In today's issue you will find the following stories: EquityKyiv-listed stocks ended mostly higher on Monday (Nov 24), although the positive impulse was not strong enough to pull the UX index out of its 9-session sideways trend. The indicator rose by a moderate 0.6% to close at 988 points. Heavyweight Motor Sich (MSICH) added the most points to the gauge, advancing by 1.5% to UAH 2032. In the utility sector, DonbasEnergo (DOEN) climbed by 0.9% while CentrEnergo (CEEN) was nearly unchanged; neither issue appeared to be affected by reports that thermal coal supplies from Russia have been interrupted for unspecified reasons. Krukiv Wagon (KVBZ) picked up 0.9% to UAH 11.80 thanks to news that the Ukrainian national railway operator is considering a new order for the company’s passenger trains. In London, Ferrexpo (FXPO) continued on the downswing, sliding 2.9% to GBp 71.15. Warsaw-listed Ukrainian names were under pressure, with Astarta (AST) slumping 7.5% to PLN 16.92 and low-liquidity Ovostar (OVO) down 2.8%. Distressed Donbass-based issue Agroton (AGT) plunged by a further 12.8% to PLN 1.23 after the company asked its bondholders to postpone by an additional year the payment of 3 semi-annual coupon payments that had previously been delayed to January 2015. Fixed IncomeUkrainian sovereigns sold off rather sharply on Monday, giving back their rebound from the previous week, as Western analysts have expressed increasing dissatisfaction with the Poroshenko regime’s economic reform record. Benchmark Ukraine-23s declined by 2.6p.p. to 75.4/76.9 (12.3%/11.9%) and Ukraine-17s dropped by 1.7p.p., closing at 82.3/83.5 (17.9%/17.2%). Corporate names were largely flat, with only Metinvest-18s showing a notable change; the issue fell 1.0p.p. to finish at 65.0/67.1 (25.3%/24.0%).
POLITICS AND ECONOMICS- Poroshenko: No NATO Referendum for At Least 6 YearsFIXED INCOME- PrivatBank Increasing Charter Capital by UAH 1.6bn
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