Comments and pre-market: Eavex Ukraine Market Monitor: July 18

Analytics and Market news

Thursday, 18 July 2013

Eavex Ukraine Market Monitor: July 18

Eavex Capital

Ukrainian stocks ended modestly higher on Wednesday (Jul 17) with the UX index climbed 0.3% to close at 872 points. Among major news yesterday, Federal Reserve Chairman Ben Bernanke said the timeline for winding down the central bank’s stimulus program was not set in stone. A growth leader in the UX index components was Raiffeisen Bank Aval (BAVL UK) which added 1.7%. In the steel sector, Enakievo Steel (ENMZ UK) and Azovstal (AZST UK) rose 0.4% and 0.5% respectively. Meanwhile UkrsotsBank (USCB UK) fell 1.1%.

Ukrainian names listed in London were also higher with iron ore producer Ferrexpo (FXPO LN) gaining 2.0%. MHP (MHPC LI) edged up 0.1% to close at USD 17.6 per share.

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full report (pdf, 189 Kb)

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