Thursday 1 August 2013

WIG-Ukraine and UX show gains for month of July - Business - News - Ukraine Business Online

WIG-Ukraine and UX show gains for month of July - Business - News - Ukraine Business Online:

"In its daily market comment, Concorde Capital provides an expanded analysis of trading for the month of July:

“Once again, Ukrainian equities offered investors some big gains and losses in trading on Wednesday, July 31. The WIG Ukraine Index of Warsaw-traded stocks dropped 1.1% despite the positive second-quarter U.S. GDP report that boosted European stocks. However on a monthly basis, the WIG Ukraine Index outperformed the strong July performance of the Stoxx Europe 600 Index – which enjoyed its largest monthly gain since October 2011 – by surging 10.7%. Sugar producer Astarta (AST PW -0.7%) delivered the Index’s top monthly results by bringing a 22.0% return for July, hitting its 22-month high on July 30. Farmer Agroton capped off July on the upswing (AGT PW +8.1%), but still lost 10.5% for the month. Grain trader Kernel (KER PW -3.1%) finished the month with a 4.4% increase. The Index’s biggest monthly decliner was Coal Energy (CLE PW +3.1%), which plummeted 19.5% in July."

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