Friday 2 August 2013

WIG-Ukraine and UX indices begin August underwater

Concorde Capital provides more information Ukrainian stock activity in its daily market comment:

“Ukrainian equities kicked off the new month sliding deeper into volatility on Thursday, August 1. The WIG Ukraine Index of Warsaw-traded stocks declined 0.9% despite gains in Europe and Russia. Leading the declines was a particularly volatile stock, farming company Agroton (AGT PW -6.5%), which has had sharp hikes and drops recently. Investors were gloomy on the Index’s most popular stock, grain trader Kernel (KER PW -2.1%), which has fallen 5.3% in three straight losing sessions. In positive activity, the typically volatile shares of Coal Energy (CLE PW) surged 23.8%, extending their gain to 46.2% in three straight positive sessions. Beyond the Index, traders remained upbeat on Serinus Energy (SEN PW 3.5%), putting its two-day jump at 15.6% after the company announced it found a potential oil deposit. In London, shares of egg producer Avangard (AVGR LI +5.6%) extended their roller coaster ride. Robust Chinese purchasing manager data fueled demand for iron ore miner Ferrexpo (FXPO LN +2.8%). An oasis of stability was the Ukrainian Exchange (UX) Index of Kyiv-traded stocks, which slid 0.1%. Its biggest mover was Raiffeisen Bank Aval (BAVL UK +1.2%).”

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