Market comment

Market comment



20 вересня 2012 года
Конкорд Капитал

The Ukrainian Exchange fell again on Wednesday, as regional indices continued to suffer on concern about the Chinese economy and escalation in the China-Japan territorial tiff. The UX lost 1.0% (-3.9% in the last three sessions) yesterday, while Russia’s RTS fell 2.0%. Nine of the 10 local blue chips headed lower; the biggest losses were in Yenakiieve Steel (ENMZ UK) -2.5% and Ukrsotsbank (USCB UK) -2.4%. Warsaw’s WIG-Ukraine dropped 0.4%, led by Kernel (KER PW) -2.5% and KSG Agro (KSG PW) -2.7% lost ground. More than half of the index’s components closed higher though, including two with double-digit gains: Westa (WES PW) +24.5% and Sadovaya Group (SGR PW) +14.6%. In London, Ukrainian equities were mixed: Regal Petroleum (RPT LN) -4.3% and Cadogan Petroleum (CAD LN) -2.6% were lower, while Avangard (AVGR LI) +1.9% and Ferrexpo (FXPO LN) +1.4% moved up on the day. In other news, we note that the Ukrainian Exchange’s council, which consists of Ukrainian investment banks, voted to stop trading today for one hour from 10:00 to 11:00 in protest of a draft law “On Depositary System in Ukraine” – for more information, please see the UX website.



Источник: Конкорд Капитал

Аналитик: Бред Вэллс
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