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Analytics and Market news

Friday, 3 July 2015

Eavex Ukraine Market Monitor: Jul 3

Eavex Capital

Ukrainian stocks were mixed on Thursday (Jul 2), with the local market joining international bourses in showing only marginal interest in the financial turmoil in Greece. The UX index inched up 0.2% to close at 1015 points. In the UX basket, 5 stocks rose and 5 stocks declined. Yenakievo Steel (ENMZ) and Azovstal (AZST) added  0.8% and 1.9% respectively, while Raiffeisen Aval (BAVL) retreated 0.5% and DonbasEnergo (DOEN) lost 1.1% to close at UAH 21.60 per share. Market players mostly ignored a decision by the National Electricity Regulatory Commission (NERC) to increase electricity tariffs for industrial users by 5% effective from Jul 1. Electricity tariffs for industrial users in Ukraine are set on a monthly basis. In London trading, Ferrexpo (FXPO) rose 1.5% to GBp 67.50 and Regal Petroleum (RPT) advanced by 5.3% to GBp 5.00. Warsaw-listed Astarta (AST) continued to stay near the PLN 30 level with a gain of 1.8%, while Kernel (KER) shed 0.5% to end at PLN 38.10.     

full report


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