Tuesday 6 August 2013

Ukrainian stocks start week on high note - Business - News - Ukraine Business Online

Ukrainian stocks start week on high note - Business - News - Ukraine Business Online:

"Concorde Capital provides analysis of Monday’s trading in its daily market comment:

“Positive economic data from Europe fueled demand for Ukrainian equities on Monday, August 5. The WIG Ukraine Index of Warsaw-traded stocks increased 1.0%, fueled by a surge in demand for the volatile shares of farmer Agroton (AGT PW +20.0%).  The Index’s other top gainer was grain trader Kernel (KER PW +2.6%), which has improved 8.1% in two sessions. Beyond the Index, traders extended a correction of Serinus Energy (SEN PW -1.9%), which has fallen 6.2% in two sessions after surging 15.6% upon reporting the discovery of a potential oil deposit. In London, real estate developer DUPD (DUPD LN) surged 10.7% -- making for a 14.0% in two sessions – while JKX Oil & Gas (JKX LN) improved 3.2%. Positive Chinese purchasing manager data offered a boost to Ferrexpo (FXPO LN +1.5%). The Ukrainian Exchange (UX) Index of Kyiv-traded stocks fell 0.7%, pulled down by Raiffeisen Bank Aval (BAVL UK -1.9%) and Unicredit’s Ukrsotsbank (USCB UK -1.6%), which has fallen 9.0% in seven straight declining sessions.”"

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