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Analytics and Market news

Monday, 7 September 2015

Eavex Ukraine Market Monitor: Sept 7

Eavex Capital

Ukraine’s equity market finished marginally in the black on Friday (Sept 4), demonstrating a third straight session of tentative growth. The UX index inched up 0.2% to close at 980 points. Heavyweights Motor Sich (MSICH) and CentrEnergo (CEEN) each added about half a percent, with the former ending at UAH 2636 per share, and UkrNafta (UNAF) rose 1.2% to USD 269. Meanwhile Azovstal (AZST) slipped 0.4% on minimal trading turnover. On the interbank currency market, the hryvnia was little-changed against the dollar, closing at bid/ask of 22.00/22.10. The hryvnia received some support from the NBU’s announcement that certain capital control measures have been extended for another three months. In London trading, Ferrexpo (FXPO) retreated by 2.4% after a notable rise the previous day. Warsaw-listed Kernel (KER) edged down 1.0% to close at PLN 42.80. Astarta (AST) gained 1.5% but remained below the PLN 30 level.

full report


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