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Analytics and Market news

Wednesday, 11 March 2015

Eavex Ukraine Market Monitor: Mar 11

Eavex Capital

Kyiv-listed stocks finished lower on Tuesday (Mar 10), moving in line with generally negative sentiments on the main global bourses. The UX index lost 1.8% to close 1087 points despite wide expectations that the IMF’s executive board will approve a new financial assistance program for Ukraine at a meeting later today (Mar 11) in Washington. Avdyivka Coke (AVDK) was the only blue chip gainer for the session, adding 0.5% to UAH 1.41. The country’s largest oil producer UkrNafta (UNAF) lost 2.6% to close at UAH 310, as global crude prices slipped back from their local highs yesterday. Electricity generator CentrEnergo (CEEN) marginally outperformed the broad market, declining by 0.9% amid news that the company’s Vuglegorsk power plant is bringing three overhauled power units back on line. London-listed Avangard (AVGR) rose by 3.8% to USD 2.75 per share while MHP (MHPC) was unchanged at USD 9.05. In Warsaw trading, Agroton (AGT) and Kernel (KER) each declined by 2.3%, ending at PLN 1.26 and PLN 31.60 respectively.

full report


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