Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for December 22, 2011

/IRBIS, December 22, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for December 22, 2011. Analysts of BCC Invest JCS note the following events on international markets today: - On Wednesday, December 21, stock markets in Asia and Oceania have opened with sharp rise on the background of good economic data in Germany and the USA, published the day before. As a result, the major indices in the region rose from 1.5% to 3.1%, except for the index of mainland China CSI300, which fell by 1.6%. - Trading on the Kazakhstan Stock Exchange closed the day with a moderate rise of 0.2%. Turnover on the "blue chips" was low and amounted to 20.3 million tenge, and the total turnover of shares - only 64.1 mln. - Beginning of the trading day on the Russian stock market was marked by an attempt to continue to grow, but the deterioration of the background of Europe, over a three-year allocation of credits among ECB STB, led to the fall of indices RTS and MICEX. As a result, the Russian site closed down with decrease of 1.0% -1.8% on major stock indexes. - In Europe, an attempt to continue to grow against positive close of trading in the U.S. was also taken. Then, the main stock indexes in Europe descended into the "red zone", apparently, investors still were alerted by the size of the auction on placement of the ECB's 3-year loans. As a result of placing the European banks have attracted 489 million euros, although it was expected (according to Bloomberg), the demand would be slightly less than 300 billion Investors embraced the news as a negative signal, as it turned out that the banks needed more liquidity, which in the current time is perceived quite painful. As a result, European stock indices ended the day lowering by 0.6% - 1.0%. - U.S. stock indexes started the day in negative territory. Apart from the controversial auction of the ECB, the pressure on trading, particularly in "high tech" stocks, had corporate reporting of software developer Oracle Corp, who failed to meet expectations of investors. In the afternoon there was farming on the trading, which, to some extent, allowed diluting the morning decline. As a result, trading in the U.S. closed with mixed dynamics, the S & P500 index grew by 0.2% and the NASDAQ fell by 1.0%. - This morning Asian stock indexes decline on average by 0.7% and futures on U.S. stock indexes are also traded in the negative, decreasing by 0.3%. - Today, in the focus will be the publication of data on U.S. GDP, applications for unemployment benefits and consumer confidence. 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 192.60 320 +66.15 Neutral KKGBp 142 157 +10.56 Neutral Halyk Bank HSBK 210 Review Bank CenterCredit CCBN 251.45 Review Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz EP RDGZ 13,380 15,900 +18.83 Hold Kazakhmys PLC GB_KZMS 2,130 2,440 +14.55 Hold ENRC PLC GB_ENRC 1,499.99 1,900 +26.67 Buy Kazakhtelekom KZTK 17,500 27,500 +57.14 Buy KZTKp 13,000 8,900 -31.54 Sell MREK MREK 1,350 1,130 -16.30 Hold -------------------------------------------------------------- The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. IRBIS Agency doesn't take responsibility for the opinions which are in given material. [2011-12-22]