Wednesday, February 15 the
Ukrainian equity market managed to score a gain. The UX index altered + 0,59% to
1522,07 points, Sortis-15 modified + 0,35% to 67,5 points and WIG UA changed +
1,1% to 809,9 points. There was previous days’ dynamic on the market – sideway
trading, slightly above the Tuesday’s closing level, with cautious reaction to
appearing news. Better than market were Stahanov Car Production Facility /SVGZ/
+ 2,81%, Motor Sich /MSICH/ + 2,8% and North Ore Mining and Processing Plant
/SGOK/ + 2,57%.The most notable decliners were Mariupol Iron&Steel Works
/MMKI/ - 4,12%, Dniproenergo /DNEN/ - 3,87% and DTEK Mine Komsomolets Donbassa
/SHKD/ - 2,78%. The biggest trading volumes showed Motor Sich /MSICH/ – USD 2,2
mln, Avdiivka Cokery Plant /AVDK/ – USD 1,0 mln and Ukrsotsbank /USCB/ – USD 0,7
mln, when total equity trading volume reached USD 7,4 mln. Thursday, February 16
we wait for continuation of consolidation at the market. EU’s GDP preliminary
data mirrored decrease quarter-on-quarter, but turned out in the mean 0,1 p.p.
better than forecasts. In our view, it will support speculative interest toward
mining companies. We also bargain for continuation of buying activity in Motor
Sich /MSICH/ shares on the local market, because of 7,6% increase in bottom line
in 2011 y-o-y. Between the most influential news for today will be ECB’s monthly
bulletin publication, building permits quantity and Philly Fed Manufacturing
Index from the USA.
Ukrainian stocks, listed on international markets, closed mixed. In
the green finished Westa ISIC /WESP/ + 4,74%, Coal Energy /CLEP/ + 3,88%,
Astarta Holding /ASTH/ + 2,89%, Ovostar Union /OVO/ + 1,6% and Industrial Milk
Co /IMCP/ + 1,42%. Between the most prominent losers were JKX Oil & Gas
/JKX/ - 2,37%, AgroGeneration /ALAGR/ - 0,99%, Cadogan Petroleum /CADP/ - 0,76%,
Milkiland /MLKA/ - 0,68% and Kernel Holding /KERN/ -
0,41%.
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