EAVEX Weekly

November 06, 2015
 

Domestically-traded Ukrainian equities were broadly lower on Thursday (Nov 5) after international monitors reported a rise in truce violations along front lines with pro-Russian separatists. Both sides have been pulling back weaponry since an expanded ceasefire was declared on Sept 1. The UX index fell 2.0% to close at 774 points. The steel sector stocks were notable losers, with Azovstal (AZST) dropping 5.1% to 54 kopecks and Yenakievo Steel (ENMZ) declining 2.4% to UAH 16.00 per share. Heavyweight CentrEnergo (CEEN) slipped 1.6% to UAH 5.27 and Motor Sich (MSICH) edged down 0.3% to UAH 2023. Meanwhile, the hryvnia gained 1.3% against the dollar on the interbank market to close at bid/ask of 22.65/22.80 UAH/USD after the NBU’s announcement that the country’s foreign reserves rose to USD 13bn in October. London-listed Ferrexpo (FXPO) climbed 1.3% to GBp 32.00 and Avangard (AVGR) advanced by 4.9% to USD 1.29.