Market comment

Market comment



16 жовтня 2012 года
Конкорд Капитал

The local Ukrainian Exchange continued to lose ground on Monday as investors remained downbeat on frontier markets as global finance ministers clashed over stimulus plans on the weekend and key Chinese companies said they expected losses this year. The UX dropped another 2.7%; the index is now off 9.7% over the last five sessions. Warsaw’s WIG-Ukraine index sank 0.6%, with seven of its 11 index components down. The worst performer was Westa (WES PW), which fell 4.9%. KDM Shipping (KDM PW) was the Ukrainian equity universe’s top name for the second straight day, up 8.4% (+13.2% in the last two sessions). Ukrainian companies in London were fairly mixed: JKX Oil & Gas (JKX LN) led the advancers, +1.4%; decliners included Cadogan Petroleum (CAD LN) -1.5%, Ferrexpo (FXPO LN) -1.1% and MHP (MHPC LI) -1.0%. Better-than-expected retail sales figures from the US helped spur an overnight rally in US stocks, which is spreading this morning to Asia and Russia. We see this momentum leading to a higher open today for Ukraine.

The correct link to access Concorde Capital’s MarketWeekly data file is:
http://rs.concorde.ua/files/downloads/22/MarketWeekly_10152012.xls
Due to technical difficulties, it was not attached to yesterday’s Ukraine Daily.



Источник: Конкорд Капитал

Аналитик: Бред Вэллс
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