Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for July 4, 2011

/IRBIS. July 4, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for July 4, 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, dynamics of quotations of most stocks included into KASE index, will be neutral, and KASE index will end the day with moderate increase. Analysts of JSC "BCC Invest" expect the following developments on kazakhstani market today: - Inflation in Kazakhstan in June 2011 was 0.3%. Prices for food products and paid services for the past month increased by 0.2%, non-food - by 0.7%. - Prices of manufacturers of industrial products in June 2011 decreased by 3.4%. Price index of manufacturers of industrial products in June compared to May 2011 amounted to 96.6%. Manufactured products fell by 3.6%, prices of production services remained unchanged. Lower prices were seen in the mining industry by 4.8%, manufacturing - by 0.7%. According to the JSC "BCC Invest", decline in inflation in June was due to seasonal factors and met the expectations of market participants Analysts of JSC "BCC Invest" expect the following developments on international markets today: - No important publications of the Russian economic statistics are expected. - In UK at 14:30 (AST) to be published data on the PMI index of business activity in the construction sector, the volume of loans granted for the re-mortgages, as well as in the coming days, is expected to publish an index of house prices Halifax. At 14:30 (AST) to be published data on the Eurozone index of investor confidence from Sentix, and at 15:00 (AST) - Producer Price Index. - July 4 U.S. trading floors will be closed in observance of Independence Day. No publication of important economic statistics is expected. 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 321.50 415 +29.08 Hold Bank CenterCredit CCBN 500 608 +21.60 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 3,500 +9.38 Hold ENRC PLC GB_ENRC 1,852.01 2,200 +18.79 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. [2011-07-04]