Comments and pre-market: Eavex Ukraine Market Monitor: September 27

Local stocks rallied on Thursday (Sept 26), bouncing back from early-week losses after news that the Ukrainian government is extending a massive UAH 5.47bn revolving credit line to electricity generation blue chip DonbasEnergo to finance an infrastructure upgrade. The UX index added 2.3% to end at 830 points. The DOEN stock, which finished up by 2.8%, was initially the biggest gainer but was overtaken by other issues in the afternoon. UkrSotsBank jumped by 11.2% to above 14 kopecks, representing the biggest move in either direction by any local blue chip since the announcement of DonbasEnergo’s privatization back in July. Long-suffering Alchevsk Steel also picked up a solid 3.7%, while top liquid issues Motor Sich and Raiffeisen Aval both appreciated by 1.1%.

In Warsaw, it was a good day for KSG Agro and Astarta, which posted respective gains of 5.4% and 3.5%; the latter ended at PLN 72.45.

Приложения к материалу:

full report (pdf, 191 Kb)

Analytics and Market news

Eavex Ukraine Market Monitor: September 27