Market comment

Market comment



8 жовтня 2012 года
Конкорд Капитал

The UX was among the global indices to rise back up again on Friday on the back of a positive US unemployment report on Friday and ECB President Mario Draghi’s pledge to buy bonds. The Ukrainian Exchange added 0.8%, which was broadly in line with other regional indices (WIG-20 +1.7%, RTS +1.7%). Six of the ten local blue chips were bidded up, led by metals names Avdiivka Coke (AVDK UK) +3.6% and Alchevsk Iron & Steel (ALMK UK) +3.0%. In Poland, the WIG-Ukraine index climbed up 3.8%, with only one stock in the red. Agroton (AGT PW) remained at the top of the pile, making another 6.7% over the session (+15.5% over the last three days); the company’s long-term credit rating was maintained by S&P last week. In turn, Ferrexpo (FXPO LN) gained 4.5%, in London action, after Fitch affirmed its credit rating on Friday. We expect Ukrainian equities to open lower this morning after a negative turn in Russian and Asian markets. Most eyes today will be on Eurozone developments as the union’s finance ministers meet today in Luxembourg and German Chancellor Angela Merkel heads to Greece.



Источник: Конкорд Капитал

Аналитик: Бред Вэллс
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