Monday, 7 October 2013
Eavex Ukraine Market Monitor: October 7
Eavex Capital Ukraine’s equity market was lower on Friday (Oct 4), pulled down by
an 8% loss in UkrSotsBank, which remains up by nearly 50% over the past two
weeks, after an announcement of a special shareholder meeting in early December.
Externally, US shares were higher despite the continuation of the so-called
“government shutdown” into a fourth day, as investors appear to be having a hard
time taking the partisan budgetary bickering seriously. The UX index lost 0.9%
to close at 847 points. DonbasEnergo, which also announced an upcoming EGM, and
Alchevsk Steel shed 1.4% each, while local heavyweights Motor Sich and
CentrEnergo fell 0.8% each, ending at UAH 1586 and UAH 4.98 respectively. On the
upside, Raiffeisen Aval added 0.8% on turnover of UAH 1.1mn. Outside the UX
basket, Bogdan Motors slipped below 3 kopecks with a 9.2% decline. In Frankfurt,
TMM Real Estate edged down 2.7% to EUR 0.401. full report
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