Friday 30 August 2013

WIG-Ukraine unchanged as UX declines - Business - News - Ukraine Business Online

WIG-Ukraine unchanged as UX declines - Business - News - Ukraine Business Online:

"Thursday’s trading left Warsaw stocks dancing in place, UX stocks in Kyiv down slightly with LSE-listed stocks becoming a disaster zone.

Concorde Capital provides more info in its daily market comment:

“Despite calming European markets, Ukrainian equities remained depressed in trading on Thursday, August 29. The WIG Ukraine Index of Warsaw-traded stocks was unchanged, with the biggest mover being farmer Agroton (AGT PW), whose shares bounced 10.2% after a three-session slump. Most other stocks were in the red: erratic Coal Energy (CLE PW) plunged 6.5% yesterday, KSG Agro (KSG PW -1.5%) has lost 9.6% in four straight declining sessions and sugar producer Astarta (AST PW -0.1%) has fallen 5.8% in three straight negative sessions. In London, the slaughter continued of poultry producer MHP (MHPC LI), which plunged 5.3% after it released disappointed 2Q13 earnings. Its shares have plummeted 18.3% in ten straight losing sessions. Mining firm Ferrexpo (FXPO LN -2.5%) has plunged 9.2% in three straight declining sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.4%, pulled down by Ukrsotsbank (USCB UK -2.2%).”"

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