Forecast and recommendations of BTA Securities (Kazakhstan) analysts on September 8, 2009

Forecast and recommendations of BTA Securities (Kazakhstan) analysts on September 8, 2009 /IRBIS September 8, 2009/ - BTA Securities Subsidiary of BTA Bank (Almaty, BTA Securities) provided its main survey of events and investment ideas and forecast to IRBIS on September 8, 2009. According to the report, the company analysts expect: - as a reply to last day's events the insignificant increases of basic indexes quotations is expected in the USA. The Heads' decision of a Big Twenty should cooperate on market growth, no turn off anti-crisis efforts, despite of economic stabilization. Today the existing data in the USA on consumer confidence (ABC Consumer Confidence) and in Germany on industrial production, also should support the markets, because the improvement of parameters is expected. Today, market activization M&A can contribute an effort to the increases of indexes, in particular, events around purchase of Cadbury by Kraft Foods company. Market revival is a positive factor for the share market, meaning improvement of a situation in corporate sector and economy. The oil and metals prices after three-day growth can be stabilized before decision OPEC on quotas which likely will remain constant that is neutral for the oil market. Dynamics of futures for the basic indexes while tells well for their growth today, in both in Europe and in the USA. - KASE index likely will increase as a reply to the expected positive dynamics of external markets. - in case of maintaining of external positive news backgrounds, the investors again can pay attention to the Bank sectors' shares after yesterdays quite. Analysts of BTA Securities haven't excluded further increases of quotations of JSC BankCenterCredit shares, which are looks underestimated in this sector. The bank results for the first quarter were more than overcome of analysts' expectation. - Today, the oil quotations will be still inactive as before at meeting of OPEC. Probably, will kept some increase dynamics by dollar weakening and by expecting data of API on oil stocks in the USA. New week promises to finish with restoration of oil quotations by expected positive of consumer confidence in the USA and in view of that on last week the quotations have lowered up to a five-week minimum. By GDR of JSC Investigation Extraction KazMunaiGaz and by BMB Munai shares expected growth today. - analysts of BTA Securities expect the increases of domestic metallurgic companies quotations, which are trading on American Stock Exchanges. Its will regain the positive news of last days. Changes of shares costs at European fields will be less important than expected published data on industry sector of China that is planed for 10th of September. During of intermediate days, the decrease of metal cost is possible under fears pressure on Chinese economic situation cannot provide future rows price increases. - Analysts of BTA Securities not exclude the further increase of euro/dollar rate in reply to expected increase of the share market. 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. [2009-09-08]