Comments and pre-market: Eavex Ukraine Market Monitor: September 16

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Monday, 16 September 2013

Eavex Ukraine Market Monitor: September 16

Eavex Capital

Locally-listed stocks sold off notably for a second straight session on Friday (Sept 13) despite relatively flat external sentiments ahead of the expiration of UX futures contracts, an event which occurs every three months. The UX index lost 1.2% to end at 831 points. Motor Sich (MSICH) was again the leading decliner, dropping 2.1% on turnover of UAH 5.2mn, while DonbasEnergo (DOEN) slid 2.0% and Raiffeisen Aval (BAVL) was down 1.8% to 9.19 kopecks. No blue chips finished in positive territory for the day; sparsely-traded DniproEnergo (DNEN) and Stirol (STIR) saw rises of 3.5% and 8.0% respectively. In Warsaw, Agroton (AGT PW) lost 3.8% to PLN 2.30 and Industrial Milk (IMC PW) slipped 1.3%, while in London, Ferrexpo (FXPO LN) was unchanged and JKX Oil & Gas (JKX LN) edged up 1.1% to GBp 66.75.

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