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Analytics and Market news

Friday, 28 February 2014

Eavex Ukraine Market Monitor: Feb 28

Eavex Capital
Kyiv-listed equities were mixed on Thursday (Feb 27), with only UkrNafta managing to keep pace with the continuing sharp fall in the value of the hryvnia, which plunged by nearly 10% intraday before recovering to end with a drop of 4% against the dollar. A steadily escalating separatism situation in Crimea continued to stoke political tensions, although Parliament’s approval of the new government lineup provided a stabilizing counter-weight. The hryvnia-denominated UX index ended higher by 0.7% at 1129 points. UkrNafta led the exchange on volume with UAH 3.1mn in deals, and jumped 7.4% to UAH 204. Also higher for the day were Raiffeisen Aval and CentrEnergo, which picked up 2.8% and 2.4% respectively. Other local blue chips were either sluggish or posted minor losses. In London, Ferrexpo and MHP registered respective declines of 2.1% and 2.6%, with the former ending near GBp 164.


full report


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