Monday 2 September 2013

Markets remain jittery as the United States considers Syria strike - Ukraine Business Online

Markets remain jittery as the United States considers Syria strike - Business - News - Ukraine Business Online:

"“Ukrainian equities concluded a second week in the red on Friday, August 30, owing to global jitters on a U.S. invasion of Syria. The WIG Ukraine Index of Warsaw-traded stocks slid 0.9% on Friday, weighed down by KSG Agro (KSG PW -6.5%), which has plunged 15.4% in five straight losing sessions. Car battery maker WESTA (WES PW) fell 3.4% while sugar producer Astarta (AST PW -1.4%) has lost 7.1% in four straight negative sessions. The WIG Ukraine Index dropped 3.9% last week and 5.6% in August. In London, iron ore miner Ferrexpo (FXPO LN -1.2%) has fallen 10.3% in four straight declining sessions, making for a 1.7% August decrease. Investors snapped a ten-session losing streak by poultry producer MHP (MHPC LI +4.9%), which had erased 18.3% of its value. Its shares concluded August at a 15.7% loss. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.2%, pulled down by Alchevsk Steel (ALMK UK -0.8%), which has decreased 4.6% in four straight losing sessions. The UK Index dropped 3.0% last week and 5.6% in August. Outside the Index, Ukrtelecom (UTLM UK) surged 7.2%, finishing the month at a 9.7% gain.”"

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