Comments and pre-market: Eavex Ukraine Market Monitor: Aug 13

Analytics and Market news

Tuesday, 13 August 2013

Eavex Ukraine Market Monitor: Aug 13

Eavex Capital

Local Ukrainian stocks rallied marginally on Monday (Aug 12) against a largely flat external backdrop in both Europe and the US. The UX index closed with a gain of half a percent at 888 points. DonbasEnergo (DOEN) added 0.9% to UAH 25.30, and Motor Sich (MSICH) continued its slow but steady rebound from the UAH 1800 level with a 0.7% pickup. CentrEnergo (CEEN), Raiffeisen Aval (BAVL) and Azovstal (AZST) all rose in line with the overall index. The most active issue outside the UX basket was state-controlled bridge construction firm Mostobud (MTBD), which jumped 11.7% on turnover of UAH 330,000. In London, JKX Oil & Gas (JKX LN) appreciated by 2.7%, while MHP (MHPC LI) slipped 1.4% to USD 17.50. In Warsaw, beaten-down Agroton (AGT PW) continued to benefit from a lifeline extended by its bondholders, gaining 10.3% to PLN 2.78.

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