Kyiv-listed stocks fell again on Thursday (Sept 18) after the release of data showing a 20% plunge in industrial production in August worsened local market sentiments, even as the S&P 500 and DJIA pressed to new all-time highs in New York. The UX index turned south in afternoon trading, closing at 1044 points, which represents the benchmark’s lowest USD-denominated level since the 2009 crisis period. Index heavyweights Motor Sich (MSICH) and CentrEnergo (CEEN) lost 1.9% and 1.0% respectively. Beaten-down Avdyivka Coke (AVDK) managed to advance by 3.2% to UAH 2.30, while UkrNafta inched up 0.2%. Ukrainian names traded in London were mostly lower, with MHP (MHPC) declining by 0.9% and JKX Oil&Gas (JKX) slipping 0.6% to GBp 43.75. The Warsaw-listed issues, Agroton (AGT) and Kernel (KER), saw moderate changes; the former gained 1.5% while the latter edged down by 1.1%.
Fixed Income
Ukrainian sovereigns were higher on Thursday with Ukraine-23s improving by 0.8p.p. to 83.6/85.1 (10.4%/10.1%). The corporate universe was mixed. DTEK-15s rose by 3.5p.p. to 73.0/77.0 (72.6%/60.7%) while MHP-20s inched down by 0.1p.p. closing at 85.0/86.9 (12.0%/11.5%).
Politics and economics
Poroshenko Asks Washington for Special Non-NATO Security Status
Ukraine’s Industrial Production Suffers Free-Fall of 21% YoY in August
Stocks in the News
Avdyivka Coke Resumes Its Operations
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