Bears rule as Ukrainian stocks decline on three major exchanges - Business - News - Ukraine Business Online

Bears rule as Ukrainian stocks decline on three major exchanges - Business - News - Ukraine Business Online:

"Concorde Capital provides more on the downturn in its daily market comment:

“Bears invaded the Ukrainian stock market on Tuesday, October 30. The WIG Ukraine Index of Warsaw-traded stocks dropped 3.3%, weighed down by more selling in its most liquid stock, grain trader Kernel (KER PW -5.0%), which is at its lowest price in more than three years. Sugar producer Astarta (AST PW -4.8%) has fallen 8.4% in four consecutive negative sessions. Outside the Index, demand for the shares of Serinus Energy (SEN PW) surged 7.7%, or 8.7% in two sessions. In London, Cadogan Petroleum (CAD LN -3.7%) has declined 5.5% in two sessions, while JKX Oil & Gas (JKX LN +0.7%) has risen 5.7% in four straight advancing sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks dropped 1.0%, weighed down by oil producer Ukrnafta (UNAF -2.4%); Avdiivka Coke (AVDK UK -2.2%), which has fallen 6.0% in four straight negative sessions; and Alchevsk Steel (AMLK UK -2.0%), which has decreased 6.4% in four straight losing sessions.”"

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