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Analytics and Market news

Thursday, 27 March 2014

Eavex Ukraine Market Monitor: Mar 27

Eavex Capital

Kyiv-listed equities were mixed on Wednesday (Mar 26), reflecting the situation on global markets, which saw a second day of strong gains in Europe while US shares were substantially lower. In local political news, a new multi-agency poll confirmed the recent trend of a sharp rise in the rating pro-EU oligarch Petro Poroshenko at the expense of previous front-runner Vitaliy Klitschko, as the campaign for the May 25 vote appears to finally be getting under way. The UX index inched down by 0.2%, with Yenakievo Steel the biggest mover on a 2.7% gain and Raiffeisen Aval also picking up 2.5%. On the downside, top liquid issue Motor Sich slid 2.1% to UAH 1684 and Avdyivka Coke shed 1.9%. Outside the UX basket, DniproEnergo moved up 5.0% to UAH 375. In London, Ferrexpo added a solid 4.8% on active volume of nearly GBP 3mn, while MHP and Regal Petroleum declined by 2.3% and 4.5% respectively, with the latter ending at GBp 10.50. 

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