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Analytics and Market news

Tuesday, 24 June 2014

Eavex Ukraine Market Monitor: June 24

Eavex Capital

Most locally-listed Ukrainian stocks ended in positive territory on Monday (Jun 23) in another low-energy session that saw several blue chips register turnover of less than UAH 100,000, while European shares were substantially lower in Frankfurt and Paris and the main US indices traded nearly flat. The UX index gained 0.9% to close at 1226 points, led by Alchevsk Steel’s pickup of 2.5% and Avdyivka Coke’s rise of 1.0% to UAH 3.31. Motor Sich was the only blue chip to see substantial volume, appreciating by 0.9% on UAH 4.4mn in deals. Outside the UX basket, it was a good day for shares of struggling railcar maker Krukiv Wagon, which rose 3.9% to UAH 18.80. In London, Ferrexpo rebounded off its nearly-5-year low by 2.0% to near GBp 125, while Avangard regained almost of its 10% loss from Friday, indicating the weak liquidity of the issue. In Warsaw, top agro name Kernel was up 2.0% to above PLN 34.

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