Market comment

Market comment



5 грудня 2013 года
Конкорд Капитал

The blockade of central Kyiv continued to weigh on Ukrainian equities in trading on Wednesday, December 4. The WIG Ukraine Index of Warsaw-traded stocks dropped 1.8%, extending its loss streak to 5.3% in three straight losing sessions. Investors extended their selloff of coal miner Sadovaya (SGR PW -18.0%), which has plummeted 35.9% in four straight losing sessions to its lowest price since its December 2010 IPO. Coal Energy (CLE PW -5.9%) has plunged 19.6% in three straight losing sessions to its lowest price since its August 2011 IPO. Farmer Industrial Milk (IMC PW -4.7%) has dropped 9.1% in three straight losing sessions since June. The Index’s most liquid stock, grain trader Kernel (KER PW -0.1%), has lost 5.8% in three straight losing sessions.



Local economic problems exacerbated by the blockade led to a selloff in real estate firm DUPD (DUPD LN), which plunged 10.4%, or 14.5% since November 26. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.7%, extending its losing streak to 6.1% over seven straight negative sessions. UniCredit’s Ukrstosbank (USCB UK -3.5%) has plummeted 13.6% since November 26. Outside the Index, Ukrtelecom (UTLM UK) jumped 5.7%.



Members of the Concorde Capital team will do their best to serve their clients during these tumultuous days in Ukraine while exercising their right to participate in peaceful demonstrations in central Kyiv.

Источник: Конкорд Капитал

Аналитик: Максим Слободской
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