Tuesday, 18 February 2014
Eavex Ukraine Market Monitor: Feb 18
Eavex Capital Local Ukrainian equities saw little action to start the week, with
the benchmark UX index inching up by 0.2% to end at 929 points. Externally,
Italian 10-year government bond yields fell to around 3.6%, their lowest level
in 8 years, as strong investor risk appetite fueled an outflow from German bonds
and toward the sovereigns of Eurozone periphery countries including Portugal and
Spain. In Kyiv, Motor Sich continued to rise, adding another 0.7% to UAH 1972,
while UkrNafta edged down 0.6% on turnover of UAH 2.1mn; other blue chip names
were largely inactive. Outside the UX basket, Pivnichny GOK picked up 2.5% to
UAH 8.10 after announcing an increase in its share capital of UAH 118mn. In
London, MHP slid 4.3% to USD 14.10, while in Warsaw, beaten-down issues Kernel
and KSG Agro rose by 3.4% and 4.5% respectively, with the latter ending at PLN
7.95.
full report
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