OCT. 2 2015 (The Conway Bulletin) — Mining companies dominated the news this week from stock markets selling shares in Central Asian and South Caucasian companies.
London-listed KAZ Minerals lost 30% in one week before rising slightly to 91p. What was striking, though, was that the trade volume surpassed 25m shares, a weekly turnaround that was only seen during a surge in August and during another sharp fall in mid-January.
Central Asia Metals was essentially stable this week in London at around 155-158p.
Toronto-listed Centerra Gold fell again. This week, the Kyrgyzstan- focused mining company lost around 6% to end the week at 7.29 Canadian dollars.
Central Asia-focused oil companies showed mixed results. Nostrum Oil & Gas shares lost around 4% this week, down to 462p. This fall was linked to the ongoing saga with Tethys Petroleum on the takeover.
Kazakhstan-focused Roxi Petroleum performed well this wekek, as it climbed back to 10p, an 18% surge in seven days, triggered by the positive interim results for H1 2015 it published on Sept. 29.
ENDS
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(News report from Issue No. 250, published on Oct. 2 2015)