Markets remain jittery as the United States considers Syria strike

2013/9/2 11:42:01

On the LSE, Ferrexpo has fallen 10.3% in four straight declining sessions while poultry producer MHP concluded August at a 15.7% loss.

 


KYIV, Aug 2, 2013 (UBO) – War uncertainties depressed markets last week and that jitteriness remains as the Obama administration goes to the U.S. Congress for authority to strike at the Al Assad regime in Syria.

 

Concorde Capital analyses last week’s performance in its daily market comment today:

 

“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.”

 

For charts of last session top-3 map, last session performance and more, link below:

www.concorde.ua

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