Kyiv-listed stocks finished mostly lower on Friday (Nov 28) with technical signals once again dominating the trading direction. The UX index briefly plunged to 940 points before recovering back to 970 by the end of the session, a drop of just 0.2% compared to the previous day’s close. Domestic oil producer UkrNafta was the loss leader among blue chips, falling 3.4% to UAH 216 per share amid sliding global oil prices. In the steel sector, low-liquidity blue chips Avdyivka Coke and Alchevsk Steel fell by 3.2% and 4.4% respectively after both stocks were put on a watch list for exclusion from the UX index basket. CentrEnergo and DonbasEnergo both edged down by half a percent, while Motor Sich provided some support to the local market with its advance of 2.8% to UAH 2086. In London, Avangard picked up 3.2% after publishing its 3Q14 financial results; the company’s poor numbers had previously been priced in by the market. Ferrexpo fell below GBp 70 for the first time since early 2009, losing 2.8% to GBp 68.40 as the iron ore pricing outlook remains weak. In Warsaw, beaten-down Astarta rebounded by 26% to end at PLN 19.40, and Kernel gained 5.6% to PLN 29.15. Fixed IncomeUkrainian sovereigns finished a very bad week with a marginal drop on Friday. Ukraine-23s edged down 0.3p.p. to close at 72.5/74.5 (13.0%/12.5%). In corporates, MHP-20s inched up 0.2p.p. to 80.5/82.2 (13.5%/13.0%) while UkrlandFarming-18s declined by 1.3p.p,., finishing at 51.8/51.8 (37.4%/37.4%).
STOCKS IN THE NEWS
- Avangard Posts Heavy Net Loss in 3Q14, EBITDA Down 58%
full report
Eavex 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]
