Forecast and recommendations of BTA Securities (Kazakhstan) analysts on august 5, 2009

/IRBIS, August 5, 2009/ - JSC "BTA Bank"s subsidiary "BTA Securities" (BTA Securities, Almaty) has provided IRBIS with a survey of main events and investment ideas and forecasts for August 5, 2009. According to the report, the company analysts expect: - further the increase in main indices of Europe and the USA.The dynamics of the market today will determine the macro-data and corporate reports. Analysts BTA Securities expects positive data on industrial production in the United States on the basis of July and the index of consumer confidence, which should lead the market upward. In the case of increasing the stock market could be further strengthening of the euro/dollar, that will support the commodity markets. Dynamics of futures for the major indices shows the growth of American indices today. Technical analysis does not give clear signals. - KASE indexes can go to upwards as reply to positive dinanmic on international stock markets. - a sharp decline in interbank rates Kazprime up to almost 6 %, and a possible further decline in the banking sector said to ease the liquidity crisis and, consequently, the crisis of confidence in it. BTA Securities recommends investors to pay attention to the shares of banking sector and particularly those where risks are low and there is still potential for growth. - oil growth rates is likely to occur on less-than-expected reduction in EU GDP and the expected positive on U.S. industrial production. GDR JSC Exploration Production KazMunaiGaz will continue to increase, while shares of BMB Munai a decline expected - increase in domestic steel companies if macro-data and corporate reports meet the expectations of investors. Strengthening of US dollar may negatively affect the sector. - 14 августа ожидается укрепление доллара США относительно евро на фоне позитива по промышленному производству США. - August 14, it is expected strengthening of US dollar concerning euro on positive industrial production in the USA. The given material has exclusively information character and is not the offer or the recommendation to make any transactions with the stocks. Agency "Irbis" doesn't take responsibility for the opinions which are in given material. [2009-08-14]