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Analytics and Market news

Monday, 13 October 2014

Eavex Ukraine Market Monitor: Oct 13

Eavex Capital

Kyiv-listed stocks were mostly higher on Friday (Oct 10), moving opposite to the selloff on the major European bourses, which saw Germany’s DAX bleed off 2.4% for the day to put the benchmark near bear market territory; in New York, the S&P 500 sits more than 5% off its all-time high reached on Sept 18. The UX index rose by 1.8% to close at 1070 points, thanks mainly to UkrNafta (UNAF), which jumped 18% to UAH 357 after the company announced a per-share dividend of UAH 70, thus acting as a locomotive for the local market. Among other actively traded names for the session, Azovstal (AZST) climbed by 0.9% while Motor Sich (MSICH) edged down by 0.6%. In the steel sector, Yenakievo Steel (ENMZ) rose by 1.0% to UAH 25.50. In London, MHP (MHP) sold off by 4.1% to USD 11.5 amid the wider negative European sentiments. Iron ore producer Ferrexpo (FXPO) continued its slide to a fresh 5-year low near GBp 88 on a drop of 4.5%. Warsaw-listed Astarta (AST) tumbled by 4.3% and Kernel (KER) shed 1.8%.

full report


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Please contact our office in Kyiv at 380-44-590-5454, or by email:
Alexander Klymchuk, Head of Sales, [email protected] 
Dmitry Churin, Head of Research, [email protected]




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