Market comment

Market comment



17 жовтня 2012 года
Конкорд Капитал

Ukraine’s UX swung back into positive territory on Tuesday as sentiment picked back up following Moody’s maintained Spain’s investment grade sovereign credit rating and data out of China hinted its economy might be stabilizing. The UX added 3.5% yesterday, outperforming all other EMEA indices tracked by Bloomberg. Local metallurgy stocks were among the biggest gainers including Yenakiieve Steel (ENMZ UK) +5.1%, Azovstal (AZST UK) +4.5% and Alchevsk Iron & Steel (ALMK UK) +4.1%. Poland’s WIG-Ukraine rose 0.5%, with four of its 11 components up. The best performers there were Westa (WES PW) +3.1% and Kernel (KER PW) +3.1%. In London, JKX Oil & Gas (JKX LN) lept up 6.7% after announcing a ramp up of production at its Russian wells (see our news from yesterday). Yesterday’s momentum looks to carry over into today as markets overnight and this morning are continuing to make ground after US retail sales beat expectations.



Источник: Конкорд Капитал

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