Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on December 11, 2011

/IRBIS, January 11, 2011/ - JSC Finance Company REAL Invest.kz (Almaty, REAL Invest.kz) provided to IRBIS overview of major developments in Kazakhstan and the world markets on January 11, 2011. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - major U.S. and European indices trading results on Tuesday once again, as the previous day, closed lower bids. The problem of budget deficits, a number of Euro zone countries entirely obsessed with the market participants in the New Year, who believe that all events that will occur in the financial market in 2011, will somehow relate to this issue. Most analysts believe that, after Greece, Ireland, Portugal asks for help, followed by Spain, which, in the first place, would create considerable problems posed by the question where to get the necessary funds for Europe's politicians, and secondly, can ultimately undermine the confidence of participants market of the Euro zone. At the same time, to start the other day corporate reporting season in the United States intended to dilute the situation somewhat. According to trade in Major European indexes fell in the range of 0.47% - up to 1.61%. U.S. site launched with 0.7% decrease, but throughout the trading day observed upward correction of quotations and the completion of the session last with minimal relative to the starting position, losses. Dow Jones fell by 0.32% to close at a level of 11,637 points, S & P 500 on the trading results adjusted by 0.14% and finished the day at around 1,269 points. After the completion of the U.S. session was published corporate report Alcoa, traditionally opens reporting season, according to which earnings per share were 0.21 cents. - trading on the floors of emerging markets on Monday ended differently. The final session, during which trading on the floors of the BRIC countries have passed without the participation of Russia's RTS, ended the growth of the Brazilian Bovespa for the first time in the last 3 sessions and a reduction of Indian BSE and the Chinese SSEC. At the same time, today's premarket for emerging markets in our view quite positive, which is due to publish a report not bad Alcoa. - quotes a barrel of oil in the past trading after several volatile sessions at the beginning of the year, took a short break, virtually unchanged in value. As a result of the last session, the value of a futures contract for delivery of a barrel of oil has risen by slightly more than 0.2% to $ 89.3. From the perspective of technical analysis, quotes the "black gold" despite the slump in the early years, still remained in the semi-annual upward trend, with the current values of the quotes are in close proximity to the level of support. - did not show excessive activity, and the troy ounce of gold, the grown-up to past trading at 0.22%. At the same time, note the important fact that the quotations of "precious metal" were able to finish the session above the psychological mark of $ 1,375 per ounce. Given the fact that the sample is an important support level "bears" can not now more than a week, analysts of "REAL Invest.kz" are feel quite likely possibility of rebound in the short term. - currency pair EUR / USD, after a little less than four-percent reduction of quotations, following the last session, slightly adjusted, fighting off competition from the 1.29 mark. At the same time, regional growth rate of European currencies was relatively modest - only about 0.29%, which probably tells what happened - nothing more than a short term correction. - British Pound, who is in the last few sessions in a narrow price range, at the end of trading on Monday virtually remained at the opening and finished the day at around 1.55. 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. [2011-01-11]