Market Comment
Ukrainian equity markets experienced volatile trading on Friday (Mar. 4). While the PFTS managed to close in the black, the UX exchange slipped by 0.02%. Total equity trading volume on the UX amounted to UAH 196 mln. The impressive gain by Ukrtelecom (UTLM +3.82%) was not enough to keep the index afloat, as significant losses by metals and mining names (ENMZ -2.32%, AZST -2.03%, ALMK -1.67%, YASK -1.38%, AVDK -1.28%) took their toll. Meager losses came in for Ukrnafta (UNAF -0.17%) and Motor Sich (MSICH -0.4%). Banks ended the day with mixed results: Raiffeisen Bank Aval (BAVL +0.31%) made a slight advance, while Ukrsotsbank (USCB -0.73%) inched down. Among electricity generating companies, Zakhidenergo (ZAEN +0.59%) ended trading in positive territory, while Centerenergo (CEEN -0.01%) closed out flat.
In London yesterday (Mar. 8), JKX Oil & Gas (JKX LN +0.72%) managed to eke out a gain, while both Cadogan Petroleum (CAD LN) and Regal Petroleum (RPT LN) closed flat. Ferrexpo (FXPO LN -2.16%) experienced a notable drawback, while MHP (MHPC LI +1.84%) took a step up. In Warsaw, Agroton (AGT PW +1.01%) stood out among its Ukrainian peers, Kernel (KER PW +0.06%) could not make significant progress and Astarta (AST PW -0.57%) took a small tumble.
Fixed Income/Agriculture: Avangard reports upbeat financials for FY10
Metals and Mining: Azovstal deepens quarterly losses to $33 mln
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Wednesday, March 9, 2011
Daily Market Brief
Labels: Alternative Investments
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