Market comment

Market comment



9 грудня 2014 года
Конкорд Капитал

Ukrainian equities sunk deeper into their lows on Monday, December 8, particularly natural gas stocks. The WIG Ukraine Index of Warsaw-traded stocks declined 1.0%, weighed down by its biggest component, grain trader and sunflower oil maker Kernel (KER PW -1.0%). The thinly traded shares of KDM Shipping (KDM PW) plunged 10.4%, while dairy firm Milkiland (MLK PW -5.5%) has plummeted 14.2% in three straight negative sessions. Farmer Industrial Milk (IMC PW) fell 4.8%, or 9.1% in three straight losing sessions, to its lowest price since its May 2011 IPO. Outside the index, natural gas explorer and trader Serinus Energy (SEN PW -1.5%) has collapsed 26.2% in nine straight losing sessions after the state tightened restrictions requiring top gas consumers to buy from state firm Naftogaz.



Also suffering from that restriction in London has been JKX Oil & Gas (JKX LN -13.7%), which has crashed 60.7% in six straight negative sessions to its lowest price since April 2000. Another gas stock, Regal Petroleum (RPT LN -8.9%), has fallen 11.1% in two sessions to its lowest price since its September 2002 IPO. Europe’s top egg producer Avangardco (AVGR LI -13.6%) has plunged 19.0% in two sessions to its lowest price since its April 2010 IPO. The most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN), slipped 0.5%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 1.1%, or 2.9% in three straight negative sessions. Alchevsk Steel (ALMK UK -3.4%) approached its ten-year low, having dropped 8.1% in five straight losing sessions.

Источник: Конкорд Капитал

Аналитик: Максим Слободской
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