People Following Jon's Blog

My Latest Tweet @

Thursday, February 24, 2011

Market Comment

Ukrainian equity markets sank lower Wednesday (Feb. 23). The UX index dropped 1.32% on a total trading volume of UAH 210 mln. Whopping downfalls by Centerenergo (CEEN -3.38%), Alchevsk Steel (ALMK -3.18%) and Ukrsotsbank (USCB -3.1%) were primarily responsible for the index’s drop. Raiffeisen Bank Aval (BAVL -0.99%) added to the drag. Motor Sich (MSICH -2.53%) continued a trend of sharp decline. Steelmakers Azovstal (AZST -0.86%) and Enakievo Steel (ENMZ -1.06%) kept their losses at a moderate level. Coke producers closed mixed: Yasynivka Coke (YASK -1.51%) deepened its fall, while Avdiivka Coke (AVDK +1.27%) lunged forcefully into the black. Following days of growth juxtaposed to the index’s negative trend, Ukrtelecom (UTLM -0.61%) recorded a meager loss. Ukrnafta (UNAF +0.58%) defied the market once again, and Zakhidenergo (ZAEN +0.85%) turned positive side up.

In London, a positive result came in for Regal Petroleum (RPT LN +1.33%), while Cadogan Petroleum (CAD LN -2.56%) kept rolling downhill and JKX Oil & Gas (JKX LN -0.33%) lingered just below the flat line. Ferrexpo (FXPO LN -3.48%) came under severe selling pressure and MHP (MHPC LI -1.34%) intensified it recent loss dynamics. In Warsaw, Astarta (AST PW +0.74%) emerged from the previous session’s slump, while Kernel (KER PW -0.44%) slid, and Agroton (AGT PW -2.06%) swallowed a red pill.

Oil & Gas: Ukrnafta shareholders to appoint western CEO

1 comment:

  1. is a universal outsourcing resolution which endows with excellent job listing for best career opportunities. Here you can find all kinds of jobs including Trading Technology Jobs, management jobs, Quant Developer Jobs, Capital Markets Developer and Capital Markets Jobs.

    For more information,visit our site :