Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on December 1, 2010

/IRBIS, December 1, 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 December 1, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - major U.S. and European indices finished the session the next lowering of quotations. Trades in Europe took place under the negative influence of published data on unemployment in the region. Thus, according to the report of the European statistical agency Euro stat, unemployment in the countries of the zone circulation of uniform European currency in October 2010 was 10.1%. Despite the fact that the published data coincided with forecasts of analysts, market participants who are currently under pressure from European fiscal and debt problems, sales force, rightly expecting a quick deterioration of the not good situation in the Euro zone. As a result, the return on debt of Spain, Italy and Belgium, once again showed substantial growth. Trades in the U.S. opened percent decline, however, published statistics on an index of business activity and the Chicago PMI consumer confidence index, which last month increased by 1.9 points and 4.2 points respectively, significantly outperforming the preliminary forecasts of experts, allowed by the middle of the trading day is completely neutralize a bad start. The emerging shape of technical analysis at the medium graphics, meanwhile, gets clearer negative contours, a smooth transition from the neutral "triangle" in directed pennant (flag). The level of support to the Dow Jones and S & P 500 focuses on marks 10,980 points and 1,175 points. - Site emerging markets have completed the past day trading in different directions. Indices of the developing countries most of the session were under pressure from negative sentiment western market participants, as well as against the rise in unemployment last month in Japan to the level of 5.1%. Nevertheless, Russia's RTS was able to end the day half-point increase, which contributed to good corporate report Lukoil. Today's premarket for emerging markets is characterized as a negative, traders from the Chinese site started the day with sales. - Oil prices, after four consecutive sessions of growth, which resulted in quotes of "black gold" rose by more than 5.5%, on Tuesday adjusted by more than 1%, and after failing to gain a foothold above the mark at $ 85 per barrel. Analysts of "REAL Invest.kz" noted that, nevertheless, do not quite understand the nature of rising oil prices the past one and a half weeks does not allow a sufficient level of probability suggests the completion of a sudden started uptrend is very likely that the fall of the last day - no more than a correction . Adds additional uncertainty of the situation yesterday's statement by representatives of the American Petroleum Institute (API), according to which, the reserves of "black gold" in the U.S. for the week decreased to 1.141 million barrels. Thus, the dynamics of oil prices once again came out from under the influence of macroeconomic factors, that the last time was observed in late October and led to more than 8% increase in quotes. - troy ounce of gold after the two-week lull, following the last session increased by 1.5%, closing at $ 1,390. Like time the explosive dynamics of prices, "precious metal" yet fully fit into the framework of our forecast that by the end of the year is expected consolidation quotes troy ounce. - currency pair EUR/USD during the session overcome a mark in 1.30, and despite the fact that the closing was held above the psychological level, most likely in the near future will continue to decline. On the 7 trading sessions, the regional European currency has fallen by more than 5%. - British pound during the last session fought off the psychological mark of 1.55, which is also likely to soon be overcome. The situation in the region remains bleak, suggesting an early increase in the level of reduction of quotations pair GBP/USD, has reached to this point 3%. 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 EP KMG and 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. [2010-12-01]