Market comment



29 січня 2015 года
Конкорд Капитал

Ukrainian stocks offered investors big gains and losses on Wednesday, Jan. 28. The WIG Ukraine Index of Warsaw-traded stocks dropped 2.9%, weighed down by its biggest component, grain trader and sunflower oil producer Kernel (KER PW -2.4%). Its second-biggest component, sugar maker Astarta (AST PW), fell 3.6%, extending its loss streak to three sessions at an 8.6% drop. KDM Shipping (KDM PW) plummeted 21.9% while dairy producer Milkiland (MLK PW) jumped 9.2%, or 18.4% in two sessions. In London, Ukrainian natural gas producers drew demand, namely Regal Petroleum (RPT LN +18.2%) and JKX Oil & Gas (JKX LN +6.3%). The Ukrainian Exchange (UX) Index of Kyiv-trade stocks was unchanged, with the biggest mover being Kryukiv Railcar (KVBZ UK +3.0%).



On the fixed income side, the biggest moves were observed in Eurobonds maturing in 2015. The yield of Ukraine’s shortest sovereign bond (UKRAIN 09/15) jumped 9.6pp in the session to get closer to the 100% mark, finishing at 98.0% YTM. Metinvest’s shortest bond (METINV 05/15) advanced 1.9% in the session, which enabled its YTM to fall below 100% threshold crossed on Monday; its closing YTM was 97%. The session’s biggest gainer was the Avangardco bond (AVINPU 10/15), whose price increased 4.2% from Monday’s all-time low. Yet the bond’s YTM remained at a scary level of 135%. The shortest bond of coal and power giant DTEK (DTEKUA 04/15) fell to a record low 63% of par, yielding an incredible 251% to its maturity.

Источник: Конкорд Капитал

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