Thursday 8 August 2013

Indices mostly dance in place with offsetting wins and losses - Business - News - Ukraine Business Online

Indices mostly dance in place with offsetting wins and losses - Business - News - Ukraine Business Online:

"Earnings reports trumped tapering concerns in influencing Ukrainian equities in trading on Wednesday, August 7. The WIG Ukraine Index of Warsaw-traded stocks was unchanged, with big gainers and losers offsetting each other. KSG Agro (KSG PW) surged 7.7% after reporting it attracted a new loan for farming operations. KDM Shipping (KDM PW +4.3%) recouped all its losses from the prior session, when it fell 4.1% after reporting a decline in July revenue. On the losing end, farmer Agroton (AGT PW) dropped 5.1% on the eve of a bondholder meeting that will decide today whether to agree on offered Eurobond restructuring terms. Coal Energy (CLE PW -4.0%) has plunged 16.8% in four straight losing sessions. Serinus Energy (SEN PW -2.0%) has fallen 10.6% in four straight declining sessions. The biggest story was in London, where investors scooped up the shares of iron ore miner Ferrexpo (FXPO LN +13.2%) after it reported its second-quarter earnings. "

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