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Analytics and Market news

Thursday, 26 September 2013

Eavex Ukraine Market Monitor: September 26

Eavex Capital
Kyiv-listed Ukrainian stocks managed to halt their slide on Wednesday (Sept 26), with the local benchmark ending the day unchanged after dipping all the way to the 800-point level shortly after the opening. The UX index finished the day at 812 points after rising gradually throughout the afternoon. Motor Sich, which had been the main drag on the index in the preceding two sessions, stabilized and edged up 0.3%, while DonbasEnergo and Yenakievo Steel added 0.5% and 0.7% respectively. However, Raiffeisen Aval continued to suffer from selling pressure, dropping 1.2% to 8.73 kopecks, and CentrEnergo was lower by 0.7%. Outside the UX basket, there was a solid rise in beaten-down Stirol, which jumped 5.2% to UAH 10.70.

In London, Ferrexpo and MHP posted respective gains of 1.3% and 1.9%.

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