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Analytics and Market news

Thursday, 27 November 2014

Eavex Ukraine Market Monitor: Nov 27

Eavex Capital
Kyiv-listed stocks were mixed on Wednesday (Nov 26), with early losses mostly recovered in the afternoon. The UX index inched down by 0.1% to close at 987 points, its 11th trading session in the tight range of a sideways trend. DonbasEnergo (DOEN) edged up 0.6% to UAH 31.80 after reports that the company has reactivated unit #4 at its Starobeshiv thermal power plant. UkrNafta (UNAF) added 0.7% while Raiffeisen Aval (BAVL) shed 0.8% amid ongoing fears regarding the ability of the country’s banking system to withstand the persistent outflow of deposits. In second-tier stocks, there was some action in LuganskTeplovoz (LTPL), which is located on separatist-controlled territory. The stock traded at UAH 1.08 per share, down about 65% from the beginning of 2014 in USD terms. In London, JKX Oil&Gas (JKX) lost 4.3% to GBp 27,75, while MHP (MHPC) added 1.9%. Warsaw-listed Kernel (KER) jumped 9.1% to PLN 26.25 after the company posted solid financial results for the Jul-Sept quarter.   

full report


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