Local blue chips were mixed on Thursday (Oct 9) in line with the main
European indices, while US markets continued their week of bizarre volatile
swings; after its biggest 1-day rise of the year on Wednesday, the S&P 500
gave it all back and more yesterday with a 2.1% loss. The UX index slipped 0.3%
to close at 1052 points. DonbasEnergo (DOEN) shed 1.8% to UAH 28.60 and volume
leader UkrNafta (UNAF) was down 2.6% on reported turnover of UAH 1.7mn ahead of
today’s shareholder meeting in Kyiv. On the upside, beaten-down Alchevsk Steel
(ALMK), which had fallen 13% in the previous 2 sessions, rebounded by 3.9%, and
CentrEnergo (CEEN) picked up 0.8%. In second-tier issues, DTEK-controlled
DniproEnergo (DNEN) continued to bid up sharply, jumping 18% to UAH 920; the
issue had been languishing down around UAH 200 as recently as early summer, and
is by the far the best-performing UX stock in 2014. In London, the misery
continued for Ferrexpo (FXPO) as it slid another 3.1% to GBp 92, while
lower-liquidity name Avangard (AVGR) lost 2.6% to USD 7.50. 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
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