Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 6, 2012

/IRBIS, January 6, 2012/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 6, 2012. Analysts of BCC Invest JCS note the following events on international markets today: - On Thursday, January 5th, trading on the stock exchanges in Asia and Oceania opened with mostly decrease of the main indexes. The leaders of the fall were the shares of financial, technological and metallurgical sectors. Shares of software exporters, which the European market has a significant presence in sales, was down against the depreciation of the euro against the Japanese yen and Korean vone. Shares of the financial sector are under pressure in anticipation of this year's first auction of the French long-term sovereign bonds. As a result, stock indexes, Australia, Japan, Korea and mainland China finished the day lowering by on average 1%. Exception was Hong Kong's index Hang Seng, which at the end of trading session went up by 0.46%. - Trading on the Kazakhstan Stock Exchange opened neutrally, during the day stocks in the index KASE, showed mixed trends, but sales still prevailed. As a result, KASE Index decreased by 1.45%. The total volume of transactions in shares on KASE is 180.5 million tenge, and the shares of index KASE - 144.0 million tenge. The largest volume of transactions was noted for common shares of Kazakhtelecom - 71.1 mln. - In Russia, trading on the MICEX and RTS reopened positive, which again contributed to high oil prices. However, with the opening of trading in Europe, the Russian stock indexes moved into negative territory, and eventually finished the day lower. The leaders of the fall were the shares of financial and steel sectors. - Trading in Europe opened on minor note, amid reports that Spanish banks have to establish additional provisions against "bad" assets worth 50 billion euros. The shares of the banking sector also pressured additional placement of shares of the Italian bank UniCredit SpA, which was carried out on the eve of a significant discount to market price. Not pleased with the market participants and published macroeconomic statistics. For example, retail sales in Germany in November despite the forecasts of analysts suddenly showed a decrease in the second consecutive month, while industrial orders in the euro area in October showed growth below expectations of market participants. To top it all, the French auction of long-term sovereign bonds was not entirely successful - so, yields on 10 year bonds rose to 3.29% from 3.18% at an auction in December last year, and the ratio of demand to the proposal dropped from 3.1 to 1.6. As a result, Europe's main stock index finished the day was down 0.59 - 1.67%. Single European currency also updated local minima. - Trading in the U.S., as well as the previous day, opened with decrease in the major stock indexes on the background of negativity from Europe. However, data on growth in the number of those employees from ADP in December to 325,000, as well as reducing the number of primary applications for week of unemployment benefits to 372 thousand newly promoted the resumption of purchases in the stock market. Optimistic investors also added the publication of data on ISM index of business activity in December, which showed an increase of 0.6 points compared with the previous month to 52.6 points mark, well above the critical level of 50.0 points. As a result, U.S. stock indices, again rebounding from intraday lows, reached positive territory and finished the day with increase. - This morning the stock indexes in Asia and Oceania are falling, futures for U.S. indices show a moderate decrease. - Today, in the focus of attention will be the publication of data on unemployment in the euro area in November last year in the U.S. in December last year. 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 226 320 +41.59 Neutral KKGBp 142 157 +10.56 Neutral Halyk Bank HSBK 205 Review Bank CenterCredit CCBN 250 333 +33.20 Buy Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz EP RDGZ 13,628 15,900 +16.67 Buy Kazakhmys PLC GB_KZMS 2,190 2,440 +11.42 Hold ENRC PLC GB_ENRC 1,525 1,900 +24.59 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. [2012-01-06]