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

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Wednesday, 18 September 2013

Eavex Ukraine Market Monitor: September 18

Eavex Capital

Kyiv-listed equities slogged through a rather disappointing session on Tuesday (Sept 17), as the local market failed to rebound much from three previous days of losses associated with the expiration of UX futures contracts on Monday. External sentiments were steady, with global investors already having priced in a small reduction in the US Federal Reserve’s bond-buying stimulus to be announced later today. The UX index inched up 0.2% to end at 825 points. Yenakievo Steel (ENMZ) was the day’s biggest mover, rising 1.0%, and CentrEnergo (CEEN) picked up 0.7% to UAH 5 on the nose. Motor Sich (MSICH) edged up 0.4%, while UkrSotsBank (USCB) and UkrNafta (UNAF) both ended half a percent lower. In London, Ferrexpo (FXPO) eased down 1.1% after ending the previous two sessions unchanged, while MHP (MHPC) gave back most of the 3.5% gain it saw on Monday, closing at USD 16.00.

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