Market comment

Market comment



10 лютого 2015 года
Конкорд Капитал

Ukrainian equities defied their slumping peers in London by drawing strong demand on Monday, Feb. 9. Iron ore miner Ferrexpo (FXPO LN), the most actively traded Ukrainian stock, surged 8.6%, extending its hot streak to six sessions at a 19.5% gain. Natural gas trader Regal Petroleum (RPT LN) jumped 13.3% while another trader, JKX Oil & Gas (JKX LN), advanced 7.8%. It has more than doubled in six straight winning sessions after a business group announced its interest in buying a large stake. Egg producer Avangardco (AVGR LI) rose 4.8%, or 9.5% in two sessions. Investors snapped a four-session win streak on the Ukrainian Exchange (UX) Index, which fell 2.0%. Its biggest weight was Yenakiyeve Steel (ENMZ UK -7.5%), whose operations were halted owing to surrounding warfare. The WIG Ukraine Index of Warsaw-traded stocks dropped 0.9%, or 2.3% in three straight losing sessions, pulled down by its biggest component, grain trader and sunflower oil maker Kernel (KER PW -1.6%). Dairy producer Milkiland (MLK PW) bounced 9.0% after plunging 11.9% in the previous session.



On the fixed income market, the only noticeable moves were observed in sovereign Eurobonds as the notes maturing in 2020 and 2021 advanced 2.4% in their price. Ukraine’s central bank continued its policy to converge its official hryvnia rate to the free market level. As a result of the regulator’s revision on Monday, the official hryvnia weakened another 7.3% in the day (and 35% in one week) to UAH 24.96/USD. On the free market, the hryvnia finally stabilized on Monday to close at a mid-market rate of UAH 25.35/USD.

Источник: Конкорд Капитал

Аналитик: Максим Слободской
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