Implosion of Ukrainian equities continues with no bottom in sight - Business - News - Ukraine Business Online:
"KYIV, Mar 13, 2014 (UBO) – The Ukrainian hryvnia after some weakening has now reached what appears to be a fairly sustainable level [USD1 = UAH9.30]. However, the market for Ukrainian stocks is an entirely different and much more depressed – and depressing – reality. More of the bad news in Concorde Capital’s daily market comment:
“The slaughter of Ukrainian equities continued on Wednesday, March 12. The WIG Ukraine Index of Warsaw-traded stocks plunged 6.2%, extending its loss streak to six sessions at an 18.7% collapse. It has reached its lowest depths since its December 2010 debut. Its biggest component, grain trader and sunflower oil producer Kernel (KER PW -7.2%), has plummeted 12.5% in three straight negative sessions to its lowest price since April 2009. Farmer Agroton (AGT PW -5.6%) has plunged 40.1% in five straight losing sessions to its lowest price since Feb. 17. KDM Shipping (KDM PW -9.4%) has collapsed 53.0% in three negative sessions to its lowest price since its August 2012 debut. Sugar producer Astarta (AST PW -5.6%) has plummeted 20.8% in six straight losing sessions to its lowest price since January 2010."
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