Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 18, 2012

/IRBIS, January 18, 2012/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 18, 2012. Analysts of BCC Invest JCS note the following events on international markets today: - On Tuesday, January 17, traded on exchanges in Asia and Oceania have begun on a positive note after successful placement of short-term T-bills in France, which took place on the eve of the announcement of reduced credit ratings by agency S & P. Growth on the stock exchanges in the region has accelerated since the publication of macroeconomic data in China. Thus, China's industrial output in December rose 12.8% year- to-year and the amount of real GDP in the 4th quarter of last year rose 8.9% year-to-year, though the worst figure for the last 10 quarters, but surpassed analysts' forecasts. The leaders of growth were the shares of commodity companies and exporting companies, as well as individual shares of the financial sector. As a result, the major stock indexes in Asia and Oceania were closed with growth of 1.05 - 4.90% - Trading on the Kazakhstan Stock Exchange, opened near the neutral point. However, in the afternoon under the influence of optimism in Western marketplaces individual stocks showed confident the upward trend. The leaders of growth were the shares of the metallurgical sector. As a result, KASE Index increased by 1.74% to 1,167.51 points. The total volume of transactions in shares on KASE is 141.5 million tenge, and the shares of index KASE - 55.0 mln. The largest volume of transactions fell on common shares of SAT & Company - 540.6 million tenge. - In Russia, trading on the MICEX and RTS opened with increase of the major indices on the wave of positive from Asia. Some impact on investor sentiment and had a relatively high quotations of oil futures. However, quotes of oil and gas companies were under pressure due to the reduction forecast by Fitch credit rating outlook on Gazprom from "positive" to "stable", but the rating at the same time was maintained at "BBB". The top gainers were shares of the metallurgical sector. As a result, the main stock indices of Russia closed with increase: Ruble MICEX index rose by 1.50%, while the dollar RTS - 1.44%. - Trading in Europe opened with increase of the major indices. Further, in the course of trading stock quotes support has published macroeconomic statistics. Thus, the rate of inflation in the euro area in December was within analysts' forecasts, and indices of sentiment in the business environment in Germany and the Eurozone as a whole from the ZEW increased in January compared with the previous month. At the same time auctions on placement of short-term T-bills in Spain also were successful. As a result, Europe's main stock index finished the day higher at 0.54-1.71%, the composite index of "blue chips" Euro Stoxx 50 rose by 1.49%. Single European currency has strengthened. - In the U.S., the trading was opened with increase of the main index on the universal wave of positive. Prior to the opening of trading presents report several companies: Wells Fargo & Co and McMoRan Exploration Co - better than analysts' expectations, Citigroup Inc - disappointing investors. The index of business activity in the industrial sector of the Federal Bank of New York "Empire Manufacturing" for January rose to 13.48 points and exceeded the expectations of market participants. However, towards the end of trading session, the major U.S. stock indexes lost much of the increase - to gain a foothold above the level of 1300 points on the S & P500 with the move failed. As a result, U.S. stock indices closed with increase of only 0.36-0.64%. - This morning the stock indexes in Asia and Oceania, and futures for U.S. indices are mainly rising. - Today, in the focus of attention will be auctions on placement of medium-and short-term government securities in Germany and Portugal, as well as the publication of data on industrial production in the U.S. for December last year. - Reporting season continues - today report Goldman Sachs Group Inc., Bank of New York Mellon Corp., US Bancorp and State Street Corp, after the close of trading - eBay Inc. 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 236 320 +35.59 Neutral KKGBp 150 157 +4.67 Neutral Halyk Bank HSBK 198 Review Bank CenterCredit CCBN 251.45 333 +32.43 Buy Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz EP RDGZ 13,800 15,900 +15.22 Buy Kazakhmys PLC GB_KZMS 2,467.50 2,440 -1.11 Hold ENRC PLC GB_ENRC 1,650 1,900 +15.15 Buy Kazakhtelekom KZTK 21,470 27,500 Review KZTKp 17,800 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. [2012-01-18]