Forecast and recommendations of BTA Securities (Kazakhstan) analysts on September 9, 2009

/IRBIS September 9, 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 9, 2009. According to the report, the company analysts expect: - Analysts of BTA Securities does not rule out raising of quotations of major indexes in Europe and the USA. Oil prices may rise on possible positive forecasts of U.S. Department of Energy on oil prices for 4 quarter of 2009 and the anticipated reduction of oil and petroleum products in the United States. OPEC's decision on quotas, which are likely to remain unchanged, will be neutral for the oil market. Remained generally positive macroeconomic background is also conducive to the growth of the stock market. A possible further weakening of the U.S. dollar may have a little support for raw materials. Growth of the market against the backdrop of increased M & A market is also not excluded. Dynamics of futures for the major indexes still says in favor of their growth in Europe. - KASE Index, is likely to rise in response to the expected continuation of positive dynamics of foreign markets. - optimism on foreign markets, returned on last Thursday, could be a good opportunity to improve the stock price of domestic banks. Analysts of BTA Securities believe that the most likely to have increasing shares of BankCenterCredit, which in unlike to other instruments of sector remains a significant growth potential. - today will be a meeting of OPEC, where production quotas are expected to remain unchanged. Today, also expects short-term forecasts of U.S. Department of Energy (for 4 quarter of 2009 and 2010). In Last month, the DOE predicted the price of WTI crude oil varieties at $ 70 per barrel, in general, the price is $ 59.94. Forecast prices for 2010 remained unchanged at $ 72.42. However, the main influence on the quotations of oil today would have expected further weakening of the dollar against the euro, resulting in a further increase in quotes. - now possible small increase in stock price of domestic steel companies against the backdrop of the lack of significant macro news, but as soon as analysts of BTA Securities expect a small downward correction in the event of weak data on industrial production in China, published on September 10. In response to a possible reduction in metals cost under pressure of fears that the economic situation in China can not sustain further growth in commodity prices. - analysts of BTA Securities does not preclude further appreciation of the euro / dollar in response to the expected increase in market shares. 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. [2009-09-09]