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Analytics and Market news

Monday, 9 December 2013

Eavex Ukraine Market Monitor: Dec 9

Eavex Capital
Ukraine’s equity market ended unchanged on Friday (Dec 6) in an illiquid session featuring little trading action amid the ongoing political standoff in the country, with the UX index holding at 896 points. Motor Sich (MSICH) saw the only notable movement among blue chips, adding 1.7% to UAH 1577 on optimism that the company may receive some orders from China following President Yanukovych’s visit there last week. Externally, the S&P 500 rallied by more than 1% to snap a 5-session losing streak after strong US jobs numbers and dovish comments on monetary policy from Federal Reserve governor Charles Evans, a voting member on the FOMC, encouraged investors. In London, Avangard (AVGR LI) recovered nearly all of its 5% loss from Thursday’s session, but MHP (MHPC LI) slid another 3.3% to close at USD 15.10.


full report


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