Market reviews and recommendations of BCC Invest JSC (Kazakhstan) analysts for January 23, 2012

/IRBIS, January 23, 2012/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 23, 2012. Analysts of BCC Invest JCS note the following events on international markets today: - On Friday, January 20, trading on the stock exchanges in Asia and Oceania continued to rise after a fairly strong close on Thursday. Optimism of bidders was associated with decrease in the number of weekly applications for unemployment benefits in the U.S., which fell to nearly 4-year lows, and lower rates of placement on the GS of France and Italy. HSBC PMI index published for the production sector of China has lowered a little the enthusiasm of "bulls". In Asia, the indicator rose by 0.1 point to 48.7, remaining below the indicative mark of 50 points, however, kept a positive attitude, and the major stock indexes in Asia and Oceania finished the day with growth at 0.59% - 1.82%. - Trading on the Kazakhstan Stock Exchange on Friday again went in different directions - 2 shares of 7 members in the representative list of KASE Index increased, 3 - declined. At the end of the trading day KASE Index increased by 0.47% to 1,166.18 points. The total volume of transactions in shares on KASE is only 83.0 million tenge, and the shares of index KASE - 52.7 mln. The largest volume of transactions fell on common shares of KazMunaiGas ExplorationProduction - 19.6 mln. - In Russia, trading on the MICEX and RTS opened near the neutral point. But in the second half of the session "bears" have been able to play on the slide, although explicit precondition for this was not. Thus, the MICEX index lost 10 points, while lowering the cost of virtually all demonstrated a number of "blue chips" of the Russian market. As a result, the main Russian stock index closed with decrease: ruble MICEX index fell 0.83%, while the dollar RTS - 0.50%. - Trading in Europe opened with decrease in major stock indexes. Throughout the day the indices were mostly near the neutral mark, apparently confused by the PMI index investors in China, according to which the mood for one of the largest markets remains at moderately negative levels. Also, the course of trading was negatively impacted by sales data on the secondary housing market in the U.S., which led to a moderately negative close of trading in Europe. As a result, Europe's main stock index finished the day with decrease of 0.18% - 0.33%. The single European currency eased slightly. - In the U.S., trading opened in negative territory, helped by the weak results of Google Inc, published on the eve after the close of trading, and moderately negative external background. Further to the publication of data on sales of existing homes in the country, the indices have gone down even lower. Almost to the very close of trading indexes played daily losses due to good corporate reporting, IBM and Intel Corp. As a result, trading in the U.S. closed with increase of 0.07% on the S & P500 and 0.76% for the index of Dow Jones, where large share is occupied by papers of IBM, which grew at 4.43%. - This morning the stock indexes in Asia and Oceania are traded around the neutral mark, it should be noted that stock markets in Hong Kong and mainland Chinese celebrate Lunar New Year next 3 and 5 days, respectively. Futures on U.S. indices went down by 0.15%. - Today, in the focus of attention will be the publication of data on euro area consumer confidence, and placement of short-term notes in Germany and France. - Reporting season continues - today Halliburton Co reports. 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 243.43 320 +31.45 Neutral KKGBp 145 157 +8.28 Neutral Halyk Bank HSBK 196 Review Bank CenterCredit CCBN 244 333 +36.48 Buy Tsesnabank TSBN 865 1,030 +19.08 Neutral KazMunaiGaz EP RDGZ 13,750 15,900 +15.64 Buy Kazakhmys PLC GB_KZMS 2,450 2,440 -0.41 Hold ENRC PLC GB_ENRC 1,650 1,900 +15.15 Buy Kazakhtelekom KZTK 21,600 27,500 Review KZTKp 17,200 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. [2012-01-23]