Market comment

Market comment



30 серпня 2012 года
Конкорд Капитал

The Ukrainian Exchange index fell 1.3% on Wednesday, extending its five-day funk to 7.8%, as investors piled out of European and emerging markets and were not supported by domestic political news. Ukraine’s high court upheld a seven-year jail sentence for opposition leader Yulia Tymoshenko yesterday, prompting criticism from the EU, UK and US. Eight of the 10 local blue chisp fell on the day. Meanwhile, Warsaw’s WIG-Ukraine index posted a 1.2% advance on the back of gains in Astarta (AST PW) +6.9% and Westa (WES PW) +4.4%. In London, Ferrexpo (FXPO LN) shed 4.1% as iron ore market jitters hit sector stocks, while MHP (MHPC LI) +5.6% moved up after delivering better-than-expected 1H12 financials. In other news, a mission from the International Monetary Fund arrived in Ukraine to discuss technical aspects of the 2013 budget, energy sector reform and social assistance programs. They are due to remain until September 5 and no significant news about restarting Ukraine’s frozen USD 15.6 bln standby facility is expected.



Источник: Конкорд Капитал

Аналитик: Бред Вэллс
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