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Friday, December 24, 2010

Daily Market Brief

Market Comment

Ukrainian equity markets rose steadily on Thursday (Dec. 23). By the end of the session, the UX exchange had climbed an impressive 2.36%. Total trading volume came in at UAH 274 mln. Two stocks stood out on the day: Ukrnafta (UNAF) posted a monstrous 11.09% jump and Alchevsk Steel (ALMK) drove up by 8.33%. Gains of other blue chips were humble. Banks (BAVL +0.31%, USCB +0.64%) inched up, Yasynivka Coke (YASK +0,75%) made a slight advance, and Centerenergo (CEEN +0.14%) broke even. The rest of the board posted meager losses under one percent.

On international markets, both Regal Petroleum (RPT LN ) and Cadogan Petroleum (CAD LN ) closed flat, while JKX Oil& Gas (JKX LN +0.09%) showed a slight advance. Both Ferrexpo (FXPO LN -0.59%) and MHP (MHPC LI -0.87%) corrected. In Warsaw, Astarta (AST PW +2.34%) maintained an upward course, investors fixed profits on Kernel (KER PW -2.54%), and Agroton (AGT PW) closed flat.


Macro: Ukraine’s Parliament passes budget for 2011

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