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Analytics and Market news

Friday, 2 October 2015

Eavex Ukraine Market Monitor: Oct 2

Eavex Capital

Kyiv-listed stocks opened the new month mixed on Thursday (Oct 1) after a firm rebound in the final trading session of September. The UX index closed essentially unchanged at 872 points. Among the index components, 6 out of 10 stocks ended in the black. UkrNafta (UNAF) rose 0.7% on news that the company paid out a UAH 200mn dividend to the state for FY14, although there is no information that the company paid the dividend to minority shareholders. Azovstal (AZST) edged up 0.3% while Motor Sich (MSICH) retreated 1.2% to UAH 2385. On the interbank currency market, the hryvnia gained 0.7% to close at bid/ask of 21.00/21.10 UAH/USD, as news about a balance of payment surplus of USD 513mn in August provided some confidence in the national currency. In London, poultry producer MHP (MHPC) fell 2.7% to a new local minimum of USD 8.80 and Ferrexpo (FXPO) slipped 1.4% to GBp 35.00. Warsaw-listed issues were little changed; sporadically-traded Industrial Milk Company (IMC) shed 1.5% to close at PLN 5.20.

full report


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