Investors were in a bullish mood on Ukrainian equity markets Thursday (Nov.18) as global sentiment was lifted by hopes of an Irish bailout. The UX exchange grew 2.87%, boosted by gains in metals and mining shares. Trading volume reached an impressive UAH 195 mln. Alchevsk Steel (ALMK) hit a new high, skyrocketing 8.12%. Other names in the sector showed milder growth: AVDK +1.79%, AZST +4.27%, ENMZ +1.51%, YASK +2.04%. Motor Sich (MSICH +3.23%), Ukrnafta (UNAF +4.27%) and Ukrtelecom (UTLM +3.27%) also rose sharply. Banks (BAVL +2.22%, USCB +0.83%) and GenCos (CEEN +0.85%, ZAEN +2.71%) followed the general upward trend.
Ukrainian stocks listed on international markets showed mixed dynamics. Regal Petroleum (RPT LN) was the only name to close in the red – the stock price fell on concerns over the company’s licensing issues. JKX Oil & Gas (JKX LN +1.38%), Cadogan Petroleum (CAD LN +2.7%), MHP (MHPC LI +2.42%) and Ferrexpo (FXPO LN +0.88%) continued to gain ground. On the Warsaw Stock Exchange, Agroton (AGT PW) soared 3.03%, while Kernel (KER PW -2.83%) extended losses.
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