EAVEX Weekly
Ukraine’s locally-listed stocks started the week mixed on Monday (Apr 27), although a pair of better-than-expected corporate reports for 1Q15 provided some positive sentiments to the market. The UX index inched up by 0.3% to close at 1068 points. Motor Sich (MSICH) added 0.8% in its 4th straight winning session; the company reported a solid net profit of UAH 1.0bn in 1Q15. UkrNafta (UNAF) advanced by 2.7% to UAH 268 per share on news that the company earned some UAH 2bn in 1Q15 despite an unresolved situation with the government regarding last year’s increase in the hydrcarbons production tax. On the downside, CentrEnergo (CEEN) and Azovstal (AZST) fell by 1.2% and 2.6% respectively on profit-taking after their notable appreciation over the last week. In less liquid UX index components, Avdyivka Coke (AVDK) advanced by 3.6% to UAH 1.44 and Krukiv Wagon (KVBZ) picked up 2.3% to close at UAH 11.50. In London trading, Ferrexpo (FXPO) rose 3.8% to another new local maximum at GBp 74.50, wh
