Comments and pre-market: Eavex Ukraine Market Monitor: July 17

Ukrainian equities ended mixed on Tuesday (Jul 16) as the market traded within a narrow range ahead of a congressional testimony by Federal Reserve Chairman Ben Bernanke, which could offer clarity on when the U.S. central bank will reduce its stimulus. The UX index slipped 0.2% to close at 869 points. A loss leader among blue-chips was CentrEnergo (CEEN UK) with its quotes falling 2.5%. Financial sector outperformed the market with Raiffeisen Bank Aval (BAVL UK) and UkrsotsBank (USCB UK) adding 0.8% and 2.3% respectively. Second tier Krukiv Wagon (KVBZ UK) increased by 0.6% yesterday amid hopes the company will benefit from the joint venture with Russian Kirov Zavod.

In London trading E&P companies Regal Petroleum (RPT LN) and JKX Oil&Gas (JKX LN), which have major assets in Ukraine, lost 2.9% and 0.5% respectively.

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Eavex Ukraine Market Monitor: July 17