Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 5, 2012

/IRBIS, January 5, 2012/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 5, 2012. Analysts of BCC Invest JCS note the following events on international markets today: - On Wednesday, 04 January, the trading floors of Asia and the Pacific trading session started with major indices growing on the background of the regular publication of macroeconomic statistics indicating an increase in business activity in the region such as Australia, China and India. The leaders of growth were oil and metals companies. However, towards the end of trading optimism among market participants came to nothing, and as a result of trading day in Japan and Australia, where the indices finished the day higher by 1.24% and 2.11%, respectively, and stock indices of Korea, China and Hong Kong, where the auctions are completed later, declined by 0.49 - 2.00%. - The first auction on the Kazakhstan Stock Exchange in 2012 against the background of significant increase in stock prices and depository receipts on the eve of Kazakh companies in London began on a positive note, and, despite the decline in European stock markets in the afternoon, KASE index finally rose by 3.22%. The total volume of transactions in shares on KASE is 41.1 million tenge, and the shares of index KASE - 24.5 mln. - In Russia, trading on the MICEX and RTS also opened in positive, helped by high oil prices. However, in the afternoon under the influence of pessimistic sentiment that came from the West, the Russian stock indexes have lost the entire increase, and eventually finished the day near the neutral point. - Trading in Europe opened with moderate decrease, adjusting to the impressive growth of the previous two days. Did not add optimism to bidders and published macroeconomic statistics. Thus, the composite index of business activity Eurozone PMI at least grew up in December by 0.4 points compared with the previous month but remained below the level of 50.0 points at around 48.3 points. Despite the fact that the auction of 10-year sovereign bonds held in Germany in general, was successful, investors' concerns about the escalating budget crisis in Europe again came to the fore. Oil on the fire was poured by reports that the Spanish Government is seriously considering the question of seeking the assistance of the European Union and the IMF to finance the restructuring of banks in the country. That share of the banking sector in Europe, especially Spain and Italy, became leaders in the fall. As a result, Europe's main stock index finished the day decreasing by 0.59% - 1.67%. - Trading in the U.S. opened with decrease in the major stock indexes on the background of negative from Europe. However, data on growth in retail sales over the past week and the growth in car sales in December last year contributed to the resumption of purchases in the stock market. As a result, U.S. stock indexes, rebounding from intraday lows, reached positive territory. - This morning the stock indexes in Asia and Oceania are moving in different directions, futures for U.S. indices show a moderate decrease. - Today, in the focus of attention will be the auction on placement of sovereign bonds in France, as well as the publication of data on the number of weekly applications for unemployment benefits in the U.S. and the index of business in the ISM service sector in the U.S. 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 221.49 320 +44.48 Neutral KKGBp 142 157 +10.56 Neutral Halyk Bank HSBK 214.50 Review Bank CenterCredit CCBN 250 333 +33.20 Buy Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz EP RDGZ 14,100 15,900 +12.77 Buy Kazakhmys PLC GB_KZMS 2,300 2,440 +6.09 Hold ENRC PLC GB_ENRC 1,500 1,900 +26.67 Buy Kazakhtelekom KZTK 21,000 27,500 Review KZTKp 18,000 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. [2012-01-05]