Comments and pre-market: Eavex Ukraine Market Monitor: October 9

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Wednesday, 9 October 2013

Eavex Ukraine Market Monitor: October 9

Eavex Capital

Locally-listed Ukrainian stocks were mixed on Tuesday (Oct 8), as global sentiments continued to be driven by uncertainty over the situation with the US debt limit. The limit needs to be raised by Oct 17 to avoid a partial default on US government obligations. The UX index finished unchanged at 839 points. Raiffeisen Aval (BAVL) saw the day’s only really notable move, dropping 2.6% to 8.81 kopecks, while volume leader Motor Sich (MSICH) edged up 0.8% on turnover of UAH 4.1mn. In Warsaw, Coal Energy (CLE PW) gained a solid 8.3% to PLN 2.86 and Astarta (AST PW) rose 4.4% on light volume. In London, Ferrexpo (FXPO LN) and MHP (MHPC LI) slipped by 2.1% and 1.6% respectively, with the latter closing at USD 15.00, while JKX Oil & Gas (JKX LN) added 3% for a second consecutive session.

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