Market comment

Market comment



24 травня 2012 года
Конкорд Капитал

Ukrainian equities were rocked, like much of Europe, on Wednesday by renewed fears Greece will exit the Euro. The WIG-Ukraine index of Ukrainian stocks traded on the Warsaw Stock Exchange collapsed 3.6%, snapping two days of gains. None of the 10 index components closed up; the losses were led by significant drops in Agroton (AGT PW) -14.4% and Ovostar Union (OVO PW) -11.0%. The local Ukrainian Exchange also saw a steep decline of 4.2% yesterday, with all 10 blue chips losing ground. The worst performers were steel maker Yenakiieve Steel (ENMZ UK) -8.0% as well as electricity generators Centrenergo (CEEN UK) -7.9% and Donbasenergo (DOEN UK) -7.1%. Meanwhile, the Ukrainian hryvnya temporarily weakened to around UAH 8.08-8.12/USD on the domestic interbank yesterday (down 0.5% in a session), the lowest level since early 2010 due to non-residents exiting the local t-bills market. Later, it partly regained ground even though the NBU did not intervene on the FX market yesterday, according to Interfax.

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Источник: Конкорд Капитал

Аналитик: Бред Вэллс
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