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Analytics and Market news

Thursday, 3 April 2014

Eavex Ukraine Market Monitor: Apr 3

Eavex Capital

Wednesday (Apr 2) was relatively quiet for Kyiv-listed stocks after two previous sessions of strong gains to open the week, although the local benchmark was still volatile enough to trade both higher and lower by 1% intraday before ending down by a single tick (one-tenth of a percent) at 1076 points. Meanwhile, the S&P 500 edged further into all-time high territory on a 0.3% gain that put it within easy striking distance of the 1900 level. Ukraine’s blue chips were mixed, with Raiffeisen Aval correcting by 2.2% after jumping 17% on Monday and Tuesday thanks to dividend rumors. Yenakievo Steel was also in the loss column, giving up 1.4%, while on the upside, UkrNafta picked up a further 2.1% and Azovstal added 1.6% to 73.90 kopecks. Top liquid issues Motor Sich and CentrEnergo both finished nearly unchanged. In Warsaw, agro issues Ovostar and Milkiland appreciated by 2.3% and 8.7% respectively, with the former ending at PLN 76.75.

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