Forecast and recommendations of BTA Securities (Kazakhstan) analysts on September 14, 2009

/IRBIS September 14, 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 14, 2009. According to the report, the company analysts expect: - a decrease of major indexes quotations in Europe and the USA is expects. Pressure on the indices will fix the profits players on the market after the stock market improved significantly in the last week. Pressure will also be felt by the commodity market, where the expected negative trend in prices for oil and metals on the background of strengthening U.S. dollar against the euro. Data on employment and industrial production in the euro area, in the case of positive, could support only a few stock quotes in the region. Dynamics of futures for the major indexes still speaks of the negative dynamics of the U.S. market today. Technical analysis gives a signal down on all the major indexes. - KASE index may decline after the expected fall in European stock markets and commodity prices. - Today, the analysts of BTA Securities expect fixation profits on the shares and GDRs of Kazakh banks, under pressure from the expected negative dynamics of foreign markets. - in the near future quotations of domestic oil companies likely will continue decline in response to falling oil prices. Cost of black gold will be under pressure to strengthen the U.S. dollar and concerns about declining energy demand. - the analysts of BTA Securities expect the decline of stock price of domestic steel companies in response to the negative dynamics of prices for industrial metals under pressure from a possible strengthening of the U.S. dollar and worries about demand for raw materials. - on September, 14 is expecting a technical straightening of the U.S. dollar against the euro. The given material has exclusively information character and is not 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. [2009-09-14]