UFC Capital Released September 17 Ukrainian Market View
OREANDA-NEWS. September 17, 2010. UFC Capital released daily market view:
Equity market. The UX Index has opened slightly above zero. However, the indicator has turned astern and was in the “red zone” since the end of trading session September 16. Overall, the UX Index declined by 0.76% to 1,975.55. The trading volume was minor in this day and amounted only 69.2 mln hryvnia.
The shares of Avdiivka Coke (AVDK; SELL) were the most popular among investors. The trading volume for these securities amounted to 8.8 mln hryvnia.
The worst performer on the order-driven market was Komsomolets Donbasa Coalmine (SHKD; BUY), whose shares dropped in valued by 8.3%. The best performers were shares of Yasinovka Coke (YASK; BUY), which grew 3.1%. The catalyst of this growth could be the press-release of company’s parent structure Donetskstal, which include the information about fast and considerable modernization the one of group plants. Thus, the Group has indirectly confirmed an intention to develop its Ukrainian assets. Moreover, Donetskstal provided information on negotiations with US Steel about possible coke supply to its European plants, what could make Donetskstal a main supplier for these companies.
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