People Following Jon M Queen's Blog

My Latest Tweet @ Twitter.com

Friday, December 10, 2010

Daily Market Brief

Market Comment

Ukrainian equity markets closed on an upswing Thursday (Dec 9). The UX exchange gained a solid 1.52% on a moderate total trading volume of UAH 161 mln. Motor Sich (MSICH) was definitely the center of attention – the stock soared 8.55%. Other top names to post notable gains included Yasynivka Coke (YASK+1.89%) and Alchevsk Steel (ALMK+1.37%). Remaining metals and mining stocks showed mixed dynamics with insignificant results. Ukrnafta (UNAF -0.16%) and Ukrtelecom (UTLM -0.29%) slid, banks (BAVL -0.37%, USCB -0.3%) dipped slightly, and GenCos (ZAEN, CEEN) closed flat.

Ukrainian companies on international markets showed widely mixed results. In London, Regal Petroleum (RPT LN +21.31%) made a steep recovery. Other oil and gas companies tacked on moderate losses: JKX LN -0.62%, CAD LN -1.16%. Ferrexpo (FXPO LN) kept its correction going with a 2.73% slide. MHP (MHPC LI) added to the previous session’s sharp decline with a 1.41% loss, as the company completed its GDR offering. In Warsaw, Astarta (AST PW) advanced 0.75%, Agroton (AGT PW) inched up 0.1%, and investors fixed profits on Kernel (KER PW -6.47%).


Fixed Income: BNP Paribas gains full control over UkrSibbank
Metals and Mining: Ferrexpo signs long-term agreement with JFE

No comments:

Post a Comment

Carbon Trading Videos

Loading...