Ukraine’s equity market saw some substantial gains on Tuesday (Aug
11) despite a flare-up of fighting in the Donbass at a new hotspot north of
Mariupol. We suppose that the recent attacks by pro-Russian separatists could be
just a kind of media show aimed at keeping the conflict in headlines. Local
traders ignored the military news flow, pulling the UX index up by 1.4% to 983
points. All 10 index components finished in the black, with low-liquidity
Avdyivka Coke (AVDK) leading the growth on an advance of 8.1% to UAH 1.10 per
share. Index heavyweights Motor Sich (MSICH) and CentrEnergo (CEEN) rose 1.7%
and 0.9% respectively, with the former closing at UAH 2687. In the banking
sector, Raiffeisen Aval (BAVL) added 3.0% to 9 kopecks on the nose. In London,
Ferrexpo (FXPO) edged up 0.4% to GBp 63, while MHP (MHPC) continue to decline,
losing 3.2% to close at USD 9.05. Warsaw-listed Agroton (AGT) shed 1.6% to PLN
1.22 while Astarta (AST) climbed 0.7% to PLN 34.50. full reportEavex Capital welcomes any questions or comments you may have regarding our
research products.
Please contact our office in Kyiv at 380-44-590-5454, or
by email:
Alexander Klymchuk, Head of Sales,
[email protected]
Dmitry
Churin, Head of Research, [email protected]
