Forecast and recommendations of BTA Securities (Kazakhstan) analysts on September 15, 2009

/IRBIS September 15, 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 15, 2009. According to the report, the company analysts expect: - expects an increase of major indexes quotations in Europe in response to the statement by President Obama about improving the situation in the country's economy and preserving the current program of incentives. Share prices of commodity companies trading in Europe, should continue to recover by continue of the U.S. dollar weakening and by expected upward correction in metals prices. Macrostatistika existing in the U.S. today, will also support the markets. Expect good results for Empire Manufacturing, Advance Retail Sales and Business Inventories. Increased market shares, as well as the expected positive according to the study ZEW level of economic optimism in the euro area should support the euro / dollar today. Dynamics of futures for the major indexes so far suggests a negative market dynamics in Europe and the United States today. Technical analysis gives a signal down on all the major indexes. - KASE index may go up in response to the anticipated positive trend in market shares in Europe and the commodity market. Analysts of BTA Securities expected increase of the stock price of representatives of all sectors. - analysts of BTA Securities do not exclude probable increase of stock price of Kazakhstan banks, to KASE with the support of the expected positive dynamics of foreign markets, as well as domestic banks, the GDR on the LSE yesterday. - in the nearest time, the quotes of GDR JSC Exploration Production KazMunaiGas may increase due to the anticipated positive trend in Europe's stock markets. Support to oil prices could provide a resumption of terrorist attacks, the Movement for the Emancipation of the Niger Delta in Nigeria's oil-producing infrastructure. Representatives of the movement have already declared the end of 60 -- day truce. Nevertheless, the main driving force will continue to be concerns about declining energy demand, as analysts continue to expect an increase in U.S. petroleum stockpiles, the biggest consumer of oil. - presentation of the American president on Wall Street today, the optimism may return to the commodity markets and cause a rise in the cost of metals. Today, analysts of BTA Securities expect an increase of stock price of domestic steel companies, traded in London. - not excluded continued weakening of the dollar against to the euro on positive U.S. macroeconomic data and the index of economic optimism in the euro area. 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. [2009-09-15]