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Analytics and Market news

Friday, 16 January 2015

Eavex Ukraine Market Monitor: Jan 16

Eavex Capital
Ukrainian equities finished generally lower on Thursday (Jan 15) amid more turbulence on the interbank currency market related to the dollar’s sharp run-up against the euro, and the hryvnia fell further amid limited foreign currency supply. The market UAH/USD exchange rate outside the banking system reached UAH 20.50 per dollar, while the official NBU rate remained at 15.77 UAH/USD. The UX index edged down 0.4% to close at 1053 points. Raiffeisen Aval (BAVL) declined by 1.3% to 9.30 kopecks, while co-volume leaders Motor Sich (MSICH) and CentrEnergo (CEEN) lost 1.0% each on combined turnover of UAH 1.5mn. Meanwhile, Azovstal (AZST) climbed 0.7% and low-liquidity Krukiv Wagon (KVBZ) picked up 1.7% to UAH 12.90. In London it was a down day for both Ferrexpo (FXPO) and Avangard (AVGR) which dropped by 2.8% and 4.8% respectively. Warsaw-listed Kernel (KER) shed 0.5% to PLN 31.95 and Astarta (AST) retreated by 0.9% to PLN 25.80.

full report

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