Comments and pre-market: Eavex Ukraine Market Monitor: Jul 9

Analytics and Market news

Wednesday, 9 July 2014

Eavex Ukraine Market Monitor: Jul 9

Eavex Capital

Local Ukrainian equity issues were mixed on Tuesday (Jul 8), while the main European indices fell sharply for a second day after IMF chief Christine Lagarde said the institution is considering revision of its economic forecasts. Wall Street also posted losses amid investor caution in regard to the upcoming corporate earnings season. The UX index edged down by 0.3% to close at 1210 points. Among the major liquid names, the biggest mover was UkrNafta, which fell 1.8% to UAH 240, while Raiffeisen Aval and DonbasEnergo were down by 1.0% and 1.2% respectively. On the upside, Motor Sich and CentrEnergo inched higher by less than half a percent each. Outside the UX basket, Khartsysk Pipe dropped 4.5% to 84 kopecks. In Warsaw, agro stocks Milkiland and Astarta saw respective declines of 1.8% and 0.8%, with the former ending at PLN 6.60.

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