EAVEX Weekly
December 15, 2015
The UX index sold off heavily into new all-time low territory (the index’s history began in March 2009) on Monday (Dec 14), sliding 2.4% to end at 677 points one day prior to the expiration of the domestic futures contracts, an event that occurs every three months. Raiffeisen Aval (BAVL) was the only stock among 10 blue chips to end in the black, picking up 2.5%. On the downside, Motor Sich (MSICH) shed 1.2% to UAH 1957 per share, while in the steel sector, Yenakievo Steel (ENMZ) slumped 9.3% to UAH 14.50 and Azovstal (AZST) fell 3.0% to 38.30 kopecks.
