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Analytics and Market news

Thursday, 11 February 2016

Eavex Ukraine Market Monitor: Feb 11

Eavex Capital

Kyiv-listed stocks finished lower on Wednesday (Feb 10), weighed down by a tough but expected statement from IMF Managing Director Christine Lagarde that lending to Ukraine will remain under question without a substantial effort to fight corruption inside the governing power structures. The UX index declined by 0.8%, finishing at 620 points. Azovstal (AZST) was once again the worst performing blue chip, sliding 4.0% to 28.70 kopecks. Among other losers, Yenakievo Steel (ENMZ) dropped 1.8% to UAH 12.77 per share. On the upside, CentrEnergo (CEEN) and DonbasEnergo (DOEN edged up by 0.3% and 1.4% respectively. On the interbank currency market, the hryvnia slipped 0.5% to bid/ask of 25.94/26.03 UAH/USD. In London trading, poultry producer MHP (MHPC) jumped 10.3% to get back to the USD 8 level. In Warsaw, sporadically-traded crop grower Agroton (AGT) surged 22% to PLN 1.05 and Kernel (KER) picked up 0.8% to PLN 44.50.

full report


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Please contact our office in Kyiv at 380-44-590-5454, or by email:
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Dmitry Churin, Head of Research, [email protected]




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