slightly less than 0.8%, returning the Bears line of $ 1,400 per ounce. This fact confirms our assumption that by the end of the year, the dynamics of "precious metal" likely never to be logic. - Course of the regional European currency, on the basis of past trade decreased by 1%, which is likely due to technical factors, prevailing on a daily chart of the U.S. dollar index, which is fighting off competition from at $ 79, tried to achieve a strong resistance level at around $ 80. Currency pair EUR/USD closed the day at around 1.336, failing to build on the success of the previous day. - probably for the same reasons that the euro has declined by more than half a percent gave their positions on the British pound after the last session. Currency pair GBP/USD is on the psychological mark of 1.5750, which she just need to keep in order to try to complete the passing year on a positive note. 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 EP KMG and 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. [2010-12-15]