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Thursday, October 28, 2010

Daily Market Brief

Market Comment

Ukrainian equity markets closed in the red on Tuesday (Oct 26). The UX exchange ended 0.14% lower in volatile trading. Activity declined – total volume came to UAH 78 mln. Ukrstosbank (USCB) and Zakhidenergo (ZAEN) were among the biggest laggards losing 1.23% and 1.09% respectively. Metals and mining stocks showed mixed dynamics: ALMK -0.35%, AVDK +0.31%, AZST +0.37%, ENMZ -0.26%, YASK -0.78%. As for other blue chips, Reiffeisen Bank Aval (BAVL -0.05%), Centrenergo (CEEN -0.06%) and Ukrtelecom (URLM -0.15%) lost a minor fraction, while Motor Sich (MSICH +0.53%) and Ukrnafta (UNAF +0.16%) added ground.

Ukrainian stocks listed on international markets closed mixed. Regal Petroleum (RPT LN -6.94%) reversed to losses, other oil and gas names also declined: CAD LN -1.16%, JKX LN -0.5%. Food processing stocks (MHPC LI +1.13%, AST PW +0.47%, KER PW +0.32%) enjoyed investors demand.

Ukrainian Eurobonds were under pressure during the entire session. Sovereigns significantly lost in price. Benchmark Ukraine’20 lost a point and landed at 101.25. Municipal issues traded down. CITKIE’15 closed at 93.25. Corporates also shed lower.


Macro: Total public debt rises to $51.1 bln in September

1 comment:

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