Comments and pre-market: Eavex Ukraine Market Monitor: Nov 7

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Thursday, 7 November 2013

Eavex Ukraine Market Monitor: Nov 7

Eavex Capital

Kyiv-listed stocks were marginally higher on Wednesday (Nov 6), with 9 of 10 blue chips posting gains limited to less than 1%. Externally, European shares were flat, while the main US indices rallied further into record-high territory as Twitter staged a successful IPO that valued the company at USD 14bn. The UX index inched up 0.3% to close at 872 points. Among the top liquid names, Raiffeisen Aval (BAVL) was the top performer with a rise of 0.6% and Motor Sich (MSICH) moved up in line with the index to UAH 1587. Outside the UX basket, Stirol (STIR) picked up 1.7% to UAH 13.40. In London, Ferrexpo (FXPO LN) rallied by 3.6%, closing at its highest level in more than 7 months after an intraday rise above GBp 200. Meanwhile, MHP (MHPC LI) and Regal Petroleum (RPT LN) edged down by 1.4% and 1.7% respectively.

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