Market reveiws and recommendations of Financial Company REAL INVEST.KZ (Kazakhstan) analysts on March 4, 2011

/IRBIS, March 4, 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 March 4, 2011. JSC Financial Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market: - It should be noted that on the eve of the trading session in the U.S. closed down a slight increase in the index, despite the negative international background, caused by the worsening conflict in Libya. On Thursday, as stock markets in Europe and Asia, by contrast, is observed positive dynamics of the quotes on a background of favorable corporate and macroeconomic news. At the opening of stock trading in the U.S. is expected to increase the leading index. Positive background is the stabilization of oil prices. They declined slightly (up to $ 115 per barrel. By brand Brent), which may positively affect the quotes of U.S. automakers General Motors and Ford. However, such news might affect the oil sector, particularly in oil and gas stocks ConocoPhillips, Exxon Mobil and Chevron, and Halliburton oilfield services, and Schlumberger. Trades in Europe on March 3 began growth of leading indexes against positive corporate news. Have submitted their statements of the company showed better results than analysts had expected, which added optimism to investors. Very positively influenced the market correction in oil prices. On the eve of oil prices on the markets once again updated their maximum values over the past two and a half years, but by the end of Thursday's session, the cost of the nearest futures for Brent crude oil fell by 1.6% - up to 114 dollars per barrel. As a result, much of the session on European stock exchanges were observed buying. By the end of the day European indexes slightly adjusted, but manage to stay in the positive zone. - Despite the political instability in the Middle East and rising commodity prices, emerging markets were closed growth. At the same time, this time its position partially played most sagging this week index of Turkey ISE INATIONAL 100 (+2.94%). Followed by the Brazilian BOVESPA (+1.28%), closes the same list index of mainland China SHANGHAI SE and the Russian RTS (+0.18%). - Price of Brent oil was fixed at 114.79. The current dynamics in the prices of the deals is largely due to technical selling of oil futures to lock formed on the eve of profits. Following the auction on the eve of oil prices on the exchanges has once again updated their maximum values over the past two and a half years, having increased over the past two trading days (02 and March 1, 2011) by an average of 4.7%. - On the spot precious metals market in London spot gold price in relation to her morning fixing on Thursday, the price remains the second consecutive day above 1,416 dollars per ounce. And repeated the historical high reached the previous day. - As a result of Thursday's Euro retains high position, to close at 1.39. The main catalyst is the strengthening of macroeconomic positions and growth of European markets. 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. [2011-03-04]