Market comment

Market comment



3 грудня 2014 года
Конкорд Капитал

Investors put the brakes on Kernel though other Warsaw stocks drew bottom-fishing on Tuesday, Dec. 2. The WIG Ukraine Index of Warsaw-traded stocks slid 0.4%, snapping a four-session hot streak during which it advanced 19.9%. Its biggest component, grain trader and sunflower oil maker Kernel, dropped 1.7%, ending its four-session win streak during which it gained 28.9%. Dairy firm Milkiland (MLK PW) skyrocketed 19.9% and farmer Agroton (AGT PW) surged 12.1%. Outside the index, investors continued dumping natural gas explorer and trader Serinus Energy (SEN PW -2.3%), which has declined 15.8% in five straight negative sessions after the Cabinet decided to extend its restriction requiring top gas consumers to buy from state firm Naftogaz.



The restriction has hurt even more the London-traded shares of JKX Oil & Gas (JKX LN) as they crashed 26.1%, or 39.3% in two sessions, to their lowest price since May 2003. Another firm that could suffer, Regal Petroleum (RPT LN), plunged 9.0%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks rose 0.9%, or 2.7% in two sessions, led by Yenakiyeve Steel (ENMZ UK +7.4%), which has advanced 10.3% in three straight positive sessions. Drastic prices changes occurred on the fixed income market, where 2018 bonds of Ukrlandfarming (UKRLAN) and DTEK (DTEKUA) lost 15% and 17% of their price, respectively, without clear reasons for such moves.

Источник: Конкорд Капитал

Аналитик: Максим Слободской
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