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Analytics and Market news

Tuesday, 2 July 2013

Eavex Ukraine Market Monitor: July 2

Eavex Capital
Ukrainian equities remained largely unresponsive to external trends on Monday (Jul 1), as European and US shares rallied to kick off the second half of the year on optimism about the global economic picture. The UX index was near breakeven throughout the session and finished with a small gain of 0.2% at 868 points. Yenakievo Steel (ENMZ) stood head and shoulders above the rest of the field, adding 2.4% to UAH 35.50, and volume leader Motor Sich (MSICH) picked up 0.7% on turnover of UAH 7.1mn. On the losing side, UkrSotsBank (USCB) gave back recent gains with a 1.9% drop, and CentrEnergo (CEEN) eased down by 0.4%. Outside the UX basket, Yasynivsky Coke (YASK) jumped 8.3% to 61 kopecks.

In London, Ferrexpo (FXPO LN) bounced off a 45-month low with a 5.6% rise, and MHP (MHPC LI) appreciated by 2.9% to USD 17.50. In Warsaw, Astarta (AST PW) and KSG Agro (KSG PW) moved higher by 2.2% and 1.3% respectively.
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