Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for December 28, 2011

/IRBIS, December 28, 2011/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for December 28, 2011. Analysts of BCC Invest JCS note the following events on international markets today: - Tuesday, December 27, on the trading floors of Asia there is a negative trend. Since the U.S. and Europe to celebrate Christmas, investors focused on domestic affairs, which, one way or another, carrying a negative charge. Thus, the Bank of Japan reported on the growing risks of an economic slowdown, South Korea experience decrease od consumer confidence index, while in China in November revenue growth rate of industrial companies decreased. As a result, the major Asian stock indices finished the day lowering by 0.5% - 1.3%. - Trading on the Kazakhstan Stock Exchange closed near the neutral mark of respect to the index KASE. Activity of participants of the market was at a fairly high level, in high demand were shares of JSC "Kazakhtelecom", so turn on the "blue chips" of the domestic stock market amounted to 73.9 million tenge, the total turnover of shares - 478.2 mln. - Trading on the Russian exchanges closed lowering amid uncertain external background. Once again, the sales leaders were shares of mining and metallurgical industry, more confident traded shares of oil and gas sector due to stable prices for "black gold". By the end of the day adjustments made ambiguous statistics from the U.S., and the auction finished the day lowering by 0.3% and 1.1% on the MICEX and RTS, respectively. - Trading in Europe opened in positive territory, but stability in the market was not observed, the indices were on "swing", going from plus to minus. By the end of the day in the U.S. contradictory statistics on house prices and consumer confidence were published, which led to unimpressive close of trading on European markets, near the neutral point. - U.S. stocks also finished the day near the neutral mark, however, in contrast to the dynamics of trading in Europe, in America there was a higher degree of oscillations due to the diverging statistics publications. Index S&P/ CaseShiller which is an important indicator of housing prices in the U.S. showed further fall in prices, but the consumer confidence in December was a pleasant surprise for investors, being at the level of March-April this year, when investors were not expecting worsening debt problems in the U.S. and Europe. Nevertheless, the positive finding was blurred by an equally impressive data from the Federal Reserve Bank of Dallas in production activity and further indices were moving mostly neutral. - This morning the stock indexes in Asia and Oceania decreased by 0.7% -1.0%, futures for U.S. indices traded went down by 0.2%. No publication of important macroeconomic statistics today is expected. - Today, trading on the European and American markets will be closed in observance of Christmas, as bidding closed on the stock exchanges of Australia and Hong Kong. Of the major macrostatistics analysts "BCC Invest" note the release of data on the unemployment rate in France in November. 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 205 Review Bank CenterCredit CCBN 243 Review Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz EP RDGZ 13,803 15,900 +15.19 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 20,000 27,500 Review KZTKp 14,920 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. [2011-12-28]