Market Comment
Ukrainian equity markets closed mixed Monday (Sep. 20). The UX exchange (+0.41%) slid soon after the opening bell, but managed to climb back into positive territory, spurred on by growth on global markets. Trading activity was sluggish with a total volume of UAH 58 mln. Yasynivka (YASK +1.04%) and Zakhidenergo (ZAEN +1.11%) were among the most prominent gainers, while Enakievo (ENMZ -1.15%) showed the weakest result. Raiffeisen Bank Aval (BAVL -0.18%) and Motor Sich (MSICH -0.14%) lost a fraction. Metals and mining stocks stacked on modest gains: ALMK +0.47%, AVDK +0.4%, AZST +0.72%. Other blue chips to have advanced included Centerenergo (CEEN +0.62%), Ukrnafta (UNAF +0.38%), Ukrsotsbank (USCB +0.6%) and Ukrtelecom (UTLM +0.14%).
Ukrainian stocks listed on international markets came under selling pressure Monday. Ferrexpo (FXPO LN) led the way down, losing 3.22%. In the oil and gas sector, Cadogan Petroleum (CAD LN) shed 2.38% and JKX Oil & Gas (JKX LN) dropped 0.31%. Regal Petroleum (RPT +0.92%) was the only Ukrainian name to close in the black. Food processing names in Warsaw reversed to losses: AST PW -1.43%, KER PW -0.45%.
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Tuesday, September 21, 2010
Daily Market Brief
Labels: Alternative Investments
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