Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 19, 2012

/IRBIS, January 19, 2012/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 19, 2012. Analysts of BCC Invest JCS note the following events on international markets today: - On Wednesday, January 18, trading on exchanges in Asia and the Pacific started in different directions near the neutral point. The market was dominated by the correction mood following the rapid growth of the previous days. However, the message that China's monetary authorities reduce the reserve requirements for individual financial institutions of some provinces has brought to market some optimism about further easing of monetary policy. As a result, the major stock indexes in Asia and Oceania closed in different directions - the Korean KOSPI composite index and the stock exchanges in Mainland China decreased, respectively, at 0.02% and 1.56%, while the Australian ASX200, NIKKEI255 Japanese and Hong Kong Hang Seng rose, respectively, at 0.05 %, 0.99% and 0.30% - Trading on the Kazakhstan Stock Exchange opened with a moderate rise in the index KASE. However, in the afternoon, the sale of individual stocks has led to a decrease in the index of Kazakhstan. The deals were signed only on the shares of three names of the 7 included in the representative list KASE. As a result, KASE Index decreased by 0.33% to 1,163.60 points. The total volume of transactions in shares on KASE is 1, 157.5 million tenge, and the shares of index KASE - 54.8 mln. The largest volume of transactions fell on common shares of SAT & Company - 543.7 million tenge. - In Russia, trading on the MICEX and RTS opened in negative territory for corrective mood, as a strong resistance level of 1500 points is quite close, and U.S. $ & P500 index before could not be fixed above the level of 1300 points. However, with the arrival of positive news from Europe attempts to continue growth in the Russian stock exchanges resumed. As a result, the main stock indexes of Russia closed with increase: Ruble MICEX index rose by 0.50%, while dollar RTS - at 0.82%. - Trading in Europe opened in negative territory. Significant macroeconomic statistics on this day in Europe was not published and the market participants' attention was focused on the auction on placement of medium-and short-term government securities in Germany and Portugal, which were successful - the rates continue to decline accommodation. Investors also reacted positively to the news that the IMF intends to engage additional $ 500 billion to finance anti-crisis program. At the same time negotiations with international creditors by the authorities in Greece have not yet led to a clear a clear result. As a result, Europe's main stock indexes finished the day in different directions near the neutral mark: France's CAC40 fell by 0.15%, while the British FTSE100 and the German DAX30 rose, respectively, at 0.15% and 0.34%, while the composite index of "blue chips" Euro Stoxx 50 fell at 0.25%. The single European currency has strengthened somewhat. - In the U.S., the trading opened near the neutral point. Prior to the opening of trading data on the volume of industrial production for December have been published, which, being slightly worse than expected, yet showed an increase of this index compared with the previous month. Statements of American banks were mixed: the profit Goldman Sachs Group Inc. US Bancorp and exceeded analysts' forecasts, while State Street Corp figures and, especially, Bank of New York Mellon Corp disappointed investors. However, shortly after the opening of trading stocks on U.S. exchanges rushed up, and at what point in the 1,300 points on the S & P500 was again overcome, but this time the "bulls" were able to consolidate above this level. The leaders of growth stocks of companies were financial and technology sectors. As a result, U.S. stock indices closed higher by 0.78 - 1.53%. - This morning the stock indexes in Asia and Oceania, and futures for U.S. indices are rising. - The focus of attention will be drawn to placement of government securities auctions in Spain and France, as well as publication in the U.S. data on the number of weekly applications for unemployment benefits and to build new homes in December. - Reporting season continues - today Bank of America Corp., Morgan Stanley, Freeport McMoRan Copper & Gold, and others, after the close of trading - IBM, Google Inc., Microsoft Corp., Intel Corp., American Express Co. and others 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 236 320 +35.59 Neutral KKGBp 145 157 +8.28 Neutral Halyk Bank HSBK 195 Review Bank CenterCredit CCBN 251.45 333 +32.43 Buy Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz EP RDGZ 13,650 15,900 +16.48 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 21,500 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. [2012-01-19]