EAVEX Weekly

February 01, 2016

The UX index enjoyed a solid advance of 3.1% on Friday (Jan 29) to end the month of January at 652 points. Market players covered short positions after a clearly bearish start to the year. The local benchmark still finished down 4.9% for the month, which was nonetheless a bit better than the drop of 6.5% for the MSCI Emerging Markets index. All 10 UX index components were higher on Friday, with low-liquidity Krukiv Wagon (KVBZ) posting the largest gain; the issue jumped 12.7% to UAH 8.68 per share. UkrNafta (UNAF) added 4.1% to UAH 159 and Motor Sich (MSICH) picked up 1.0% to UAH 1784.

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