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Analytics and Market news

Tuesday, 14 January 2014

Eavex Ukraine Market Monitor: Jan 14

Eavex Capital
Most Kyiv-listed blue chips were higher on Monday, with the local market outpacing the moderate gains seen in the main European and Asian indices. The UX index rose by 1.5% to end at 909 points. Financial names Raiffeisen Aval (BAVL) and UkrSotsBank (USCB) appreciated by 4.0% and 4.4% respectively, and hot issue Motor Sich (MSICH) kept its foot on the gas pedal, closing above UAH 1900 for the first time since July on a 2.5% pickup. The major exception to the day’s upward trend was Avdyivka Coke (AVDK), which slumped another 2.2% to UAH 2.77, its lowest level since November 2012. Outside the UX basket, Yasynivsky Coke (YASK) added 3.2% on above-average reported volume of UAH 580,000. In London, MHP (MHPC) and Regal Petroleum (RPT) posted respective declines of 2.2% and 3.6%, while Ferrexpo (FXPO) edged up by 0.8%.
    
full report


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