Market comment

Investors curbed their enthusiasm in trading on Tuesday, Feb. 25 after a new government failed to emerge to stem the financial erosion. The WIG Ukraine Index of Warsaw-traded stocks slid 1.5% on profit-taking, led by its biggest component, grain trader and sunflower oil producer Kernel (KER PW -3.3%). Investors also took their profit from car battery maker WESTA (WES PW -6.3%) and farmer Industrial Milk (IMC PW -5.1%). Some of the Index’s more thinly traded stocks continued to surge however, led by coal miner Sadovaya (SGR PW +18.7%), which has gained 68.8% in two sessions, and Coal Energy (CLE PW +9.8%), which has advanced 80.4% in four straight positive sessions. Outside the Index, Serinus Energy (SEN PW +0.1%) has improved 8.8% in three positive sessions. In London, traders took their profit from Regal Petroleum (RPT LN -10.0%) and egg producer Avangardco (AVGR LI -4.9%). JKX Oil & Gas (JKX LN -3.1%) has plummeted 9.1% in four straight losing sessions. The only riser in London has been real estate firm DUPD (DUPD LN +10.1%), which has surged 23.6% in three straight positive sessions.



Investors continued to pour into Ukrainian Exchange stocks as its Index rose 1.5%, extending its win streak to four straight advancing sessions at a 25.3% surge. The UX Index is at its highest level since September 2012. The gains were led by Raiffeisen Bank Aval (BAVL UK +5.5%), which has surged 40.8% in four straight positive sessions to its highest level since November 2011. Another top advancer has been Alchevsk Steel (ALMK UK +5.1%), which has risen 23.8% in three straight winning sessions after hitting its lowest level since its listing debut in March 2009. Oil producer Ukrnafta (UNAF UK +5.1%) has surged 39.6% in four straight advancing sessions to its one-year high. Investors cashed in on their gains from Yenakiieve Steel (ENMZ UK -7.3%).

Источник: Конкорд Капитал