Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on December 2, 2010

/IRBIS, December 2, 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 2, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - bidding for major European and American markets after three days of closed reduction of a substantial increase. The past trading session proved to be unexpectedly rich on the yield of positive news that for the first time in a long enough periods allowed the return of optimism to the markets. Thus, the data were published, showing an increase in November of business activity in industry in China, the euro zone, Germany and the UK. In addition, the head of the ECB Mr. Jean- Claude Trichet hinted that his bank might consider buyout of distressed debt issued by EU countries, which instantly reduced the rate of return on the debt market and has strengthened the euro. We were pleased with and macroeconomic statistics from the U.S.: ADP reported an increase in the number of new jobs in the country by 11 thousand, against the predicted reduction of 24 thousand addition, the 0.7% increase in November, construction costs, and the Institute for Supply Management (ISM) - announced a reduction of business activity index in sphere of services the U.S. in November 2010 by 0.3 percentage points - Up to 56.6 points. Positive character and was "Beige Book" The Fed, according to which the growth rate the world's largest economy growing. As a result of the day, major indexes in Europe have added to 1.6% - to 2.7% in the U.S. Dow Jones and S&P 500 closed down accordingly increase by 2.27% and 1.64%. Today in the United States will be published data from the secondary housing market in Europe will come a number of indicators of changes in inflation. - Indices of sites emerging markets finished the trading session environment steady growth of quotations. Developing countries have emulated throughout the last week in a large amount of negativity from their Western counterparts, during yesterday's trading were already under the influence of the Western positive, which reinforced the output of a whole package of positive statistics in Asia. Up to the day the site emerging markets recorded significant growth of quotations, Russia's RTS index on Wednesday closed by growth of 2.8%. Today's premarket for developing countries is characterized as positive Asian indices started the day with a steady growth of quotations. - U.S. Department of Energy on Wednesday announced a week-long rise in stocks of crude oil to 1.07 million barrels of 359.69 million barrels in gasoline stocks for the period rose by 0.6 million barrels and were 210.2 million barrels. However, despite the not very positive report of the Ministry, the quotations of "black gold" have added more than 2%, closing the session at $ 86.5 per barrel. Earlier it was noted that over the past two months, the dynamics of the price of gold for the second time is beyond the influence of the total external background, which greatly impedes the further prognosis. Against this backdrop, analysts of "REAL Invest.kz" are merely states rise in oil prices a little less than 7% over the last 6 sessions. - troy ounce of gold, after more than an aggressive growth in the medium during the last session took a break, reconsolidated most of the trading day and virtually unchanged from its results. An additional factor that contributes to a certain hesitancy of market participants, probably made a mark in $ 1 400 an ounce, after a few touches of which, the traders of the commodity markets began to actively record profits. Meanwhile, emerging from the medium-figure chart "head and shoulders, in the case of the completion of its formation may soon make a significant factor for new sales. Probability of such developments on the assumptions of "REAL Invest.kz" only slightly higher probability of imminent breakout level of $ 1,400. - currency pair EUR/USD, after seven days of continuous decline in the medium adjusted to 0.8%, amid falling value of the dollar due to the growth of stock and commodity areas. It is noted that in yesterday's correction of the euro was not only technical but also a fundamental basis, which acted as a statement by ECB President Trichet Against this background, it is likely that correction of the euro may take some time, moreover, there is some probability of a complete change Trends of in case of a proposal by the authorities Euro zone drastic measures to solve the accumulated problems. - British pound, on Tuesday, during the last session took a break, consolidated in an unusually narrow for a 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 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. [2010-12-02]