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Market comment
The Ukrainian Exchange succumbed to global risk-off pressure for the second straight day, losing 1.5% on Thursday. Interest rate cuts in Europe and China yesterday failed to overcome fears that the outlook for these economies was worsening, sending equity markets around the world down. On the UX, eight of 10 local blue chips moved lower, with some of the biggest losses in the metals & mining sector: Yenakiieve Steel (ENMZ UK) -4.6%, Azovstal (AZST UK) and Avdiivka Coke (AVDK UK) -4.0%. Polish equities bucked the larger global trend yesterday, with the WIG-20 rising 1.1% and WIG-Ukraine index up 1.0%. Five of the 10 WIG-Ukraine index components were in the green, led by KSG Agro (KSG PW) +5.5% and Industrial Milk Company (IMC PW) +3.1%.
Источник: Конкорд Капитал
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