Market comment

Market comment



19 грудня 2014 года
Конкорд Капитал

Ukrainian equities remained in recovery mode on Thursday, Dec. 19. The WIG Ukraine Index of Warsaw-traded stocks rose 2.4%, or 4.0% in two sessions. Its biggest component, grain trader and sunflower oil maker Kernel (KER PW +3.7%), has advanced 6.1% in two sessions. Another top component, sugar maker Astarta (AST PW), improved 3.7%, or 4.0% in two sessions. KDM Shipping (KDM PW) plunged 8.2% to its lowest price since its August 2012 IPO. Outside the Index, natural gas explorer and trader Serinus Energy (SEN PW +4.5%) has advanced 16.7% in two sessions after plummeting 21.4% in five straight negative sessions.



In London, investors flocked back to egg producer Avangardco (AVGR LI), which surged 20.0% after plummeting 30.9% in two sessions. Bank of Georgia (BGEO LN) rose 4.7%, or 8.3% in three straight positive sessions. Iron ore miner Ferrexpo (FXPO LN) slid 2.5%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks increased 0.3%, or 7.3% in four straight positive sessions. At the lead has been Yenakiyeve Steel (ENMZ UK +4.1%), which has advanced 18.9% in two sessions.



Positive sentiment among investors spilled into Ukrainian sovereign and quasi-sovereign Eurobonds. Shorter government bonds (maturing before 2018) advanced 9.0%-12.5% in price, while longer bonds increased 5.0%-9.0%. The bonds of State Savings Bank (OSCHAD) were the top performers on the corporate side, increasing 10.6%-11.6% in one day. The eurobonds of State Export-Import Bank (EXIMUK) gained 3.5%-4.7%. The Eurobonds of private issuers were much less popular during the day, with top decliners being the 2015 bonds of leading Privatbank (PRBANK) and top energy holding DTEK (DTEKUA). The YTM of the latter bond has approached the 100% mark.

Источник: Конкорд Капитал

Аналитик: Максим Слободской
Другие обзоры рынка от Конкорд Капитал


Компании

все компании