Market comment

Ukrainian equities kicked off the new year with a strong performance on Thursday, Jan. 2. The WIG Ukraine Index of Warsaw-traded stocks improved 2.1%, extending its gains to 7.7% over four straight positive sessions. The gains were fueled by the Index’s biggest component, grain trader Kernel (KER PW), which surged 4.9%. Car battery maker WESTA (WES PW) jumped 5.0% and Industrial Milk (IMC PW) rose 3.9%. On the downside, Milkiland (MLK PW) plunged 5.0% and egg producer Ovostar (OVO PW) dropped 3.0%. In London, poultry producer MHP (MHPC LI) surged 5.6% and Regal Petroleum (RPT LN) improved 3.8%. Real estate firm DUPD (DUPD LN) slid 3.1%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks will reopen on Wednesday, Jan. 8.


Ukrainian stocks endured a dismal year of losses in 2013, with only a handful of exceptions, with the WIG Ukraine Index of Warsaw-traded stocks losing 23% of its value. Its biggest component, grain trader Kernel (KER PW), was plundered for 43% of its value and hit its lowest price in more than four years. Its other big decliners were Coal Energy (CLE PW), which plunged 89% to its lowest price since its August 2011 IPO; farmer Agroton (AGT PW), which plummeted 81%; coal miner Sadovaya (SGR PW), which dropped 74% to its lowest price since its December 2010 IPO; and car battery producer WESTA (WES PW), which lost 46% of its value to reach its lowest price since its June 2011 IPO. Three WIG Ukraine Index stocks finished in the green for year: KDM Shipping (KDM PW) gained 25%, sugar producer Astarta (AST PW) advanced 22% and egg producer Ovostar (OVO PW) improved 12%.



The most actively traded Ukrainian stock, iron ore miner Ferrexpo (FXPO LN), slid 24% in trading on the LSE. Regal Petroleum (RPT LN) plunged 61% and Cadogan Petroleum (CAD LN) dropped 28%. London stocks offered some gains too: Back of Georgia (BGEO LN) surged 134% to its highest price since its February 2012 listing, real estate firm DUPD (DUPD LN) rose 26%, poultry producer MHP (MHPC LI) gained 9% and egg producer Avangard (AVGR LI) improved 4%.



For 2013, the Ukrainian Exchange Index of Kyiv-traded stocks decreased 4%, with the losses led by Alchevsk Steel (ALMK UK -27%) and power generator Centrenergo (CEEN UK -25%). The top advancers were UniCredit’s Ukrsotsbank (USCB UK +45%), Raiffeisen Bank Aval (BAVL UK +32%) and power generator Donbasenergo (DOEN UK +30%). Outside the Index, Ukrtelecom (UTLM UK) plummeted 31 percent.

Источник: Конкорд Капитал