Tuesday 24 September 2013

Ukrainian stocks follow the European trend into negative territory - Business - News - Ukraine Business Online

Ukrainian stocks follow the European trend into negative territory - Business - News - Ukraine Business Online:

"“Ukrainian equities followed European markets in extending losses in trading on Monday, September 23. The WIG Ukraine Index of Warsaw-traded stocks dropped 1.9%, pulled down by the erratic shares of car battery maker WESTA (WES PW -4.7%) and Coal Energy (CLE PW -4.4%), which has fallen 12.5% in three straight declining sessions. The Index’s most active stock, grain trader Kernel (KER PW), dropped 3.9%, or 6.2% in two sessions. The Index’s top advancers were KSG Agro (KSW PW +1.8%), which has risen 6.5% in two sessions, and dairy producer Milkiland (MLK PW +1.7%), which has gained 16.6% in four straight positive sessions. In London, Regal Petroleum (RPT LN) surged 8.1% (12.7% in two sessions) after Russia’s Alfa Group announced it will buy a 24.4% stake. Real estate firm DUPD (DUPD LN) improved 2.5%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks fell 1.6%, weighed down by engine maker Motor Sich (MSICH UK -3.1%).”"

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