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Analytics and Market news

Friday, 30 May 2014

Eavex Ukraine Market Monitor: May 30

Eavex Capital
Locally-listed Ukrainian stocks ended firmly higher on Thursday (May 29) amid signs of a strengthening of the hryvnia against the major global currencies. The UX index added 1.9% to close at 1237 points. Low-liquidity Yenakievo Steel (ENMZ UK) was the growth leader among blue-chips for the second session in a row, shooting up by 12.9%, and index heavyweight Motor Sich (MSICH UK) climbed above the UAH 2200 level, rising 3.0%. Outside the UX basket, Khartsysk Pipe (HRTR UK) rose by 1.8% to 85 kopecks. In London trading, MHP (MHPC LI) gained 3.0% on news that the company has regained access to the Crimean market. Warsaw-listed  Ukrainian names were mixed yesterday, with Kernel (KER PW) edging up by 0.7% ahead of the release of the company’s financial results for the Jan-Mar quarter, while Agroton (AGT PW) and Astarta (AST PW) declined by 2.9% and 1.0% respectively. 


full report


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