Comments and pre-market: Eavex Ukraine Market Monitor: September 24

Ukrainian stocks slumped on Monday (Sept 23), underperforming the losses seen in the major global indices on renewed speculation about the intentions of the US Federal Reserve, after threatening remarks from Russia undercut optimism over the possible signing of Ukraine’s association agreement with the EU in November. The UX index fell 1.6% to close at 828 points, with all 10 blue chips down by at least 1%. Motor Sich (MSICH) saw the heaviest decline, sliding 3.1% to UAH 1682, and Raiffeisen Aval (BAVL) dropped 1.2% on turnover of UAH 1.1mn. Alchevsk Steel (ALMK), Avdyivka Coke (AVDK), and CentrEnergo (CEEN) all moved down in line with the overall index. Outside the UX basket, sporadically-traded Slavutych Brewery (SLAV) jumped 30% from its previously-listed price. In London, Regal Petroleum (RPT LN) continued to show volatility, this time to the upside, adding 8.1% to GBp 16.60.

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Eavex Ukraine Market Monitor: September 24