Market comment

Market comment



9 жовтня 2012 года
Конкорд Капитал

Kyiv’s Ukrainian Exchange retraced Friday’s gains on Monday as European finance ministers’ meeting yesterday underwhelmed. Though they finalized plans to setup a EUR 500 bln emergency fund to attack the region’s debt crisis, they confirmed statements from the Spanish government, expected to be the most immediate large potential customer, would not tap into it immediately, and delayed decisions on assistance to Greece and Cyprus. The UX retreated 1.1%, with eight of 10 blue chips down for the session. Warsaw’s WIG-Ukraine sank 0.6% with eight of its 11 index stocks lower. In London, JKX Oil & Gas (JKX LN) and Cadogan Petroleum (CAD LN) slumped, by 2.5% and 1.4%, respectively. Bank of Georgia (BGEO LN) spent most of the day down, before flirting with breaking even in its last hour and ultimately closing off 1.2% at GBp 1,182. We look to be headed for a slightly higher open this morning, after an uptick in key commodities has helped lift Asian and Russian markets.



Источник: Конкорд Капитал

Аналитик: Бред Вэллс
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