Market Comment
Ukrainian equity markets rose steadily on Thursday (Dec. 23). By the end of the session, the UX exchange had climbed an impressive 2.36%. Total trading volume came in at UAH 274 mln. Two stocks stood out on the day: Ukrnafta (UNAF) posted a monstrous 11.09% jump and Alchevsk Steel (ALMK) drove up by 8.33%. Gains of other blue chips were humble. Banks (BAVL +0.31%, USCB +0.64%) inched up, Yasynivka Coke (YASK +0,75%) made a slight advance, and Centerenergo (CEEN +0.14%) broke even. The rest of the board posted meager losses under one percent.
On international markets, both Regal Petroleum (RPT LN ) and Cadogan Petroleum (CAD LN ) closed flat, while JKX Oil& Gas (JKX LN +0.09%) showed a slight advance. Both Ferrexpo (FXPO LN -0.59%) and MHP (MHPC LI -0.87%) corrected. In Warsaw, Astarta (AST PW +2.34%) maintained an upward course, investors fixed profits on Kernel (KER PW -2.54%), and Agroton (AGT PW) closed flat.
Macro: Ukraine’s Parliament passes budget for 2011
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Friday, December 24, 2010
Daily Market Brief
Labels: Alternative Investments
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