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Analytics and Market news

Monday, 9 February 2015

Eavex Ukraine Market Monitor: Feb 9

Eavex Capital

Ukrainian stocks moved sharply higher on Friday (Feb 6) afternoon on investors’ optimism that the leaders of Germany and France might be able to persuade the Kremlin to accept a peace plan for Ukraine during a weekend visit to Moscow. The UX index advanced by 3.7% to close at 1055 points. UkrNafta (UNAF), Raiffeisen Bank Aval (BAVL) and CentrEnergo (CEEN) each jumped by 5%, while beaten-down Avdyivka Coke (AVDK) lost another 3.7% to close at UAH 1.12 per share. Volume leader Motor Sich (MSICH) added 4.2% to UAH 2730 on turnover of UAH 2.4mn. In London, JKX Oil&Gas (JKX) continued its run-up, soaring 25% to GBp 28.75 on rumors of an impending acquisition by Russia’s Proxima Capital Group, and Ferrexpo (FXPO) edged up by 1.9% to near GBp 55. Warsaw-listed Astarta (AST) fell 2.2% to PLN 23.85 while Agroton (AGT) gained 3.2% to PLN 1.30.

full report


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