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Analytics and Market news

Friday, 21 November 2014

Eavex Ukraine Market Monitor: Nov 21

Eavex Capital
Kyiv-listed stocks were mixed on Thursday (Nov 21), remaining in a tight trading range amid a lack of any significant fresh drivers for the market. The UX index edged down by 0.7% to close at 986 points. Lower-liquidity blue chips DonbasEnergo (DOEN) and Avdyivka Coke (AVDK) rose by 5.3% and 2.4% respectively, while top liquid name Motor Sich (MSICH) declined by 1.2% to UAH 2009 per share despite unconfirmed claims that the company’s engines are still being exported to Russia for installation on civil helicopters and helicopters exported by Russia to other countries. Krukiv Wagon (KVBZ) fell by almost 5% to UAH 11.52 as industrial data for October showed no improvement in railcar output in Ukraine. In London trading, the top Ukrainian names sold off rather harshly, with MHP (MHPC) declining by 0.5% and Ferrexpo (FXPO) down 6.3% to near GBp 71.5 as the global iron ore bear market continues. Warsaw-listed Kernel (KER) and Agroton (AGT) edged higher by 1.6% and 0.7% respectively.  

full report


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




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