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Monday, January 17, 2011

Daily Market Brief

Market Comment

Ukrainian equity markets closed the week with a significant downturn. The UX exchange lost 1.22% Friday (Jan. 14), on a total trading volume of UAH 175 mln. Metals and mining stocks extended losses: ALMK -3.52%, AZST -2.48%, YASK -2.48%, ENMZ -2.28%, AVDK -0.97%. Prices were also notably lower for Ukrsotsbank (USCB -1.72%), GenCos (CEEN-1.61%, ZAEN -1.58%), and Ukrtelecom (UTLM -1.33%). Other liquid stock posted minor losses under one percent.

On international markets, Regal Petroleum (RPT LN +6.54%) soared, while Cadogan Petroleum (CAD LN -1.16%) and JKX Oil & Gas (JKX LN -0.62%) slid. Both Ferrexpo (FXPO LN -0.61%) and MHP (MHPC LI -0.9%) shed some points by the end of the session. In Warsaw, Astarta (AST PW +4.12%) starred, Kernel (KER PW -1.25%) crumbled and Agroton (AGT PW -0.26%) took a shallow dip.


Fixed Income: Kiev eyes UAH 2.4 bln in foreign borrowings in 2011

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