Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on December 6, 2010

/IRBIS, December 6, 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 6, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - Friday trading on the main market USA and Europe resulted in opposite changes of the indices. Expected on Friday yield important macroeconomic reports in the U.S. caused the first consolidation, and then the correction of European indices. For example, the unemployment rate in the United States, instead of analysts predicted no change, increased by 0.2% to 9.8%. In addition, the number of jobs created outside the agricultural sector was at 91 thousand less than the forecasts of specialists and was only 39 thousand new jobs. Finally, the average hourly rate in November remained unchanged, while analysts were expecting growth of at least 0.1%. According to the results of the day, the decline in the region amounted to 0.1-0.4%. According to the results of last week, the French CAC 40 rose 0.6%, Germany's DAX rose 1.4%, and Britain's FTSE 100 added 1.3%. Trades in the U.S., against the backdrop of the publication is not too optimistic data from the labor market opened last Friday, 0.3%-s decline, but by the end of trading session, indices adjusted above the opening level, finished the day a moderate growth rate quotes. As supporters of market factors that made publication of the index of business optimism in the services sector increased in November to 55 points. In addition, the actual decrease in production orders in October was less than forecast and amounted to 0.9%, while analysts expected a decrease in orders for 1.3%. According to the results of the day, Dow Jones and S & P 500 grew by 0.17% and 0.26% respectively. Finished the week for the U.S. index was more than successful, Dow Jones increased by 2.6%, S & P500 gained about 3%. - Site emerging markets on the basis of last week, mostly gaining market capitalization. Positives from the Western areas with a vengeance has been taken over by traders sites in developing countries, which provided good results for the five trading sessions. Since the Indian BSE and the Bovespa in Brazil rose 4.3% and 2.26, respectively, the Russian RTS gained 5.2% immediately, and only the Chinese SSEC, come under pressure soon began to tighten monetary policy authorities Celestial, following last week declined by about 1%. The dynamics of commodity areas, led to optimistic forecasts of analysts regarding the demand for primary assets in the next year, while also provided substantial support to the regional players. - quotations of "black gold" as a result of last week increased by more than 6%, setting a new yearly high at $ 89.5 per barrel. Total results of the last two weeks, gold prices rose by 10.1% from $ 81 to $ 89 dollars per barrel. The main reason for such dynamics, according to the "REAL Invest.kz", acted as the weakening U.S. dollar, the index is up to the second half of last week fell by 2.5%. Given the close proximity of the psychological mark of $ 90 per barrel, the likelihood of attempts to trigger the very short term on the assumption "REAL Invest.kz" high enough, at the same time there is a possibility beaten off quotes from the specified level. Beginning of the last spectacular rise in oil prices, which took place amid growing fears of market participants regarding the debt problems of the Euro zone countries are unlikely to budge any reasonable explanation, which significantly complicates attempts to predict the further dynamics based on fundamental and technical factors. - The cost of ounce of gold, at the end of last week increased by 3.9%, breaking the mark on Thursday, at $ 1,400. A few weeks earlier, analysts of "REAL Invest.kz" are predicted consolidation in gold prices to the end of this year, while leaving a fairly wide range for possible changes, limiting the upper level at $ 1,450 - 1,500 per ounce. Guess "REAL Invest.kz" about a small probability of capture in the outgoing year, the psychological level of $ 1,500, based on several factors, among which, the traditional year-end profit-taking by market participants and the uncertainty regarding the future solution to the situation with a budget deficit of peripheral countries in the Euro zone. - Regional European currency during the last week managed to fight off an important psychological mark of 1.30, which allowed her to adjust to 2.6%, and finished the week above $ 1.33 in. Positively on the dynamics of pair EUR/USD has affected not only a set of technical factors, but rather optimistic statements by the ECB, who promised the necessary support in the fast mode the remaining countries PIGS. Thus, the situation on the currency market at the moment is so uncertain that the end of the year we can expect a continuation of the strengthening euro and the renewed decline of the regional European currency against the backdrop of a possible increase in the dollar. In a sufficiently large degree can be determining levels of 1.40 and 1.30, intermediate, yo-yo, probably will make a mark 1.35. - British pound in the week, adjusted to 1.6%, pushed off from the mark of 1.55. In general, the overall situation in the pair GBP/USD at the moment so the situation is similar to EUR/USD, that all the possible scenarios described for the euro, applicable to the British pound. Nearest defining mark for the pair GBP/USD is the level at 1.60. 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. [2010-12-06]