Market comment

Market comment



5 березня 2015 года
Конкорд Капитал

Ukrainian equities mostly slumped on Wednesday, March 4, with the exception of grain trader and sunflower oil maker Kernel (KER PW +1.1%), which helped lift the WIG Ukraine Index of Warsaw-traded stocks by 0.3%. Large drops occurred with the thinly traded shares of car battery maker WESTA (WES PW -26.7%) and coal miner Sadovaya (SGR PW -20.4%).



In London, the most actively traded Ukrainian stock, iron ore miner Ferrexpo (FXPO LN) plunged 6.3%, or 8.4% in two sessions. Natural gas E&P Regal Petroleum (RPT LN) plummeted 7.5%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 1.1%, pulled down by Yenakiyeve Steel (ENMZ UK -3.0%), which has declind 5.9% in three straight negative sessions.



The Ukrainian hryvnia continued to strengthen amid artificially limited demand for dollars and the central bank’s financial tightening. Officially, the exchange rate was set at UAH 23.8/USD on Wednesday, which is 4% stronger day-to-day and 26% stronger after four consecutive appreciating sessions. The exchange rate on the free market, which wasn’t actually "free" in recent days, followed the official rate.

Источник: Конкорд Капитал

Аналитик: Максим Слободской
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