Ukrainian stocks listed in Kyiv rebounded on Wednesday (Sept 10) to
recover a chunk of their big losses from a day earlier. News from the State
Statistics Committee that it had revised the GDP drop in the country for 2Q14
from -4.7% to -4.6% was viewed as positive, since most analysts had expected the
revision to be to the downside. The UX index advanced by 2.8% to close at 1123
points. Power generators led the growth, with DonbasEnergo (DOEN UK) jumping by
9.6% on short covering purchases and CentrEnergo (CEEN UK) adding 3.4%. Top
liquid issues Motor Sich (MSICH UK) and UkrNafta (UNAF UK) climbed by 1.1% and
0.8% respectively on combined turnover of UAH 4.4mn. Second-tier issue Krukiv
Wagon (KVBZ UK) gained 1.9% while lightly-traded Poltavsky GOK (PGOK) shed 1.2%.
In London it was a quiet session for Ukrainian names, with Ferrexpo (FXPO LN)
declining by 0.8% to GBp 130 and JKX Oil&Gas (JKX LN) edged down by 0.6%.
Warsaw listed Astarta (AST PW) and Agroton (AGT PW) rose by 6.0% and 4.3%
respectively, with the latter finishing at PLN 2.17.
full reportEavex Capital welcomes any questions or comments you may have regarding our
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Please contact our office in Kyiv at 380-44-590-5454, or
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