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Analytics and Market news

Tuesday, 1 December 2015

Eavex Ukraine Market Monitor: Dec 1

Eavex Capital
Kyiv-listed stocks finished mixed on Monday (Nov 30) with the UX index edging up 0.3% to close at 716 points. Trading activity on the Ukrainian Exchange was subdued with none of the 10 blue chips showing turnover of more than UAH 1.0mn. UkrNafta (UNAF) lost 1.9% to close at UAH 189 amid signals that the company’s new CEO Mark Rollins is merely a figurehead who will be unable to resolve the corporate conflict at the company. CentrEnergo (CEEN) slipped 1.3% to UAH 4.48 on concerns over coal supplies. On the upside, heavyweight Motor Sich (MSICH) added 2.3% to end just below the psychological level of UAH 2000. In second tier stocks, ZakhidEnergo (ZAEN) advanced 7.0% to UAH 99.5 per share. On the interbank currency market, the hryvnia weakened by 0.7% to close at bid/ask of 23.98/24.08 UAH/USD. London-listed Ferrexpo (FXPO) continued its downward trend, declining by 1.0% to GBp 25.50. Shell egg producer Avangard (AVGR) slumped 13% to USD 1.40 after the company reported 3Q15 results that failed to impress investors at first glance.

full report


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