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Analytics and Market news

Monday, 8 July 2013

Eavex Ukraine Market Monitor: July 8

Eavex Capital
Ukrainian blue chips were mixed on Friday (Jul 5), a day that saw the main US and European indices move in diametrically opposite directions; Wall Street was solidly higher on encouraging fundamental economic data, while Germany’s DAX plunged on concerns that the ECB is still struggling to get a handle on the complex problems confronting Europe’s banking system. The UX index inched up 0.2% to end the week at 857 points. CentrEnergo (CEEN) was the star of the session, adding 2.1% to UAH 4.81, and DonbasEnergo (DOEN) and Azovstal (AZST) picked up 1.0% and 0.5% respectively. On the downside, volume leader Motor Sich (MSICH) slid 1.6% to UAH 1870, and Raiffeisen Aval (BAVL) and Alchevsk Steel (ALMK) both lost 0.9%. Outside the UX basket, truck producer AvtoKraz (KRAZ) fell 20.1% to 2.30 kopecks.

In London, MHP (MHPC LI) rose 1.7%, while JKX Oil & Gas (JKX LN)  shed 3.6% to GBp 53; in Frankfurt, TMM Real Estate (TR61 GR) slipped 3.3% to EUR 0.41.
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