Market comment

Market comment



3 вересня 2014 года
Конкорд Капитал

Inverstors kept shedding their Ukrainian stocks on Tuesday, Sept. 2. The WIG Ukraine Index of Warsaw-traded stocks slid 0.4%, extending its loss streak to eight sessions at an 11.7% plunge. The Index delved deeper into its lowest level since its December 2010 debut. Its biggest component, grain trader and sunflower oil producer Kernel (KER PW), dropped 3.1%, deepening its loss streak to four sessions at a 14.3% plunge. The stock’s price is close to its four-year low reached in March.



Investors dumped their shares of KDM Shipping (KDM PW -12.1%) after it released its second-quarter results. Car battery maker WESTA (WES PW -8.7%) delved deeper into its lowest price since its June 2011 IPO. KSG Agro (KSG PW) dropped 5.8% and dairy firm Milkiland (MLK PW -2.1%) has slid 9.8% in four straight negative sessions to its lowest price since its December 2010 IPO. The Index’s only positives were bottom-fishing for Coal Energy (CLE PW +14.5%) and sugar producer Astarta (AST PW +4.6%). Outside the Index, oil & gas producer Serinus Energy (SEN PW) fell 4.4%, or 4.8% in two sessions.



In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN), decreased 3.0%. Regal Petroleum (RPT LN) collapsed 14.3%, or 20.0% in two sessions. Europe’s top poultry producer MHP (MHPC LI) slid 3.5%, or 7.2% in five straight losing sessions, to its lowest price since June 2012. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks declined 1.4%, weighed down by Yenakiyeve Steel (ENMZ UK -6.7%).

Источник: Конкорд Капитал

Аналитик: Максим Слободской
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