Market comment

Market comment



5 серпня 2014 года
Конкорд Капитал

Investors kicked off the week extending their selloff of Ukrainian equities on Monday, August 4. The WIG Ukraine Index of Warsaw-traded stocks decreased 0.2%, deepening its loss streak to four sessions at a 4.6% drop. Its biggest component, grain trader and sunflower oil maker Kernel (KER PW), slid 1.0%, or 1.8% in two sessions. Traders took their profit from farmer Industrial Milk (IMC PW -2.6%), which jumped 3.9% in the prior session. Coal Energy (CLE PW +3.1%) has risen 9.9% in three straight positive sessions. Outside the Index, oil & gas explorer Serinus Energy (SEN PW -10.7%) has plunged 16.8% in four straight declining sessions to its lowest price since its May 2010 debut after parliament hiked its royalty payment.



In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN) improved 0.6%. Investors extended their selloff of oil & gas producers because of the hiked royalty. Regal Petroleum (RPT LN -9.8%) has collapsed 24.7% in three sessions to its lowest price since its September 2002 IPO. Cadogan Petroleum (CAD LN -9.8%) has lost 15.3% in three sessions while JKX Oil & Gas (JKX LN -9.3%) has plunged 18.9% in four straight losing sessions to its lowest price since September 2003. Traders scooped up Europe’s top egg producer Avangardco (AVGR LI +5.0%) after it dropped 6.0%. In Frankfurt, investors 7continued dumping their shares of Mriya Agro Holding (MAYA GF -20.3%) after its reported debt problems, which reached its lowest price since January 2010. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 0.2%, or 2.4% in three straight losing sessions, weighed down by power generator Donbasenergo (DOEN UK -1.5%).

Источник: Конкорд Капитал

Аналитик: Максим Слободской
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