Friday trading mixed but market tone remains upbeat after serious downturn

2014/12/22 14:46:30

Kernel was up +6.1%, Astarta up +3.8% and Ferrexpo jumped +5.4%, bringing some hope into an overall difficult period in Ukrainian markets.

 


KYIV, Dec 22, 2014 (UBO) – Concorde Capital wraps up last week’s trading in today’s market comment:

 

“Ukrainian equities finished off a losing week in Europe in recovery mode on Friday, Dec. 19. The WIG Ukraine Index of Warsaw-traded stocks rose 3.8%, or 7.9% in three straight positive sessions, concluding the week at a 0.7% loss. Its biggest component, grain trader and sunflower oil maker Kernel (KER PW), advanced 6.1%, or 12.6% in three straight winning sessions, finishing the week at a 1.3% gain. Another top component, sugar maker Astarta (AST PW), improved 3.8%, or 8.0% in three straight positive sessions, concluding the week at a 4.4% loss. KDM Shipping (KDM PW) plunged 10.9%, finishing the week at an 18.2% drop to its lowest price since its August 2012 IPO. Outside the index, natural gas explorer and trader Serinus Energy (SEN PW -4.8%) concluded the week at a 4.8% loss.

 

“In London, iron ore miner Ferrexpo (FXPO LN) jumped 5.4%, finishing the week at a 9.5% loss. Egg producer Avangardco (AVGR LI) plummeted 20.0%, concluding the week at a 33.4% collapse. Regal Petroleum (RPT LN) dropped 16.2%, finishing the week at a 20.2% loss. JKX Oil & Gas (JKX LN) plunged 11.3%, concluding the week at a 7.8% loss. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.1%, finishing the week at a 7.2% improvement. Its biggest mover during the week was Yenakiyeve Steel (ENMZ UK +0.5%), which concluded the week at an 18.9% advance.”

 

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

www.concorde.ua

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