Kyiv-listed
stocks finished firmly higher on Wednesday (Oct 1) amid reports that the output
of the country’s steelmakers rebounded by 10% MoM in September after August’s
awful results. The UX index rose by 1.9% to close at 1097 points. All
steel-related names rallied, with Azovstal (AZST) jumping 5.3% to 69 kopecks and
Alchevsk Steel (ALMK) advancing by 4.8%. The index basket’s heaviest-weighted
components, Motor Sich (MSICH) and CentrEnergo (CEEN), added 1.2% and 2.5%
respectively. Newly-promoted blue chip Krukiv Wagon (KVBZ) underperformed the
broad market with a gain of 0.4%. In London, JKX Oil&Gas (JKX) retreated
from the GBp 50 resistance level, falling 2.6% to GBp 47.00, and Ferrexpo (FXPO)
continued to get hammered, sliding 6.4% to near GBp 105, bringing its loss for
the past month to nearly 20%. Warsaw-listed Ukrainian names looked somewhat
better, with Kernel (KER) edging down by 0.6% and Astarta (AST) picking up 0.5%
.
full reportEavex Capital welcomes any questions or comments you may have regarding our
research products.
Please contact our office in Kyiv at 380-44-590-5454, or
by email:
Alexander Klymchuk, Head of Sales,
[email protected]
Dmitry
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