Comments and pre-market: Eavex Ukraine Market Monitor: May 19

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Monday, 19 May 2014

Eavex Ukraine Market Monitor: May 19

Eavex Capital

Kyiv-listed Ukrainian stocks ended mostly higher on Friday (May 16), with the UX index rising 0.7% to close at 1081 points. The largest contribution to the market growth was made by Motor Sich (MSICH UK), which advanced by 3.0% to UAH 1858, bringing its weekly gain to 7.5%. Comments by the company’s CEO Vyacheslav Boguslaev claiming continued normal exports of the company’s engines to Russia were the main positive factor for the stock. Among other blue chips, UkrNafta (UNAF UK) increased by 1.8% while Avdyivka Coke (AVDK UK) shed 0.5%. In the second division, both UkrTelecom (UTLM UK) and Yasynivsky Coke (YASK UK) added about 1.3%. In London trading, MHP (MHPC LI) and Avangard (AVGR LI) declined by 1.4% and 1.6% respectively, while in Warsaw, Industrial milk Company (IMC PW) fell by 6.4% to PLN 8.25 after reporting a net loss for 1Q14.

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