Friday, 13 June 2014
Eavex Ukraine Market Monitor: June 13
Eavex Capital Local Ukrainian equities were mostly higher on Thursday (Jun 12),
although the biggest gainers were low-liquidity names. Externally, the main US
indices corrected substantially and benchmark oil prices jumped as investors
reacted to the stunning turn of events in Iraq, where armed Islamist rebels have
overrun much of the country in the past few days, pushing Ukraine off the front
burner of the geopolitical stage for the first time in many months. The UX index
regained its loss from Wednesday, adding 0.8% to close at 1242 points.
Low-liquidity issues Yenakievo Steel and Avdyivka Coke rose by 4.4% and 2.6%
respectively, while among actively traded blue chips, CentrEnergo was the only
notable mover, picking up 1.9% to UAH 7.45 on turnover of UAH 1.8mn. In London,
Avagard jumped 5.3% to USD 10 on the nose, while in Warsaw, Ovostar and
Milkiland declined by 2.2% and 2.8% respectively, with the latter ending at PLN
7.35. full report
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