Comments and pre-market: Eavex Ukraine Market Monitor: Jul 14

Kyiv-listed Ukrainian stocks edged higher on Friday (Jul 11) as the local benchmark reached its highest level (in UAH terms) since the spring of 2012, while London-listed issues showed little activity in line with the recent low volatility on the main developed-market bourses. The UX index gained 0.5% to finish the week at 1258 points. The largest growth among blue chips was registered in UkrNafta, which rose by 3.0% to near UAH 257 amid speculation that the company could be a candidate for privatization in the coming year. Heavyweight Motor Sich edged up by 0.7% after news that the company has started certification of its own helicopter model which is supposed to be produced in a joint venture with Poland’s PZL Swidnik. Among second tier stocks, UkrTelecom added 2.2% to close at 17.50 kopecks. London-listed MHP and Ferrexpo were both little-changed, while in Warsaw, Milkiland and Astarta saw solid rises of 4.3% and 3.6% respectively.

full report

Analytics and Market news

Eavex Ukraine Market Monitor: Jul 14