People Following Jon M Queen's Blog

My Latest Tweet @ Twitter.com

Monday, December 6, 2010

Daily Market Brief

Market Comment

Ukrainian equity markets opened higher on optimistic expectations Friday (Dec. 3); however, disappointing employment data out of the US led to the UX exchange stepping down a notch to end the day with a meager 0.23% rise. Total trading volume reached UAH 193 mln. Ukrtelecom (UTLM +2.25%) continued on its way up. Metals and mining stocks were among other top gainers, with Yasynivka Coke (YASK) shooting up 4.53%, and Azovstal (AZST) and Enakievo Steel (ENMZ) adding a solid 3.29% and 2.71% respectively. Only Alchevsk Steel (ALMK -1.05%) closed in the red. Most other top-tier names took on losses: Zakhidenergo (ZAEN) tumbled 4.08%, Ukrsotsbank (USCB) lost 1.13%, and investors continued to fix profit on Ukrnafta (UNAF -0.89%).

Ukrainian companies listed on international markets showed mixed dynamics. London-listed oil and gas stocks suffered notable losses. Regal Petroleum (RPT LN -10.29) saw its stock plummet as investors have lost faith in the company restoring licenses following the rejection of its legal appeal in a Ukrainian court. JKX Oil & Gas (JKX LN -2.25%), and Cadogan Petroleum (CAD LN -2.3%) slid. Ferrexpo (FXPO LN -0.43%) and MHP (MHPC LI -0.65%) chartered a minor downward course. In Warsaw, Astarta (AST PW-0.53%) closed in the red, while Agroton (AGT PW +3.23%) continued building up significant growth.


Politics: Ukraine gets a new Tax Code
Fixed Income: Green light for Naftogaz-Gazprom joint ventures

No comments:

Post a Comment

Carbon Trading Videos

Loading...