Comments and pre-market: Eavex Ukraine Market Monitor: Nov 28

Kyiv-listed blue chips were mostly lower on Wednesday (Nov 27) on the eve of President Yanukovych’s expected departure to an summit meeting with European Union’s top brass in Lithuania, at which the Ukrainian leader may or may not decide to sign a free trade agreement with the bloc. The UX index slipped 0.9% to close at 927 points. The benchmark was weighed down by UkrSotsBank, which slumped 9.7% to 17.65 kopecks following the passing of the ex-rights date associated with the bank’s Dec 2 special shareholder meeting. Raiffeisen Aval saw some profit-taking after touching an 18-month high on Tuesday, moving down by 1.5%, and Metinvest-controlled Yenakievo Steel lost 1.9%. Volume leader DonbasEnergo finished in positive territory, adding 1.0% on turnover of UAH 1.6mn. In London, Ferrexpo gained 3.1% to near GBp 177 while other top issues were little-changed.

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Eavex Ukraine Market Monitor: Nov 28