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Analytics and Market news

Thursday, 5 June 2014

Eavex Ukraine Market Monitor: Jun 5

Eavex Capital
The UX index declined by 1.1% on Wednesday (Jun 4), finishing three ticks below the psychological level of 1,200 points. Yenakievo Steel (ENMZ UK) was the only blue chip to end in the black, climbing 0.5%. Meanwhile, other steel-related names were under notable pressure, with Azovstal (AZST UK) and Avdyivka  Coke (AVDK UK) declining by 3.0% and 1.6% respectively. Heavyweight Motor Sich (MSICH UK), still glowing from its recent 36% run-up over 3 weeks, shed a moderate 0.4%. In second-tier names, locomotive producer LuganskTeplovoz (LTPL  UK) lost 6.0% and Yasynivsky Coke (YASK UK) fell 2.1%. London-listed Avangard (AVGR LI) and MHP (MHPC LI) rose by 3.4% and 1.5% respectively, while Ferrexpo (FXPO LN) edged down by  0.9%, and now sits just a single tick above its post-2009 low of GBp 133. In Warsaw trading, Kernel (KER PW) added 1.6% and Astarta (AST PW) increased by 0.6%.

full report


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