Forecast and recommendations of BTA Securities (Kazakhstan) analysts on September 11, 2009

/IRBIS September 11, 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 11, 2009. According to the report, the company analysts expect: - expected an increase of quotations of major indexes in Europe and the U.S. with the support of the commodity market. The main events that today would have a positive impact on the market are: data on industrial production and credit in China, a significant decrease in oil reserves in the U.S., the positive data on Wholesale Inventories, and consumer confidence (University of Michigan Confidence) in the United States. Manufacturing in China in August grew by 12.3%, exceeding the expectations of economists to forecast growth at 11.8%. While investors are generally more responsive to the data on PMI Manufacturing, a good reaction to the shares of commodity companies in the data on industrial production is possible, because recent data on PMI were not played. Lending in China in August, also unexpectedly increased compared to the previous month at 15.3%, which may reduce fears that the government of this country turns anti-crisis program. Macro-data on the U.S. today promised to provide support to markets, because expected improvement in performance. The expected increase in the stock market can support the European currency, which yesterday reached a level of resistance, technically constraining further growth rate. Dynamics of futures for the major indexes still talking about their overall negative trends today. Technical analysis gives a signal up the European indices. - KASE index should show a significant increase in response to more than positive data on industrial production in China. As leaders of growth will be shares of commodity companies. - expect the increase in global stock market today will have a positive impact on shares of Kazakhstan's banking sector. Today, analysts of BTA Securities does not preclude further enhance the stock price JSC Kazkommertsbank and Halyk sbergatelny Bank of Kazakhstan, while shares of Bank CenterCredit have a greater chance of appreciation, as retain a greater potential for growth. As shown by bidding the day before, their growth can be substantial. - in the near future analysts of BTA Securities expect an increase of quotations of domestic oil companies in response to rising oil prices. Sami prices for "black gold" can continue to increase due to positive macro-data on China, testifying to accelerate the restoration of the third-largest world economy. - likely significant increase in stock price of domestic steel companies, with a possible increase in commodity prices in response to positive macroeconomic data for China, surpassed expectations. Analysis of the BTA Securities influence of data on industrial production in China quotes the domestic steel companies JSC Kazakhmys and ENRC showed that their growth is the outcome of the day may reach more than 5%. - On September 11 is expected to decrease the U.S. dollar against the euro on the background positive for U. of Michigan Confidence and growth of quotations of U.S. stock markets. 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. [2009-09-11]