Ukraine’s equity market rallied in line with European shares on Thursday (Nov 14), as markets from New York to Hong Kong reveled in the previous day’s comments from incoming US central bank chief Janet Yellen implying that there is no end in sight to ultra-easy US monetary policy. If it lasts, the “Yellen” rally could also be good news for Ukraine’s sovereign financing troubles, as investor risk appetite is likely to be drawn to the high yields offered by emerging market debt. The UX index gained 1.5%, finishing at 900 points on the nose, its best level since the late March reactor fire at electricity generation blue chip CentrEnergo. Heavyweight Raiffeisen Aval picked up 1.9%, closing above 11 kopecks for the first time in 8 months, and Azovstal and DonbasEnergo added 1.6% and 2.7% respectively. In London, Ferrexpo erased its Wednesday drop with a 3.7% rise, and Astarta appreciated by 1.5% to PLN 66.50 in Warsaw.
full report
Eavex Capital welcomes any questions or comments you may have
regarding our research products.
Please contact our office in Kyiv at 380-44-590-5454, or by email:
Alexander Klymchuk, Head of Sales, [email protected]
Dmitry Churin, Head of Research, [email protected]
