Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for July 1, 2011

/IRBIS. July 1, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for July 1, 2011. The analysts expect positive opening of trading on KASE amid increase of prices of shares and depository receipts of Kazakhstani issuers in London the day before. During the day, following the forecast, certain players will try to fix income before the weekend, and KASE index will end the day near a neutral mark. Analysts of JSC "BCC Invest" expect the following developments on international markets today: - Russia is expected to publish data on monetary base in narrow definition, of fiscal balance in the contingency fund and fund of national welfare. - in some euro zone countries will be published data on the production index PMI. At 15:00 (AST) to be published data on the unemployment rate in the Eurozone. - in U.S. at 19:55 (AST) to be published data on consumer confidence from the University of Michigan at 20:00 (AST) - the volume of spending in the construction sector, and the ISM index on business activity in the manufacturing sector and a gradual acceleration of inflation . Analysts of BCC Invest JSC are giving the following advice for investors in securities of issuers in internal market: ------------------------------------------------------------- Closing Target Potential, Issuer Code price price % Recommen- dation ----------------- ------- ------- ------ ---------- --------- Kazkommertsbank KKGB 400 583 +45.75 Neutral KKGBp 188 196 +4.26 Neutral Halyk Bank HSBK 321 415 +29.28 Hold Bank CenterCredit CCBN 487.01 608 +24.84 Buy Tsesnabank TSBN 942.85 1,030 +9.24 Neutral EP KazMunaiGaz RDGZ 17,800 20,500 +15.17 Buy Kazakhmys PLC GB_KZMS 3,200 3,870 +20.94 Buy ENRC PLC GB_ENRC 1,950 2,550 +30.77 Buy Kazakhtelekom KZTK 19,550 Review KZTKp 9,200 9,300 +1.09 Hold MREK MREK 1,100 1,130 +2.73 Hold ------------------------------------------------------------- The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material. [2011-07-01]