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Monday, November 15, 2010

Daily Market Brief

Market Comment

Ukrainian equity markets closed mixed Friday (Nov. 12) with the UX exchange adding 0.05% and PFTS declining 0.13%. The UX opened sharply lower on negative sentiment out of China, but rallied throughout the day to finish in the black. Trading volume was relatively high for a Friday at UAH 113 mln. Motor Sich (MSICH +1.99%) was the index’s heaviest contributor. Other gainers included Alchevsk Steel (ALMK +0.55%), Centerenergo (CEEN +0.11%) and Ukrnafta (UNAF +0.11%). Ukrtelecom (UTLM -1.48%) showed the weakest performance with Zakhidenergo (ZAEN -0.94%) following close behind. Banking (BAVL -0.76%, USCB -0.88%) and metals and mining shares (AVDK -0.15%, AZST -0.23%, ENMZ -0.46%, YASK -0.42%) also traded in negative territory.

Among Ukrainian stocks listed on the London Stock Exchange, only JKX Oil & Gas (+0.46%) managed to eke out a small gain. Ferrexpo (FXPO LN -4.22%) retreated after the previous day’s rally, Regal petroleum (RPT LN) lost 1.75% and MHP (MHPC LI) slid 0.61%. Stocks closed mixed on the Warsaw Stock Exchange: Agroton (AGT PW) and Kernel (KER PW) jumped 3.28% and 3.64% respectively, while Astarta (AST PW) declined 1.64%.

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