Russia (bbabo.net), - The situation in Kazakhstan directly affected the country's stock market. Based on the results of the last year, the market of Kazakhstan became one of the world leaders: the KASE index grew by 37%. With the beginning of trading in January, a collapse began, which, with small stops, continues to this day. Since the beginning of the month, the Kazakhstan market has lost more than 200 points, or about 6%. So far, investing in the country's stock market is more suitable for sophisticated investors with an increased appetite for risk, analysts say.

Quotes of key companies fell both on the stock exchange of Kazakhstan and in London, especially shares of the National Bank, although at the moment the decline can be called moderate in terms of scale, there is no strong exodus of investors from the securities, says Natalya Malykh, head of the FG FINAM shares analysis department. "Apparently, investors expect the situation to stabilize. It's too early to say whether this will become a new trend - it will depend on the course of the political situation," she said.

While investors are trying to get away from uncertainty, Valery Yemelyanov, an expert on the stock market at BCS World of Investments, emphasizes. "Kazakhstan's market in many ways resembles Russia's: oil and gas and mining companies, as well as banks, dominate. If you look at KASE's dynamics for five to ten years, you can easily see similarities with the Moscow Exchange index," he notes.

But now both markets are not in the best shape: Russian - because of geopolitics (with expensive oil, it has been declining for the second week in a row), Kazakhstani - because of domestic politics. "At moments like this, only experienced speculators dare to invest. If you are a beginner, it is better to look for quieter ideas: in bonds or broad funds that are not related to the CIS markets," Yemelyanov advises.

If you are ready for risk, then the most affordable way to invest in Kazakhstan is an ETF on the KASE index - FinEx FFIN Kazakhstan Equity, the analyst says. "This is a whole portfolio, it is traded under the ticker FXKZ, like a common share. In addition, investors from Russia have access to Kazakh shares traded in London, for example, Kazatomprom, the largest uranium producer in the world, and Kaspi, the largest Internet company in the CIS (now a little more expensive than Yandex)," says Yemelyanov. In general, due to the dominance of the fuel and energy sector, the Kazakh market is now well positioned, Malykh adds.

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