Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on November 26, 2010

/IRBIS, November 26, 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 26, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - the major indexes in Europe on Thursday closed down the growth of quotations. The absence of a focus for most stock and commodity exchanges - the dynamics of the major U.S. indices - has caused a significant reduction in the activity of European players. In addition, the willingness of investors to stay out of the market was supported by the lack of macroeconomic statistics in the Euro zone. At the same time, namely decrease volume of trading has become one of the factors of a positive conclusion of the next session. Up to the day the French CAC 40 index rose 0.34% to 3,760.42 points, the German DAX - on 0.82% - to 6879.66 points, the British FTSE 100 - on 0,74% - to 5698.93 points . Today in Germany will be published detailed data on inflation in the country in the Euro zone, there are data on changes in the monetary aggregate M3. In the U.S. publication macro statistics today is not expected. - Site emerging markets were closed on Thursday in different directions. Positive closure of the West on the eve of the indices, it was already partly won back a majority of areas of emerging economies, resulting in early trading indexes of regional stock exchanges have shown volatile nervousness. At the same time, a discharge of the situation on the Korean Peninsula has reduced tension in the air. However, the unity of the site BRIC countries has not demonstrated, completing trades opposite changes of quotations. Today's premarket to regional areas is regarded more as a neutral, indexes of China started the day with lower bids. - Oil prices on Thursday remained virtually unchanged in value, while in the middle of the session was the attempt of the growth of quotations above the mark at $ 84, which ended in failure. Despite the low volatility and lower trading volumes that accompanied the dynamics of futures trading on the supply of oil barrel on Thursday, should mark the end of the session at a fairly high level - just below $ 84 a barrel. At the same time, from a technical point of view, practically formed a figure head and shoulders, which felt completely, will be held in the case of lower oil prices below $ 80. In this case, probably oil quotes will be expected to rapidly decrease at least to a level of $ 75. - troy ounces of gold over the past two sessions, as they say, over fulfilled our forecast of the dynamics, in the literal sense of consolidating in the $ 07.05 price range. With specific regard to the last session, the extremely low trading volumes were primarily due to a holiday in the U.S. At the same time as a whole, analysts are "REAL Invest.kz" still waiting for, by and large, the consolidation of the gold price until the end of the year. - Both major currencies of the Forex market during the last session showed no significant activity, have losses much of the day near the 1.33 level for the EUR/USD and 1.5750 for the pair GBP/USD. At the same time, the British pound, from a technical point of view clearly concluded annual upward trend, breaking the previous day at 1.5850 marks. Regional European currency, meanwhile, is still within the rising price range. 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. [2010-11-26]