Comments and pre-market: Eavex Ukraine Market Monitor: Jun 7

Ukrainian equities were marginally lower again on Thursday (Jun 6) as European markets continued their week of considerable correction, with Frankfurt and London both down more than 1% for a second straight day. However, the major US indices rallied on expectations of soft employment data, suggesting that central bank liquidity support for the US economy will not be scaled back. The UX index edged down 0.4%, closing at 847 points. Volume leader Motor Sich (MSICH) sold off rather sharply, dropping 2.0% on turnover of UAH 3.4mn, and Alchevsk Steel (ALMK) lost 1.8% to 4.27 kopecks. CentrEnergo (CEEN) and DonbasEnergo (DOEN) posted moderate rises of 0.8% each after it was revealed that industrial electricity prices were hiked by some 14% during May. In second-tier names, UkrTelecom (UTLM) jumped another 9.5% to 16.50 kopecks on top of its 15% gain on Wednesday, when it was announced that the company will be taken over by System Capital Management.

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Eavex Ukraine Market Monitor: Jun 7