Wednesday 17 July 2013

UAIndex volume soars as bond default looms for Agroton - Ukraine Business Online

UAIndex volume soars as bond default looms for Agroton - Business - News - Ukraine Business Online:

"In spite of a massive negative sell-off of Agroton shares, the UAIndex managed to eke out a +0.92% gain in Tuesday’s trading, closing at 4,173.37. The erratic performance of Agroton stocks for weeks and its 36% one-day collapse raise serious questions as to the company’s ability to survive.

The most significant result on Tuesday’s Best Performing Companies list was turned in by Milkiland, up +2.07% on trade of 473,809 shares.

Agroton claimed the dubious honor of taking both the Worst Performing and Volume Leader titles on Tuesday as its stock value collapsed by almost -36% on trade of 616,520 shares.

We are likely to learn more when the results of today’s trading are in and we are able to determine how much further Agroton might decline before the bottom-feeders come on to the scene."

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