Volatile trading characterized Ukrainian stock markets yesterday (Mar. 14), as investors across Europe continued to size up the economic ramifications of the earthquake and tsunamis in Japan. The UX exchange (-1.29%) extended what has become a weeklong slide. Total equity trading volume came in at a moderate UAH 183 mln. Late session surges by Ukrnafta (UNAF +0.12%) and Ukrtelecom (UTLM +0.86%) were not enough to hoist the exchange into positive territory, as volume leader Motor Sich (MSICH -2.23%) weighed heavily on the market. Stirol (STIR -2.41%), GenCos (ZAEN -1.62%, CEEN -2.26%, DOEN -2.77%) and metals and mining names (ENMZ -3.1%, AZST -1.64%, YASK -0.95%%, AVDK -2.62%) dragged the exchange even deeper into the red.
In London, Ukrainian oil and gas producers reported mixed results, with Regal Petroleum (RPT LN +1.25%) and JKX Oil & Gas (JKX LN +2.54%) winning back the previous session’s losses, and Cadogan Petroleum (CAD LN -0.3%) shedding. Ferrexpo (FXPO LN +2.04%) continued its rise, while MHP (MHPC LI -2.36%) sunk deeper. In Warsaw, Astarta (AST PW -0.31%) and Kernel (KER PW -0.37%) slid, and Agroton (AGT PW +0.51%) made a slight turnaround.
Oil & Gas: Ukrnafta to consider share capital increase
