Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on December 21, 2010

/IRBIS, December 21, 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 21, 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 indexes have finished the last trading session mostly with growth of quotations. On the background of a lack of publications macro statistics, market participants on Monday to win back the decision of the European policies regarding the necessary changes to the Lisbon Treaty in order to assist needy countries in the region do not contradict the laws of the Euro zone. Experts believe that such a decision can be both positively and negatively affect the markets, because most of the players since the end have not yet set for itself how to react to this decision. In general, the last session was held at the modest speed, but most of the Western indices managed to hold onto positive territory. Playgrounds of Europe closed the day with an increase in 0.34 percentage points-0.52 percentage points, the U.S. Dow Jones and S & P 500 closed on Monday: the first - a decline to 0.12%, the second - growth of quotations on 0.25%. Today in the United States is also expected to yield important statistics; the most important in Europe will be published by GFK consumer confidence index in the UK. - Site emerging markets were closed on Monday opposite changes of the indices. The growth of political tension around the Korean peninsula connected with holding exercises in the disputed territories of South Korea on the one hand and rising energy prices, against the backdrop of the worsening weather conditions in Europe - on the other hand - the factors that led to the emergence of uncertainty in regional players. Three of the four sites BRIC countries on the session closed lowering of quotations, and only China's Shanghai Composite, falls during the previous sessions, on Monday, corrected for 0.25%. Today's premarket for areas of emerging markets is neutral, the Asian indices started a moderate increase in quotes. - trading in futures contracts for delivery of a barrel of oil on Monday opened a sales and by mid-session decline of quotations of "black gold" of more than 1%. However, in the second half of the day stepped up the bulls, and the last three hours the cost of a barrel of oil has risen slightly less than 2%, finished the day at $ 89.7. The main reason that prompted the players to buy securities of commodity assets were expectations of growth in energy demand against the backdrop of adverse weather conditions observed in the U.S. and Europe. The current oil price level is the highest in the last 2.5 years, which may act as an additional driver for shopping, as well as for profit-taking players on the background of the approaching Christmas holidays. - the price of gold on the basis of past trade added about $ 2 an ounce, ending the session at around $ 1,387 an ounce. Consolidation Quotes "precious metal" apparently reached its peak, yesterday's intraday Range barely exceeded $ 5, which is normally a rare indication for managed to become volatile dynamics of trades' troy ounce. Overall, a very moderate growth in the second half of the last trading day is due, according to the "REAL Invest.kz", only some of the weakening U.S. dollar. - the two major currency pairs market Forex, EUR/USD and GBP/USD, finished trading on Monday without any visible changes, and the first pushed off from the mark of 1.31, while the British pound managed to fight off a major psychological level at around 1.55 . Trading on the forex market is also characterized by low levels of volatility, which in general has been provided by some news time trouble. Today's session also does not imply any surprises, perhaps the dynamics of currency pairs, as well as stock and commodity platforms, please do not especially active market participants. 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. [2010-12-21]