Forecasts and recommendations of analysts of BTA Securities (Kazakhstan) for September 2, 2009

/IRBIS, September 2, 09/ - JSC BTA Bank"s subsidiary BTA Securities (BTA Securities, Almaty) has provided IRBIS with a survey of main events, Forecasts and Investment ideas for September 02, 2009. According to the report, the company analysts expect today: - It is expected an increase in shares in Europe and the United States after a significant fall in the week. The raw materials market may support the stock markets. Oil prices may rise due to the expected decline of oil reserves in the US last week, according to the U.S. Department of Energy. Yesterday, American Petroleum Institute gave hope for good results, stocks fell by 3.2 million barrels. Increase of basic indices can contribute to the macro-data on employment in the U.S. (ADP Employment Change) and industrial orders (Factory Orders). The revised GDP data for the euro zone will have no impact on the market, unless the reduction would not be lower than previously published values (-0.1%). The weaken Dollar exchange rate will support markets. Dynamics of futures for the major indices shows the growth of American indices today. - Index KASE continues declining following the decrease of European stock markets and commodity prices. Shares of banks will go down in the absence of incentives for growth. - Today, BTA Securities analysts expected decline in stock price and the GDR domestic banks due to lack of incentives for growth and their high prices at current levels. BTA Securities recommended selling the shares and GDRs of Halyk Savings Bank of Kazakhstan and Kazkommertsbank, buy ordinary shares of Bank CenterCredit because of the fundamental growth potential. - It is expected recovery of oil quotations, after more than 7% drop over the past two trading sessions. Oil reserves in the country promise to be positive in the face of declining reserves estimated API. In addition, oil has not yet responded to the positive for the production of the U.S., and expected a positive situation on industrial orders, it can stimulate the growth of quotations. It is expected an increase in shares of domestic companies. - It is expected an increase in the shares of domestic steel companies because of positive information on industrial orders in the United States. In addition, data published yesterday by U.S. industry and China may also support the metallurgical sector. - the Euro strengthened over the dollar after a significant fall. 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. [2009-09-02]