Kyiv-listed
stocks finished mixed on Friday (Sept 26) with the UX index inching up by 0.1%
to 1090 points. The day’s most important news appeared only after the market
close, with reports that Russia’s Gazprom is demanding a USD 2.0bn debt
repayment from Naftogaz as a precondition for resumption of natural gas
deliveries to the country; the total amount of Naftogaz’s debt to Gazprom is
currently the subject of a court dispute in Stockholm Arbitrage. Overall, it
appears that this latest round of Ukraine-Russia gas talks brought little
progress. Among actively traded stocks, UkrNafta (UNAF) rose by 1.4% to UAH 327
while Motor Sich (MSICH) and CentrEnergo (CEEN) declined by 0.8% and 0.1%
respectively. London-listed MHP (MHPC) picked up 1.7% while the lower-liquidity
stock of Avangard (AVGR) were unchanged close to USD 8.00. In Warsaw, dairy
product maker Milkiland (MLK) slid by 6.1% after the company said it is seeking
restructuring for a USD 100mn syndicated loan facility. In Frankfurt, Mriya shed
3.3% to EUR 1.45.
full reportEavex Capital welcomes any questions or comments you may have regarding our
research products.
Please contact our office in Kyiv at 380-44-590-5454, or
by email:
Alexander Klymchuk, Head of Sales,
[email protected]
Dmitry
Churin, Head of Research, [email protected]
