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Analytics and Market news

Monday, 28 April 2014

Eavex Ukraine Market Monitor: Apr 28

Eavex Capital

Locally-listed equities saw little action on Friday (Apr 25), while the main indices in New York and Frankfurt ended the week on a sour note, selling off rather heavily to break an impressive run of gains on the back of improving macroeconomic data in both Europe and the US. The UX index inched down 0.2% to finish at 1125 points. UkrNafta was the most notable mover with a 3.6% drop to UAH 244, while DonbasEnergo and Alchevsk Steel declined by 1.7% and 3.5% respectively. Avdyivka Coke and Azovstal balanced the losses with their appreciations of about 1.5% each, albeit on low trading volume of UAH 200,000 combined. Outside the UX basket, UkrTelecom was most the active issue, adding 1.0% to 16 kopecks on the nose. In London, Avangard shed 2.8% to USD 8.99. In Warsaw trading, Kernel inched down by 0.2% while Agroton gained 0.6%.

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