Tuesday 3 December 2013

Political chaos rattling investor confidence - #EuroMaidan - Ukraine Business Online

Political chaos rattling investor confidence - Business - News - Ukraine Business Online: "“Investors sold off their Ukrainian equities in line as local social unrest magnified European equity declines on Monday, December 2. The WIG Ukraine Index of Warsaw-traded stocks plunged 2.8%, weighed down by Coal Energy (CLE PW -5.0%), which hit its lowest price since its August 2011 IPO. Farmer Industrial Milk (IMC PW) dropped 4.6% while dairy firm Milkiland (MLK PW) slid 3.8%. Coal miner Sadovaya (SGR PW -1.5%) has lost 14.1% in two sessions, falling to its lowest price since its December 2010 IPO. In London, falling metal prices pulled down iron ore miner Ferrexpo (FXPO LN -3.9%). Regal Petroleum (RPT LN) plummeted 8.8%. Real estate firm DUPD (DUPD LN -3.4%) has dropped 8.9% in four straight losing sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks lost 0.4%, weighed down by Raiffeisen Bank Aval (BAVL UK -1.8%), which has slid 6.6% in four straight losing sessions. Investors found a bargain in Ukrsotsbank (USCB UK +2.6%), which had plummeted 11.4% in three sessions.”"

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