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Analytics and Market news

Wednesday, 6 November 2013

Eavex Ukraine Market Monitor: Nov 6

Eavex Capital
Ukrainian stocks moved against the global trend for a fourth straight session on Tuesday (Nov 5), this time ending higher while the main indices in the US and Europe edged down, as news of a major natural gas exploration deal between Chevron and the Ukrainian government lifted the local mood. The UX index added 1.3% to close at 869 points. All 10 UX blue chips finished in positive territory, with Motor Sich, UkrNafta, and Alchevsk Steel each posting gains of two-plus percent. DonbasEnergo (+0.8%) led on volume with UAH 5.1mn in deals and CentrEnergo rose 1.5% to UAH 5.06. Outside the UX basket, Stirol jumped 6.6% and closed above the UAH 13 level for the first time in 7 months. In London, Avangard and MHP slipped by 1.5% and 1.7% respectively.

full report


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