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Market and Company News
27.12.2011 17:07 #

Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for December 26, 2011

/IRBIS, December 26, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for December 26, 2011.

Analysts of BCC Invest JCS note the following events on international markets today:

- Week starts on Asian sites was marked with mixed and multidimensional trends. Japan's stock index Nikkei225 was trading in positive territory, investors won back the positive U.S. data on consumer confidence, labor market and orders for durable goods, after the past weekend on 23 December, marking the birthday of the Emperor. The Shanghai composite indices and the Korean SCI 300 and KOSPI declined by an average of 0.6%. Trading day promised to be not so active as usual, as in connection with the celebration of Christmas was closing in Hong Kong, Australia, Europe and the USA. Finally, on Monday, December 26, trading in Tokyo closed down the growth by 1.0%, while the indices in China and Korea decreased by 0.6% - 1.0%.

- Trading on the Kazakhstan Stock Exchange in the growth of 0.8% on the index KASE. Turnover on the "blue chips" of the domestic stock market was only 14.7 million tenge, the total turnover of shares - 10,872.0 million tenge of which 5.4 billion tenge were made in common shares and preferred shares of "SAT & Company ".

- Russian MICEX and RTS closed the day with increase by 1.0% and 1.4%, respectively, helped by a positive close of trading in the U.S. Friday. Since the main European and U.S. stock exchanges were closed, the growth index occurred in very small volumes.

- This morning Asian indices went down by 0.4% - 1.3% on fears of slowing economic growth in Japan and reducing consumer confidence in South Korea.

- Today, in the focus of attention will be the publication of data on U.S. housing prices from S&P/CaseShiller for October and consumer confidence in December.

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        200    320     +60.00 Neutral
                  KKGBp       142    157     +10.56 Neutral
Halyk Bank        HSBK        208                   Review
Bank CenterCredit CCBN     251.45                   Review
Tsesnabank        TSBN        800  1,030     +32.43 Neutral
KazMunaiGaz EP    RDGZ     13,803 15,900     +28.75 Hold
Kazakhmys PLC     GB_KZMS   2,100  2,440     +16.19 Hold
ENRC PLC          GB_ENRC   1,490  1,900     +27.52 Buy
Kazakhtelekom     KZTK     19,400 27,500            Review
                  KZTKp    15,515  8,900            Review
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.

[2011-12-27]