Market comment

Market comment



10 жовтня 2012 года
Конкорд Капитал

Ukrainian stocks dropped to their lowest level since mid-June on Tuesday as Eurozone concerns again dominated headlines following a 2-day meeting of EU finance ministers that underwhelmed and reports that Greek creditors had yet to reach agreement on moving forward. The local UX index sank 0.3% to 943 points, its lowest mark in almost four months. Warsaw’s WIG-Ukraine index fell 1.8%, one of the biggest declines in the EMEA equity space yesterday, according to Bloomberg. A number of stocks returned to their cheapest levels since two weeks ago, including Westa (WES PW) -5.0% yesterday and Kernel (KER PW) -3.6%. The same was true for London-listed MHP (MHPC LI) down 3.7% and JKX Oil & Gas (JKX LN) off 2.6%. Meanwhile, Cadogan Petroleum (CAD LN) put off 4.3% to hit a new two-and-a-half year low of GBp 16.6. We think the major Ukrainian bourses will track lower again today after negative opens in Asia and Russia.

Источник: Конкорд Капитал

Аналитик: Бред Вэллс
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