Market Monitor October 13, 2011
Market Update STOCK MARKET PERFORMANCE
Equity UX Index RTS Index* WIG 20 Index* 2,500 Local stocks again lagged strong gains seen on European bourses on 2,250 Wednesday (Oct 12), as Ukraine continued to receive a dressing down from EU leaders over the conviction of former PM Yulia Tymoshenko. 2,000 The approval by Slovakia’s parliament of an increase in the EU’s bank 1,750 bailout fund fueled a rise of more than 2% in Frankfurt and Paris, 1,500 while the UX index managed a gain of only 0.5% to 1,327 points. The 1,250 11-Jul 25-Jul 8-Aug 22-Aug 5-Sep 19-Sep 3-Oct day’s best performer was volume leader Motor Sich, which added * rebased 1.5% on turnover of UAH 13mn. Other top liquid names, including CentrEnergo, Alchevsk Steel, Azovstal, and Ukrsotsbank, were up MARKET INDEXES by between 0.5% and 1%. In London, Ferrexpo continued its strong Last 1D ch 1M ch YTD rebound on fading global recession fears, picking up another 7.9% to UX 1326.4 0.7% 12.7% 45.7% RTS 1407.8 3.9% 13.4% 20.5% USD 3.30. WIG20 2316.7 2.4% 3.0% 15.6% MSCI EM 923.2 1.5% 7.0% 19.8% Fixed Income S&P 500 1207.3 1.0% 4.6% 4.0% Ukrainian sovereign Eurobonds saw a broad rebound on Wednesday. Ukrainian mid term Eurobonds added 2.0p.p. 84.0/88.0 UX INTRADAY OCTOBER 12, 2011 (10.70%/9.58%), while long terms rose by 4.0p.p. and closed at 1,345 Close as of 11 Oct. 2011, 1317.1
88.0/89.0 (9.93%/9.75%). Corporate names followed the general 1,335 trend and were higher as well. The biggest gainer was DTEK 15s, which gained 2.0p.p. to 90.0/92.0 (13.08%/12.31%). Metinvest