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Analytics and Market news

Tuesday, 12 May 2015

Eavex Ukraine Market Monitor: May 12

Eavex Capital

Kyiv-listed stocks finished mixed on Friday (May 8) heading into the second of three holiday weekends this month. The UX index inched down by 0.1%, closing at 1069 points. Volume leader Motor Sich (MSICH) gained 1.4% on news that Saudi Arabia and Ukraine’s Antonov aircraft company are working on a deal to build cargo planes together, which could potentially bring a large order for Motor Sich’s engines. Other traded UX index components saw limited action, with UkrNafta (UNAF) finishing unchanged at UAH 272 despite this week’s gain in global oil prices. In London and Warsaw, where markets were open on Monday (May 11), Ferrexpo (FXPO) edged lower by half a percent to GBp 78, while low-liquidity issue Regal Petroleum slumped 19.8% to GBp 3.80. Astarta (AST) slipped 1.6% to PLN 25.70 and Kernel was little-changed just below PLN 36.


full report



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