Market Comment
Ukrainian equity markets saw sideways trading Monday (Oct. 11). The UX exchange shot up from the opening bell, but lost momentum to close only 0.25% higher. Total trading volume was thin at UAH 54 mln. Zakhidenergo (ZAEN) fronted blue chips’ gains, adding 1.07% on the day. Most metals and mining stocks (ALMK +0.26%, AVDK +0.07%, AZST +0.51%, ENMZ +0.32%) rose modestly in line with the broad market advance. Yasynivka Coke (YASK -0.34%) was among the few stocks to tally a loss. Centerenergo (CEEN +0.11%), Motor Sich (MSICH +0.23%), Ukrnafta (UNAF +0.35%) and Ukrtelecom (UTLM +0.24%) added a fraction. Banks (BAVL -0.09%, USCB -0.02%, FORM +0.37%) hovered around the flat line.
Ukrainian stocks listed on international markets closed mixed. Among oil and gas stocks, Cadogan Petroleum (CAD LN) slid 2.36%, JKX Oil & Gas (JKX LN) surged 2.5% and Regal Petroleum (RPT LN) traded flat. Ferrexpo (FXPO LN) and MHP (MHPC LI) added 0.75% and 0.93% respectively. In Warsaw, Astarta (AST PW) lost 1.54%, while Kernel (KER PW) posted a solid 1.08% gain.
Activity on the Ukrainian Eurobond market was limited yesterday due to the Columbus Day holiday in the US.
Fixed Income: Moody’s revises Ukraine’s rating outlook upwards
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Tuesday, October 12, 2010
Daily Market Brief
Labels: Alternative Investments
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