Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 20, 2012

/IRBIS, January 20, 2012/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 20, 2012. Analysts of BCC Invest JCS note the following events on international markets today: - On Thursday, January 19, trading on stock exchanges in Asia and Oceania has started with increase of the major indices after growth of U.S. indices yesterday. Optimism of bidders was also gained from emerging signs of easing of monetary policy in China amid falling inflation expectations. The leaders of growth were the shares of financial companies and exporting companies, and manufacturers of semiconductors and computer parts. As a result, the major stock indexes in Asia and Oceania finished the day on the growth of 1.04% - 1.91%, with the exception of the Australian ASX200, which decreased slightly by 0.07%. - Trading on the Kazakhstan Stock Exchange yesterday was in different directions - 3 of 7 shares appearing on the representative list of KASE, declined, 3 - rose. As a result, KASE Index decreased by 0.25% to 1,160.72 points. The total volume of transactions in shares on KASE was a 469.9 million tenge, and the shares of index KASE - 49.6 mln. The largest volume of transactions fell on common shares of SAT & Company - 693.0 million tenge. - In Russia, trading on the MICEX and RTS opened in positive territory. However, shortly after the opening of trading after conquering the line of 1,500 points "bears" have attempted to play on the slide, hoping that these levels are strong resistance levels. But their attempt was not successful - successful results of placement of GS of France and Spain and the positive macroeconomic statistics from the U.S. played into the hands of the "bulls" who managed to gain a foothold above the designated level. As a result, the main stock indices of Russia closed with increase: Ruble MICEX index rose by 0.67%, while the dollar RTS - by 1.04%. - Trading in Europe opened near the neutral point. Further, in the course of trading investors reacted positively to the successful results of the placement of government securities in Spain and France - accommodation rates continued to decline, while demand from investors was high. Following the publication of positive macroeconomic statistics in the U.S. increased at European markets accelerated. As a result, Europe's main stock indexes have updated the local maxima and finished the day by the impressive growth to 0.68% - 1.96%, while the composite index of "blue chips" Euro Stoxx 50 rose by 1.86%. The single European currency continued to strengthen. - In the U.S., the trading opened near the neutral point. Prior to the opening of trading, data were published on the number of weekly applications for unemployment benefits, which fell to almost 4-year low. Inflation data for December, consistent with analysts' forecasts, and data from the real estate market, although it turned out worse than expected, failed to bring down the positive mood of market participants. Corporate reporting and did not disappoint investors. Shortly after the opening of trading shares on U.S. stock exchanges have continued to rise after fixing above the level of 1300 points on the S & P500. The leaders of growth over the shares of financial companies and technology sectors. As a result, U.S. stock indices closed higher by 0.36 - 0.67%. - After the close of trading in the U.S. reported IBM, Google Inc., Microsoft Corp., Intel Corp., American Express Co. and others - mostly better than analysts' forecasts. - This morning the stock indexes in Asia and Oceania, and futures for U.S. indices are rising. - In the center of attention - the publication of data on retail sales in December in the UK and sales of existing homes in December in the U.S. - Reporting season continues - today report Schlumberger Ltd, General Electric Co. and others. 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 231 320 +38.53 Neutral KKGBp 145 157 +8.28 Neutral Halyk Bank HSBK 197.80 Review Bank CenterCredit CCBN 244 333 +36.48 Buy Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz EP RDGZ 13,900 15,900 +14.39 Buy Kazakhmys PLC GB_KZMS 2,430 2,440 +0.41 Hold ENRC PLC GB_ENRC 1,650 1,900 +15.15 Buy Kazakhtelekom KZTK 21,630 27,500 Review KZTKp 17,900 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. [2012-01-20]