Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on November 3, 2010

/IRBIS, November 3, 2010/ - JSC Finance Company REAL Invest.kz (Almaty, REAL Invest.kz) provided to IRBIS overview of major developments in Kazakhstan and the world markets on November 3, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - trading in the U.S. and Europe on Tuesday ended in positive territory. Major U.S. indexes opened the day more than a half-point increase, and this, in fact, the session could end - and then followed over a narrow consolidation has not brought significant changes to the very end of the trading day. Marked decline in multiple trades, due to expectations of market participants the outcome of the Fed meeting, held today in the afternoon. On the basis of such expectations, any purchases in anticipation of such an important event regarded by analysts and traders as checking your own luck: neither technical nor fundamental factors, nor macro statistics these days have no influence on the dynamics of the sites, as investors and large traders are out of the market completely ignore such factors. Up to the day the U.S. the Dow Jones and S & P 500 increased by capitalizing on 0.58% and 0.78% respectively, while the S & P500 came very close to the very important psychological level of 1200 points, and at a certain scenario, today can win a major mark. Indexes European trading results on Tuesday rose by 0.6% -1.1%. - Site emerging markets again finished trading multidirectional change quotations. Major indexes traded BRIC quartet on Tuesday with a reduced level of volatility, but this did not stop them, except the Chinese SSEC, decreased by 0.7%, add in capitalization. In this case, the main driver for the Purchase was reiterated by the dynamics of primary sites, in particular oil prices. Premarket platforms for emerging economies "REAL Invest.kz" evaluates as neutral, while today's trading volume is likely to be even more modest, even compared with low volumes yesterday. - oil futures traders - the ones who in the course of the past trades would not go to the "smoke break", to which the fault acted as published by the weekly statistics on changes in stocks of petroleum and petroleum products in the country. According to preliminary calculations, crude oil inventories in the United States fell by 4.1 million barrels, while analysts expected growth rate at 1.2 million barrels. Stocks of diesel fuel for the past week fell more than 4 million barrels, which also turned out to be significantly better than forecasts of experts, finally, gasoline stocks for the reporting week fell by 3.2 million barrels, while analysts expected a decline of only 100 thousand barrels. The outcome of trading on Tuesday was expressed about twelve breakout price range, with quotes of "black gold" are very close to the April annual maximum. Given tuned to buy oil futures, investors, analysts of "REAL Invest.kz" expected soon to establish new annual highs. - troy ounce of gold a second session to a series in ten-dollar range, while trading volumes have dropped by several times compared with the average value. It is noted as an important fact that the cost of "noble metal" is held above the level of $1,350. Likely investors took short pause, and today, after the official release of the outcome of the Fed meeting could change significantly. - Forex market traders are waiting for today's events, which directly affects the dynamics of the major currency pairs, which trades in recent sessions, it seems completely lost their meaning. However, if the euro, has once again returned to the importance for him the mark of 1.40, the British pound showed similar to gold prices dynamics, changing up to the sessions of less than 0.01%. Nevertheless, the currency pair GBP/USD remains at levels eight-month high. Analysts of "REAL Invest.kz" noted that the most attractive stories among the shares of Kazakh companies are RD Kazmunaigas, Kazakhtelecom and Halyk Bank. Especially attractive look and EP Kazakhtelecom, as both companies are very strong balance sheet with low debt burden, the EP's net debt at all negative, i.e. cash flows of the company exceed liabilities. Besides their business generates more free cash flow, which allows them to pay a very solid dividends. Dividend income on preferred shares of KMG and Kazakhtelecom is 6-8% and 3- 4% of ordinary shares. Shares of these companies are traded much cheaper than the shares of similar companies in other emerging markets. This material is for informational purposes and is not an offer or recommendation to perform any transaction in securities. Agency IRBIS is not responsible for the opinions expressed in this material. [2010-11-03]