Kyiv-listed stocks finished notably lower on Wednesday (Oct 29) as
initial post-election optimism about a quick formation of a pro-presidential
majority in the next Parliament faded away. It appears that President Poroshenko
and Prime Minister Yatseniuk, whose parties received a combined 44% support in
the national party list voting, are sharply at odds regarding how the new
government will be formed. The UX index lost 2.9% to close at 1104 points.
Recent growth leader Azovstal (AZST) corrected by 4.7% to near 78 kopecks and
index heavyweight Motor Sich (MSICH) shed 3.9%. UkrNafta (UNAF) fell 1.6% after
reporting weak production results for 3Q14. Low-liquidity Avdyivka Coke (AVDK)
was the only blue chip to end in the black, adding 0.7%. In London, MHP (MHPC)
was unchanged while Ferrexpo rose 3.9% to GBp 89.70. Warsaw-listed Kernel (KER)
extended its winning streak to five sessions, picking up 2.0% to PLN 26.50. 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
by email:
Alexander Klymchuk, Head of Sales,
[email protected]
Dmitry
Churin, Head of Research, [email protected]
