People Following Jon's Blog

My Latest Tweet @ Twitter.com

Tuesday, February 22, 2011

Daily Market Brief

Market Comment

Ukrainian equity markets remained in the black Monday (Feb. 21). The UX exchange rose 0.16% on a sizable equity trading volume of UAH 231 mln. For a second straight session, the minor index gain was attributed to the dynamics of a few stocks, namely the continued swell of Ukrnafta (UNAF +2.81%) and the stark turnaround by Alchevsk Steel (ALMK +3.04%). Other names to close above the flat line were Ukrtelecom (UTLM +0.6%) and Centerenergo (CEEN +0.24%). Coke producers (AVDK -3.59%, YASK -2.79%) slid a steep slope. Azovstal (AZST -2.58%) and banking sector stocks (USCB -2.09%, BAVL -1.74%) tumbled severely. Zakhidenergo (ZAEN -1.53%) and Enakievo Steel (ENMZ -1.15%) declined at a more moderate pace, and Motor Sich (MSICH -0.14%) stopped just short of a positive outcome.

In London, Regal Petroleum (RPT LN -1%) and Cadogan Petroleum (CAD LN -0.59%) shed, while JKX Oil & Gas (JKX LN +0.9%) inched up. Ferrexpo’s (FXPO LN -3.32%) correction overrode previous gains, and MHP (MHPC LI -0.26%) dropped slightly. Some dramatic results were demonstrated in Warsaw: Astarta (AST PW -4.15%) took a severe blow, while Kernel (KER PW +5.24%) shot back up to regain a bulk of the previous session’s losses. Agroton (AGT PW +0.96%), on the other hand, recorded a humble advance.


Banks: Ukraine’s banks improve operations in January
Real Estate: TMM boosts net revenue 34% Y-o-Y for 2010