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Analytics and Market news

Wednesday, 22 January 2014

Eavex Ukraine Market Monitor: Jan 22

Eavex Capital
Ukrainian equities ended lower for the second straight session after the anti-government protests in Kiev escalated into fiery street battles. The UX index shed 0.9% to close at 886 points. Heavyweight Motor Sich (MSICH UK) was the worst performing blue chip tumbling 4.6% to UAH 1,830 per share. However, there were also notable gainers among the UX index components. In particular, Azovstal (AZST UK) rose by 4.2% and Avdyivka Coke (AVDK UK) added 3.0%. In the second division, UkrTelecom (UTLM UK) increased by 3.0% after the news about possible changes in the company’s management. In London trading Ukrainian poultry producer MHP (MHPC LI) declined by 1.6% further retreating from the recent local peak. In Warsaw Kernel (KER PW) and Astarta (AST PW) were unchanged while Agroton (AGT PW) inched up by 0.5%.


full report

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