Stock indices of emerging markets by results of November 29, 2011

/IRBIS, November 30, 2011/ -Following the results of the auctions on November 29, values of indexes of share platforms of developing countries (Emerging Markets) have made: ------------------------------------------------------- Change (in %) for ------------------------ beginning Hist. Nov 29 1 day* 1 month of 2011 maximum** ---------- --------- ------ ------- --------- --------- MerVal 2,452.04 +1.07 -18.68 -32.42 3,664.82 PFTS 593.64 +0.32 +5.54 -39.90 1,208.61 RTS 1,466.36 -0.60 -8.94 -18.64 2,487.92 MICEX 1,454.67 -0.79 -4.71 -15.13 1,969.91 BSE Sensex 16,008.34 -0.98 -10.09 -22.14 20,893.57 Bovespa 55,299.76 -1.28 -7.08 -20.96 73,516.82 MSCI EM 909.48 +0.80 -9.96 -21.83 1,338.49 KASE 1,097.67 +0.50 -7.73 -35.48 2,876.17 ------------------------------------------------------- * rows sorted in descending order a day ** historic maximum for the whole history of index calculation Stock indices of emerging markets on Tuesday ended the day with multidirectional changes. Support was provided by the expectations of investors for positive news from Europe - 29 November in Brussels, the meeting of finance ministers of the euro area opened, on which the principles of the European Financial Stability Fund (EFSF) were discussed, as well as provision of the next credit tranche of Greece. Also, support was provided by the growth of consumer confidence in the U.S., calculated by Conference Board, in November 2011 to 56 points from the revised figure for October of 40.9 points. Analysts had expected less significant increase up to 44 points. However, pressure was put by statements of Fitch and Moody's rating agencies. In particular, the international rating agency Fitch Ratings affirmed the highest credit rating of AAA by the U.S., but lowered its rating outlook to "negative." Fitch analysts noted that the decrease in rating outlook was due to reduced confidence in the fact that U.S. lawmakers are able to take timely fiscal measures needed to keep the American economy on a sustainable basis. "Contribution" was also made by the international rating agency Moody's, which stated that it might downgrade subordinated liabilities rating of 87 banks in 15 EU countries, amid fears that governments do not have enough money to save the holders of the riskier bank debt in the event of a crisis. In particular, the revision of the ratings could affect banks in Spain, Italy, Austria and France. European stocks on Tuesday mostly showed slight increase against the background of expectations of the outcome of the meeting of finance ministers of the euro area, as well as positive statistics from the U.S. A certain pressure was put by the outcome of placing government bonds of Italy with maturities of 3 and 10 years for a total of 7.5 billion euros. As a result of the auction yield on three-year notes rose to a record level of 7.89% against 4.93% at the previous floatation. Yields on ten-year government bonds also increased - up to 7.56% vs. 6.06% in October. Bovespa (IBOV Index) - the index of 50 stocks that are traded on the stock, commodity and futures exchanges in Sao Paulo, The index is calculated on the basis of changes in the theoretical portfolio of shares, Constituting 80% of the total trade over the past 12 months and at least 80% of the volume of trades of the day, BSE Sensex - the index based on a weighted average of the 30 most liquid stocks listed on the Bombay Stock Exchange (BSE), MERVAL Index - main index of the Buenos Aires stock market, calculated as the weighted average market value of a stock portfolio, selected according to their market share, number of transactions and value, PFTS Index - the index is calculated daily on the results of bidding Ukrainian PFTS stock exchange on the basis of weighted average price of transactions, The "index basket includes the most liquid stocks, which performed the greatest number of transactions, MICEX Ind - main index of the Moscow Interbank Currency Exchange, including the 30 most liquid stocks of Russian issuers, RTSI - Russia's stock market index Stock Exchange RTS, Calculated on the basis of 50 securities of most capitalized Russian companies, MSCI EM - a composite index of stock market capitalization of emerging markets areas, Since May 2005, includes the index values 26 developing countries: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Hungary, Egypt, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Thailand, Taiwan, Turkey and Venezuela, KASE Index - the index of the market shares of the Kazakhstan Stock Exchange, representative list of KASE index includes 7 shares, [2011-11-30]