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Analytics and Market news

Wednesday, 24 December 2014

Eavex Ukraine Market Monitor: Dec 24

Eavex Capital

Ukrainian stocks declined on Tuesday (Dec 23) as news that a railway bridge in the city of Mariupol in Donetsk province was damaged by an explosion brought nervous on the market. Police were treating the incident as an act of terrorism from pro-Russia separatists. As a results of the accident a train service in the direction of the seaport has been suspended. The UX index fell by 1.6% to close at 997 points.   Blue chip Azovstal (AZST) and Avdyivka Coke (AVDK) which both located in Donetsk province were under pressure dropping 3.7% and 5.1% respectively. In the most actively traded local stocks, Motor Sich (MSICH) remained unchanged at UAH 2300 per share while UkrNafta (UNAF) and CentrEnergo (CEEN) lost 2.1% and 2.4% respectively. In London trading major Ukrainian names ended mixed with MHP (MHPC) retreating by 2.7% to USD 9.15 while Ferrexpo (FXPO) regaining 2.5% to close at GBp 51.75. Warsaw-listed Kernel (KER) and Agroton (AGT) finished in the red decreasing by 2.1% and 4.8% respectively with the later closed at PLN 1.19.

full report


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