Millennium Capital Released May 17 Ukrainian Market Review
OREANDA-NEWS. May 18, 2011. Millennium Capital released daily review:
On Tuesday, May 17, Ukrainian stock market yet again bucked the global slumping trend as the benchmark UX index gained 0.55% to reach 2,532.63 pp. Upbeat 1Q11 results of AVDK obviously inhaled a solid portion of enthusiasm into the market participants after a streak of disappointing releases of other blue chips. Total equity turnover increased to UAH 219.0mn. Most sectors were weak but heavyweights MSICH (+2.11%) and CEEN (+1.21%) performed well propping up the index. Banks (-0.01%) remained flat with USCB (+0.19%) gains offset by weakness of BAVL (-0.21%). Iron & Steel sector was in deep retreat after a jump the day before. Coke was down as both AVDK (-1.21%) and YASK (-2.49%) declined followed by steel names that lost 0.18% on average. On the foreign exchanges ag names were mixed. Astarta (+4.58%) and Avangard (+1.88%) were in demand while MHP (-1.46%) and Kernel (-1.54%) lost some ground.
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