Kyiv-listed stocks rose on Monday (Sept 7) with the UX index adding
0.9% to close at 989 points. From a chart point of view, the indicator has been
in a local upward trend since Aug 26. However, a strong resistance level at 1000
points could become a hard barrier for the gauge. Among particular blue chips,
Motor Sich (MSICH) advanced by 1.5% to UAH 2675 and UkrNafta (UNAF) gained 1.6%
to UAH 273 per share. On the downside, CentrEnergo (CEEN) shed 0.2% to UAH 7.37
after confirmation that the company won’t be privatized this year; the State
Property Fund said it would be too risky to sell a controlling stake in
CentrEnergo during the heating season amid elevated capacity load at thermal
power plants. On the interbank currency market, the hryvnia lost about half
percent to close at bid/ask of 22.08/22.23 UAH/USD. In London trading, Ferrexpo
(FXPO) ended unchanged at GBp 58.75 while shell egg producer Avangard (AVGR)
plummeted 24% to a stunning new minimum of just 34 cents. Warsaw-listed Kernel
(KER) rose 2.7% to PLN 44.00 and Milkiland (MLK) edged up 1.0% to PLN 1.02.
full reportEavex Capital welcomes any questions or comments you may have regarding our
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Please contact our office in Kyiv at 380-44-590-5454, or
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