Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on December 7, 2010

/IRBIS, December 7, 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 7, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - major indexes finished the Western past trading day multidirectional change quotations. In the absence of publication of any significant news, traders were influenced by the reduction of Hungary's sovereign ratings by rating agency Moody `s two steps with one hand and the statements of Minister Mr. Bernanke about possible increases in aid the U.S. economy, in particular through a new program of buying bonds. The dynamics of trading in Europe, with the opening up to the end of the trading day wore mixed, however, besides the French CAC 40, which quotes only slightly decreased, European indices finished the session on moderate growth of quotations. Yesterday's trading in the United States was characterized by a sharp decrease in volatility - Intraday Range was limited to 0.2% of movement. Following the session, Dow Jones and S&P 500 were noted a moderate decrease in quotations - the first at 0.17%, the second at 0.13%. From the macroeconomic data, publication of which is scheduled for today, celebrate the release of data on industrial production in the UK - analysts predict the growth rate at 0.25%, and data on manufacturing orders in Germany - experts believe that up to October index showed an increase of 2%. - Site emerging markets on the basis of trading on Monday closed down in different directions. The uncertainty of the Western a player passes to traders from the sites of emerging economies, and identifies the four BRIC was noted by opposite changes of the indices. For example, if a majority of the indices on the basis of four days have shown reductions, the Russian RTS Index managed to add about 1.5% to overcome the psychologically important resistance level at around 1,700 points. Today's premarket sites for emerging markets is considered "REAL Invest.kz" moderately negative, the Asian indices started the day in different directions change quotations. - Oil prices, after 8 days of growth, which resulted in the price of a barrel of oil brand "WTI" has grown more than 11%, setting a new two-year high at around $ 90, in the course of the past trading "took a pause," consolidated throughout session in a very narrow range. Given the optimism of market participants, due more to the end of the year, we can assume continued growth in oil prices, with a fairly high probability, provided confident breakout level of $ 90 per barrel. At the same time, namely the level of resistance is located at around $ 90 a barrel could cause a correction of quotations of "black gold". - The cost of ounce of gold, meanwhile, set a new world record, adding during the last session of the order of 0.8% and reaching a level of $ 1,423. The main driver for growth of quotations of precious metal "for the past few weeks, in our opinion are a factor in the depreciation of the dollar. At the same time, analysts of "REAL Invest.kz" are still believed that the psychological level of $ 1,500 per ounce by the end of the year will not be taken. - reduction of Hungary's sovereign ratings agency Moody `s became the cause for the reduced currency pairs are EUR/USD and GBP/USD at the opening, but closer to the second half of the day quotes euro and the pound has stabilized, which enables us to complete the day with minimal losses. Given that the future prospects for both currency pairs are currently quite vague, "REAL Invest.kz" refrains from making any predictions until at least some certainty. Noted only that the next support and resistance levels are located at elevations 1.35 -1.30 for the pair EUR/USD and at elevations 1.55 - 1.60 for the currency pair GBP/USD. 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. [2010-12-07]