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Tuesday, January 25, 2011

Daily Market Brief

Market Comment

Ukrainian equity markets traded in negative territory for most of the session Monday (Jan. 24). However, the UX exchange (+0.02%) managed to creep above zero just before the close. Total trading volume reached UAH 150 mln. Blue chips closing in the black were far and few between: Stahanov Car Production Facility (SVGZ +11.56%) singlehandedly pulled the index into positive territory and received only minor support from Alchevsk Steel (ALMK +1.76%), Ukrnafta (UNAF +0.25%) and Ukrsotsbank (USCB +0.02%). Losses for other liquid stock came in at under one percent with the exception of Zakhidenergo (ZAEN -1.5%).

In London, oil and gas names closed in the red: CAD LN -1.18%, JKX LN -0.48%. MHP (MHPC LI -1.05%) lost just over a point, while Ferrexpo (FXPO LN +1.24%) ended the day on a rise. In Warsaw, investors fixed profits on Kernel (KER PW -3.25%), Astarta (AST PW -0.46%) shed, and Agroton (AGT PW +1.97%) made a significant advance.


Fixed Income: Ukraine to add $100 mln to one-year notes
Metals and Mining: Alchevsk Steel to raise total monthly output in January

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