Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 17, 2012

/IRBIS, January 17, 2012/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 17, 2012. Analysts of BCC Invest JCS note the following events on international markets today: - On Monday, January 16, trading on stock exchanges in Asia and Oceania has begun on minor note, after reporting a decline on Friday by S & P of credit rating of France and Austria, as well as some other European countries. Concerns among investors led to the possible subsequent reduction of the credit rating of the European Stabilization Fund, as well as rumors that the negotiations on debt restructuring of Greece are at an impasse. The leaders of fall were bank shares, as well as exporting companies. As a result, the major stock indexes in Asia and Oceania were closed with growth of 0.87-2.03% - Trading on the Kazakhstan Stock Exchange, as well as on the previous day, opened with decrease in the index KASE, which until the end of the day failed to be played off. The leaders of the fall are the shares of the metallurgical sector. There was a correction in stocks of JSC Kazakhtelecom. As a result, KASE Index decreased by 1.56% to 1,147.53 points. The total volume of transactions in shares on KASE is 109.7 million tenge, and the shares of index KASE - 40.0 mln. The largest volume of transactions fell on preferred shares of Kazakhtelecom - 32.6 mln. - In Russia, trading on the MICEX and RTS opened in negative territory for the negative external background. Not add optimism to market participants and a message of lowering the credit rating agency Moody's outlook for Russia's sovereign credit rating from "positive" to "stable" despite the fact that the very rating was maintained at "BBB". However, successful results of offering short-term government securities in France and the relatively high oil futures quotes brought Russian stock indexes back into positive territory. As a result, the main stock indexes of Russia closed with increase: Ruble MICEX index rose marginally by 0.07% while the dollar RTS rose by 0.61%. - Trading in Europe opened with moderate decrease of the main indexes. Bidders negatively perceived message of reduce of credit rating of France, Austria and some other European countries by S & P, which took place on Friday after the close of trading on European exchanges. This entails automatic reduction in ratings of the European Stabilization Fund, which will increase the cost of raising capital. Oil poured into the fire also rumors that the negotiations on the terms of the restructuring of Greek obligations at an impasse. However, the successful deployment of short-term government securities in France - it was held at lower rates contributed to the resumption of purchases in the European markets. As a result, Europe's main stock indexes finished the day with decrease by 0.37-1.25%, the composite index of "blue chips" Euro Stoxx 50 rose by 1.01%. Several consolidated and a single European currency. - In the United States trading was not carried out- exchanges were closed due to holiday "Martin Luther King Day" - This morning the stock indexes in Asia and Oceania, and futures for U.S. indices are traded in the green zone. - Today, in the focus of attention will be auctions on placement of short-and medium-term GS of Spain and Greece, as well as music EFSF, and data on the ZEW index of business sentiment in Germany and the euro area in January, as well as data on the index of consumer prices in the euro area. - Reporting season continues - now McMoRan Exploration Co, Wells Fargo & Co and CitiGroup Inc are reporting. 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 229.98 320 +39.14 Neutral KKGBp 142 157 +10.56 Neutral Halyk Bank HSBK 193 Review Bank CenterCredit CCBN 253.82 333 +31.20 Buy Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz EP RDGZ 13,800 15,900 +15.22 Buy Kazakhmys PLC GB_KZMS 2,310 2,440 +5.63 Hold ENRC PLC GB_ENRC 1,640 1,900 +15.85 Buy Kazakhtelekom KZTK 21,470.01 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. [2012-01-17]