Kyiv-listed
stocks rebounded on Monday (Sept 22), gaining back some territory from last
week’s miserable performance. Domestic political and military news flow during
the day was surprisingly dry, while external market sentiments were negative
with the main European indices finishing substantially in the red. The UX index
advanced by 3.3% to close at 1078 points. However, a chunk of the benchmark’s
rise came from low-liquidity Avdyivka Coke (AVDK), which surged by 28% on what
appeared to be an anomalous last trade. Top liquid names Motor Sich (MSICH) and
CentrEnergo (CEEN) were firmly higher by 3.8% and 2.3% respectively on combined
turnover of UAH 3.7mn. Raiffeisen Aval (BAVL) underperformed the broad market,
climbing 0.5% to 13.02 kopecks per share. In London, Ukrainian names were lower
with MHP (MHPC) correcting by 2.2% and Avangard (AVGR) inching down by 0.1%. JKX
Oil&Gas (JKX) sold off by 6.0% on the company’s statement about reduction of
its CapEx program in Ukraine. Warsaw-listed Astarta (AST) and KSG Agro (KSG)
rose by 2.0% and 6.4% respectively, with the latter ending at PLN 1.50.
full reportEavex Capital welcomes any questions or comments you may have regarding our
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Please contact our office in Kyiv at 380-44-590-5454, or
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