/IRBIS, January 16, 2012/ - BCC Invest JSC has provided IRBIS with a survey of main events, market reviews and investment ideas for January 16, 2012.

Analysts of BCC Invest JCS note the following events on international markets today:

- On Friday, January 13, trading on exchanges in Asia and the Pacific began on a positive note after successful placement of GS of Spain and Italy the day before. However, on the mainland exchanges in Shanghai and Shengchen stock prices declined. The reason for the sales was evidence of a decline in foreign direct investment in China in December last year, and as a consequence, the reduction of the net international reserves of Bank of China. As a result, the major stock indexes in Asia and Oceania were closed by growth of 0.36% - 1.36%, the only exception being the composite index of stock exchanges in Mainland China CSI300, which fell by 1.68%.

- Trading on the Kazakhstan Stock Exchange opened with decrease in the index KASE. Later in the day the shares included in KASE index showed mixed trends: 4 - negative, 3 - positive. As a result, KASE Index decreased slightly by 0.31% to 1,165.77 points. The total volume of transactions in shares on KASE is 458.9 million tenge, and the shares of index KASE - 404.3 million tenge, which is much higher than normal average daily volume. The largest volume of transactions accounted for common shares of Kazakhtelecom - 382.8 million tenge.

- In Russia, trading on the MICEX and RTS opened near the neutral mark on the background of waiting for news from Europe. During the day, the dynamics of trading on Russian exchanges changed repeatedly. In the afternoon, the Russian stock index fell into negative territory after the publication of reports JPMorgan Chase & Co., which was worse than expected. The opening of trading in the U.S. did not support the Russian market. As a result, the main stock index closed decreasing Russia: Ruble MICEX index dropped marginally by 0.08% while the dollar RTS fell by 0.81%.

- Trading in Europe opened mostly with increase in the main indexes. Investors were under a positive impression of the successful results of auctions on placement of government securities in Italy and Spain, held the day before. In view of lack of significant news trading on European markets was calm, with no pronounced dynamics. After the publication of reports of JPMorgan Chase & Co. European stock indexes fell into negative territory. From the opening of trading in New York, sales have increased, but by the end of trading of the losses have been able to play. As a result, Europe's main stock index finished the day lowering by 0.11% - 0.58%, the composite index of "blue chips" Euro Stoxx 50 fell by 0.33%. Single European currency has also lost its value.

- In the U.S., trading opened with decrease on the main indexes. Investors were not pleased by published macroeconomic statistics and reporting of JPMorgan Chase & Co., which were worse than expected. Pressure on share prices, as well as commodities, provided rumors of a possible decrease by the agency S & P of credit rating of France and Austria, as well as some other European countries, which later proved to be true, but it happened after the close of trading. As a result, U.S. stock indexes closed lowering by 0.39 - 0.52%.

- This morning the stock indexes in Asia and Oceania, and futures for U.S. indices went down.

- Today, the focus of attention will be drawn to placement of short-term GS of France, which will be carried out after the decrease of the rating of the country by S&P.

- Exchanges in the U.S. today will be closed due to holiday "Martin Luther King Day."

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      198.50                   Review
Bank CenterCredit CCBN         243    333     +37.04 Buy
Tsesnabank        TSBN         729  1,030     +41.29 Neutral
KazMunaiGaz EP    RDGZ      13,800 15,900     +15.22 Buy
Kazakhmys PLC     GB_KZMS    2,400  2,440      +1.67 Hold
ENRC PLC          GB_ENRC 1,699.99  1,900     +11.77 Buy
Kazakhtelekom     KZTK      22,000 27,500            Review
                  KZTKp     18,050  8,900            Review
MREK              MREK       1,350  1,130     -16.30 Hold
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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.

[2012-01-16]