Investors show confidence by pushing up prices for many Ukrainian stocks

2014/12/23 12:27:56

However, the good news was far from universal, e.g. Regal Petroleum (RPT LN) dropped 6.3%, or 25.3% in three straight losing sessions to its lowest price since its September 2002 IPO.

 


KYIV, Dec 23, 2014 (UBO) – Concorde Capital provides more on Monday’s trading in its daily market comment:

 

“Ukrainian equities remained in recovery mode on Monday, Dec. 22. The WIG Ukraine Index of Warsaw-traded stocks increased 1.0%, or 8.9% in four straight positive sessions. Its biggest component, grain trader and sunflower oil maker Kernel (KER PW), rose 3.4%, or 16.5% in four straight winning sessions. KDM Shipping (KDM PW) plunged 10.0%, or 26.4% in three straight negative sessions, to its lowest price since its August 2012 IPO. Farmer Agroton (AGT PW) plummeted 7.4%.

 

“In London, Regal Petroleum (RPT LN) dropped 6.3%, or 25.3% in three straight losing sessions to its lowest price since its September 2002 IPO. Egg producer Avangardco (AVGR LI) slid 2.1%, or 21.7% in two sessions, to its lowest price since its April 2010 IPO. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks rose 0.9%, led by oil producer Ukrnafta (UNAF UK +4.4%), which has advanced 18.1% in four straight positive sessions. Yenakiyeve Steel (ENMZ UK) increased 1.4%, or 21.1% in four straight advancing sessions.

 

“The session was calm on Ukraine’s international debt markets. The sovereign curve remained broadly untouched with its shortest end yielding 53.0% and the longest one 14.6%. On the corporate yield map, the most radical movements were in two Eurobonds maturing in end-April 2015: the YTM of notes of energy holding DTEK (DTEKUA) increased 136 bps to cross the 100% threshold; and the YTM of notes of State Export-Import Bank (EXUMUK), which settled at above the 100% level last week, increased another 113 bps to 104.7%.

 

“A slight convergence of the official and free market rates of the hryvnia vs. the U.S. dollar was observed on the ForEx market. The official hryvnia rate, set by the central bank, has weakened to UAH 15.85/U.S. (from 15.77 in the last session), which is its all-time low. The interbank rate of the hryvnia strengthened to 18.5-18.9 UAH/USD from the 20.5 UAH/USD rate demonstrated on Dec. 17.”

 

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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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