Millennium Capital Released August 30 Ukrainian Market Review
OREANDA-NEWS. August 31, 2010. Millennium Capital released daily review:
On Monday, Aug 30, the Ukrainian equity market followed the mixed sentiments on the European exchanges. Having opened firm the Ukrainian UX index then decreased over the day on moderate volatility. It eventually closed in weak black at 1,995.45 ppt, up +0.07% or 1.33 ppt. Total equity turnover was relatively low at UAH 72.7mn. Among sectors only banks finished with a gain of 0.3%. Other sectors posted some loss ranging from -0.7% (steel makers) to -0.1% (coke producers). Most of the action was in AVDK yet again. The stock outperformed the market lumping 4.02% on the extreme day’s turnover of UAH 23.8mn (32.7% of the index’s total equity turnover). The unusual movement was caused by the unprecedented financial results for 1H2010 the company had recently posted. UNAF and STIR increased by 1.36% and 1.32%. In contrast, YASK, a counterpart of AVDK, was the day’s worst performer dropping 4.2% on UAH 4.1mn. On the foreign stock exchanges Astarta went up 1.0% continuing to its rally following the publication of upbeat financials while Kernel dropped 0.7% on the USD 0.5mn. Kulczyk Oil lagged the most of 1.7% on the USD 0.6mn.
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