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Analytics and Market news

Tuesday, 28 May 2013

Eavex Ukraine Market Monitor: May 28

Eavex Capital
Apart from the 3% drop in Japan’s Nikkei during the overnight, Monday (May 27) was a rather subdued day of trading across most equity markets, with bourses in New York and London shut for separate holidays. Paris and Frankfurt managed to rebound quietly from last week’s selloff by 1% each, while locally, the UX index rallied late to end the day essentially unchanged at 852 points. Metinvest-controlled metallurgy blue chips Azovstal (AZST), Avdyivka Coke (AVDK), and Yenakievo Steel (ENMZ) all moved down by about 1%, while Alchevsk Steel (ALMK) and DonbasEnergo (DOEN) posted respective gains of 0.7% and 0.9%. Outside the UX basket, DonetskStal-controlled Yasynivsky Coke (YASK) slipped 2.3% to 55.7 kopecks.

In Warsaw, egg producer Ovostar (OVO PW) and car battery maker Westa (WES PW) were down by 1.9% and 5.7% respectively, with the latter ending at PLN 0.66.
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