Market comment

Market comment



4 липня 2012 года
Конкорд Капитал

The Ukrainian Exchange’s rally extended into a third day on Tuesday with a strong 10.5% advance, finishing as the best returning equity index in Europe for the second day running according to Bloomberg. The rise again bested both the benchmark MSCI Europe (+1.2%) and MSCI Frontier Markets (+0.7%) indices. Global markets continued to be driven up by expectations that European central banks would easy monetary policy later this week in an effort to boost economic growth. All 10 locally traded blue chips posted gains, with five stocks up by over 10.0%. Metallurgy stocks were some of the best performers, with Alchevsk Iron & Steel (ALMK UK) +17.3%, Azovstal (AZST UK) +14.9% and Avdiivka Coke (AVDK UK) +13.6%. Warsaw’s WIG-Ukraine index also climbed yesterday, adding 2.8%. The biggest index movers were Agroton (AGT PW) +13.1%, Coal Energy (CLE PW) +11.9% and Astarta (AST PW) +8.2%. Most Ukrainian stocks trading in London also moved higher, led by JKX Oil & Gas’ (JKX LN) +8.9%.



Источник: Конкорд Капитал

Аналитик: Бред Вэллс
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