EAVEX Weekly

October 30, 2015

Ukrainian equities were mixed again on Thursday (Oct 29) as the UX index continued to flirt with the 800-point mark. Among notable news for the day, the Russian government (as expected) ignored a deadline to approve Ukraine’s Eurobond restructuring offer for a USD 3bn issue maturing in December. Among 10 blue chips, 3 issues ended higher. Azovstal (AZST) rebounded from its recent slump by 3.1% to 59 kopecks and Raiffeisen Aval (BAVL) added 3.2% to 8.10 kopecks, while DonbasEnergo (DOEN) inched up 0.1% to UAH 18.45. Avdyivka Coke (AVDK) was the worst performer, losing 2.0% to UAH 1.07 despite the company unexpectedly reporting a small net profit for 9M15 instead of a loss. Volume leader Motor Sich (MSICH) slipped half a percent to end at UAH 2012 per share. On the interbank currency market, the hryvnia finished nearly unchanged at 23.00 UAH/USD. London-listed iron ore producer Ferrexpo (FXPO) declined 1.4% to GBp 34.50 and poultry producer MHP (MHPC) edged down 1.1% to UAH 9.15. In Wars