Wednesday 31 July 2013

5. Market comment: Stocks stay on upward path - Wed, 31 Jul - BUSINESS NEW EUROPE

Ukraine daily - Wed, 31 Jul - BUSINESS NEW EUROPE:

"The key Ukrainian index UX extended gains into the fifth session Tuesday, closing yesterday's trading 0.45% higher. The positive sentiment on local bourses was supported by corporate earnings from prominent companies in Europe, while investors looked into a two-day policy meeting of the U.S. Federal Reserve. Growth leaders in the index basket included Ukrnafta (UNAF, +1.67%), Raiffeisen Bank Aval (BAVL, +2.04%) and Donbasenergo (DOEN, +1.58%), followed by Alchevsk Steel (ALMK, +0.25%), Avdiyivka Coke (AVDK, +0.09%), Azovstal (AZST, +0.45%), Yenakiyevo Steel (ENMZ, +0.52%) and Motor Sich (MSICH, +0.11%). Centrenergo (CEEN) and Ukrsotsbank (USCB) lost 0.64% each. The WIG-Ukraine index also added 0.65% owing to Coal Energy (CLE, +14.57%), Agroton (AGT, +10.61%), Sadovaya Group (SGR, +8.16%), Milkiland (MLK, +2.08%), Ovostar Union (OVO, +1.32%) and Astarta (AST, +0.68%). In London, MHP (MHPC) gained 0.84%, Ferrexpo (FXPO) dropped 2.29%, while Avangard (AVGR) surged 5.77% (see below).
"

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