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Analytics and Market news

Wednesday, 25 December 2013

Eavex Ukraine Market Monitor: Dec 25

Eavex Capital

Kyiv-listed Ukrainian stocks were mostly lower on Tuesday (Dec 24), although a high last deal in Motor Sich kept the UX index from falling substantially. Even in a half day of trading ahead of the Christmas holiday, the main US indices were able to push further into all-time high territory on continued Federal Reserve monetary stimulus and bullish economic expectations for 2014. Locally, the UX index edged down by 0.3% to end at 895 points. Among particular stocks, Azovstal and Alchevsk Steel lost 2.2% and 1.3% respectively. In the second division, quotes for beaten-down Krukiv Wagon remained depressed on uncertainties about whether the company could successfully return on the Russian freight railcar market next year. In London, Avangard added 1.7% while MHP closed unchanged at USD 17 on the nose.     

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