Kyiv-listed
stocks were hammered by aggressive short players on Tuesday (Oct 6), with news
that pro-Russian separatists in eastern Ukraine postponed their elections
according to Kyiv’s demands appearing to negatively affect the market. The UX
index slid 3.6% to close at 850 points. Motor Sich (MSICH) took most points off
the gauge, tumbling 7.0% to UAH 2230 per share. Raiffeisen Aval (BAVL) was also
hit hard, slumping 5.0% to 7.20 kopecks, while CentrEnergo (CEEN) edged down
0.8% to UAH 5.47 and UkrNafta (UNAF) lost 2.0%, ending at UAH 238. On the
currency front, the hryvnia weakened by 0.3% to close at bid/ask of 21.25/21.32
UAH/USD. In London trading, Ferrexpo (FXPO) climbed 1.3% to GBp 37.75 while
troubled issue Avangard (AVGR) plunged 30% from its last listed price to 55
cents. Warsaw-listed Kernel (KER) was the day’s big winner, adding 4.3% to PLN
46.00.
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]
