EAVEX Weekly

June 15, 2015
 

Ukrainian stocks listed in Kyiv finished lower on Friday (Jun 12) despite a firm gain in the first half of the trading session. The UX index lost 1.5% to close 1009 points. We suspect that high volatility could be attributed to expiration of the UX futures contracts later today, an event occurs every three months. In particular blue-chip stocks, the steepest losses were in low-liquidity Krukiv Wagon (KVBZ), which tumbled 9.6% to UAH 9.55 per share. Heavyweights Motor Sich (MSICH) and CentrEnergo (CEEN) declined by 0.6% and 0.8% respectively, while UkrNafta (UNAF) dropped 2.2% to end at UAH 266. In London, Ukrainian stocks were mixed, with Ferrexpo (FXPO) slipping 1.3% to GBp 74 while JKX Oil&Gas (JKX) advanced by 6.1% to GBp 30.50. Warsaw-listed Kernel (KER) picked up 2.7% to PLN 38.00.