Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on December 9, 2010

/IRBIS, December 9, 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 9, 2010. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - the main area of the U.S. and Europe completed the trading session on the environment differently. European players, after several days of growth in a row during yesterday's trading mostly flat profits. An additional factor for sales in the U.S. and Europe were fears of market participants concerning the likelihood of monetary tightening by monetary authorities of China in the near future. At the same time, the more significant sales of players abstain against the publication of data on the volume of industrial production in Germany, whose growth in the last month exceeded analysts' expectations at a level of 1% to 2.9%. Session in the U.S. were relatively volatile character - right after the opening half-point increase, quotes, major U.S. indexes have gone into correcting some of the same magnitude, but the publication of half-yearly report of the Institute for Supply Management (ISM), which states that the pace of U.S. economic recovery will accelerate in the next year to ensure completion of trading in the U.S. in positive territory. Up to the day the Dow Jones and S & P 500 rose 0.12% and 0.37% respectively, the latter was closed just below $ 1,230 items. Today in Germany will be published data on the consumer price index, analysts expect the figure for the end of last month rose by 0.1% in the U.S. in addition to data on unemployment, will be published statistics on consumer confidence. - Site emerging markets finished the previous trading session significantly lowered. Prospects for an early tightening of monetary policy by the Chinese authorities, as well as the correction of the primary areas - all very negative impact on the mood of the regional players. Additional pressure on the course of trading on the floors of the countries with developing economies had correction of European indices. Today's premarket sites for emerging markets are regarded as a neutral platform Asia began trading multidirectional changes in the indices. - Oil prices, after a small correction on Tuesday, following the last session increased by about 1%, closing just below $ 89 per barrel. Weekly statistics on the level of oil and petroleum products in the United States on Wednesday carried an ambiguous character, so if crude oil inventories fell by 3.8 million barrels against analysts' expectations of reductions in the level of 1.3 million barrels, the oil and diesel fuel on the contrary showed an increase in the first 2.1 million barrels, the second at 3.8 million barrels. Thus, this statistic does not have a material effect on the dynamics of bidding. An additional factor that supported the quotes of "black gold" made by some easing of U.S. dollar. - futures for delivery of ounces of gold, after an impressive fall on Tuesday, in the course of the past trades also opened more than a percent decline. Despite the fact that by the end of the session prices are "precious metal" have managed to almost completely neutralize the morning pep, talk about the imminent change of trend is in evidence. Analysts of "REAL Invest.kz" continues to believe that the quotes troy ounces of gold until the end of the year will be influenced by technical factors, which in the opinion of "REAL Invest.kz" will not allow To Exceed $ 1,500. - euro at yesterday's trading on the Forex market adjusted to 0.75%, and again tried to gain a foothold above the mark to 1.33. Despite the rather negative for the currency pair EUR/USD foreign background, technical factors suggest a possible breakout above a resistance level which emerged during the six weeks of decline. Probably, this fact will be some pressure on the Bears. - British pound after two unsuccessful attempts to take the mark of 1.58, the third attempt, undertaken in the course of yesterday's session, took a psychological level, to close at 1.58. The situation in terms of technical analysis, formed in the currency pair GBP/USD is very similar to the situation in the pair EUR/USD, and also with a certain degree of probability suggests a possible completion of a six downtrend. 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. [2010-12-09]