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Monday, February 21, 2011

Daily Market Brief

Market Comment

Ukrainian equity markets just managed to end trading in positive territory on Friday (Feb. 18). The UX exchange rose 0.05% on a hefty total equity trading volume of UAH 247 mln. Impressive gains by Ukrnafta (UNAF +3.5%) and Ukrtelecom (UTLM +1.71%) were primarily responsible for the index’s meager lift. Most liquid stocks came under selling pressure, with metals and mining names taking the most severe blows: AVDK -3.27%, ENMZ -2.13%, ALMK -1.86%, AZST -1.57%, YASK -1.55%. Minor losses were recorded by Motor Sich (MSICH -0.22%) and banks (BAVL -0.66%, USCB -0.65%).

In London, Regal Petroleum (RPT LN +2.04%) and Cadogan Petroleum (CAD LN -2.87%) took strides in opposite directions, and JKX Oil & Gas (JKX LN +0.54%) inched up. Ferrexpo (FXPO LN +2.98%) made an impressive hike and MHP (MHPC LI +0.51%) followed a few steps behind. In Warsaw, Astarta (AST PW +0.52%) closed in the black, while Agroton (AGT PW -0.64%) shed, but the real slump came in for Kernel (KER PW -6.01%).

GenCos: Donbasenergo reports net loss of UAH 148 mln in 2010
GenCos: Zakhidenergo reports net loss of UAH 187 mln in 2010