Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 9, 2012

/IRBIS, January 9, 2012/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 9, 2012. Analysts of BCC Invest JCS note the following events on international markets today: - On Friday, 06 January, trading on the stock exchanges in Asia and Oceania opened with decrease in main indexes. During the Asian trading session, futures of U.S. stock indices, industrial metals and oil were also falling. All this happened against the depreciation of the euro and the strengthening U.S. dollar, which has also resulted in reduction of prices and precious metals - gold and silver. The main reason for pessimism of bidders, as in previous days, were fears of an escalation of the budget crisis in Europe. As a result, stock indexes of Australia, Japan, Korea and Hong Kong finished the day lowering on average by 1%. The exception was composite index of stock exchanges in Mainland China CSI300, which by the end of trading session went up by 0.62%. - Trading on the Kazakhstan Stock Exchange opened on an optimistic note, later in the day the majority of shares in the index KASE, continued to show signs of progress. As a result, KASE Index increased by 2.65% to 1,154.49 points. The total volume of transactions in shares on KASE was 108.8 million tenge, and the shares of index KASE - 78.2 mln. The largest volume of transactions, as in previous days, have common shares of Kazakhtelecom - 34.0 mln. - In Russia, trading on the MICEX and RTS opened near the neutral point. Further, during the day, relatively high oil prices helped to raise the Russian stock indexes, which eventually closed the day with a moderate rise by 0.40% (MICEX), and 0.58% (RTS). The leaders of growth were the shares of oil and steel sectors. - Trading in Europe opened in different directions - while stocks of commodities rose, stocks of financial institutions declined. The published economic statistics has not pleased the bidders. For example, retail sales in the euro area in November decreased by 0.8% against the previous month and by 2.5% year-to-year and the unemployment rate in November remained above the level of 10% at 10.3%. Orders for manufactured goods in Germany in November, also showed reduction - by 4.8% against the previous month and by 4.3% year-to-year. The yield on sovereign bonds of Spain and Italy on the eve of auctions on placement this week rose sharply, forcing the ECB to conduct new intervention in the government bond market. Positive opening of trading in the U.S. has relaxed the situation on the European stock markets, but most European stock indexes still finished the day in negative territory. As a result, Europe's main stock index finished the day lower, with the exception of the UK FTSE 100 index, which rose by 0.45%. A single European currency has also updated the local minima, falling against the U.S. dollar below $ 1.27. - 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. Further, in the course of trading, the data on the growth of total employment in the private sector from the Department of Labor in December to 212,000, as well as a decline in the unemployment rate in December by 0.2 percentage points to 8.5% mark again contributed to the resumption of purchases in the stock market. However, investor optimism was not enough for a long time - to the end of trading on U.S. exchanges began to dominate sales. As a result, U.S. stock indices closed in different directions - Dow Jones Industrial Average 30 and S & P500 fell by 0.45% and 0.25%, respectively, while the NASDAQ Composite - rose by 0.16%. - This morning the stock indexes in Asia and Oceania, and futures for U.S. indices show moderate decrease. The exception is the composite index of stock exchanges in Mainland China CSI300, which is in positive territory. - Today, in the focus of attention will be the publication of data on industrial production in Germany in November last year, and auctions on placement of short-term government obligations in Germany, France and the United States. 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 239.99 320 +33.34 Neutral KKGBp 142 157 +10.56 Neutral Halyk Bank HSBK 203 Review Bank CenterCredit CCBN 242.10 333 +37.55 Buy Tsesnabank TSBN 800 1,030 +28.75 Neutral KazMunaiGaz EP RDGZ 13,750 15,900 +15.64 Buy Kazakhmys PLC GB_KZMS 2,250 2,440 +8.44 Hold ENRC PLC GB_ENRC 1,610 1,900 +18.01 Buy Kazakhtelekom KZTK 22,150 27,500 Review KZTKp 17,500 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. [2012-01-09]