Equity
Kyiv-listed stocks finished firmly higher on Friday (Sept 12) as market players hustled to close their short positions ahead of the expiration of UX future contracts today (Sept 15), an event which occurs four times per year. The UX index added 1.3% to finish the week at 1125 points. Volume leader UkrNafta (UNAF UK) rose by 1.2% to UAH 319 per share on turnover of UAH 2.0mn. In the power generation sector, DonbasEnergo (DOEN UK) and CentrEnergo (CEEN UK) saw respective gains of 4.3% and 1.3%. London-listed Ukrainian names were mixed, with MHP (MHPC LI) advancing by 2.1% to USD 12.25 while JKX Oil&Gas (JKX LN) slipped 1.1% to GBp 43.50. Warsaw-traded sugar producer Astarta (AST PW) edged up 0.9% to PLN 37.60.
Fixed Income
Ukrainian sovereigns were lower on Friday with Ukraine-23s down by 0.3p.p. closing at 85.7/87.2 (10.0%/9.7%). The corporate universe was mostly up. Metinvest-18s rose by 1.2p.p. to 68.0/71.5 (24.8%/22.6%) and MHP-20s gained by 0.4p.p. finishing at 85.1/87.2 (12.0%/11.4%).
Politics and economics
Ukraine, EU Delay Free Trade Deal Until 2016
Yatseniuk, Turchinov Running Separately from Poroshenko Bloc
FIXED INCOME
DTEK’s Bottom Line Hammered by USD 1.0bn Forex Loss
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