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Analytics and Market news

Friday, 6 June 2014

Eavex Ukraine Market Monitor: Jun 6

Eavex Capital
Local Ukrainian blue chips rose on Thursday (Jun 5), although they still looked set to end the week with a minor correction following the previous two weeks’ big gains on optimism about political stability as Kyiv exits the phase of its post-Yanukovich interim government. Externally, it was another good day on Wall Street, with the S&P 500 finishing at another new all-time best of 1940 points and the main European indices also edging higher. The UX index added 1.0% to close at 1208 points. Among the top liquid names, Motor Sich and UkrNafta picked up 1.3% and 1.5% respectively on combined turnover of UAH 6.0mn, while DonbasEnergo and UkrSotsBank were the largest percentage gainers, rising 3.0% and 3.6% respectively on light volume. Outside the UX basket, Yasynivsky Coke was active, appreciating by 3.7% to 66.80 kopecks. London trading saw yet another sluggish day for Ferrexpo, which ended unchanged near GBp 134.


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