The
Ukrainian stock market ended lower on Tuesday (Dec 9) as news about a delay in
the new round of Donbass peace talks in Minsk provided negative sentiment to
traders. The talks aimed at firming up the much-violated truce agreement signed
three months ago now are scheduled for Thursday (Dec 11). The UX index lost 2.0%
to close at 958 points. Among the most actively traded names, UkrNafta (UNAF)
continued to fall after reports that the government is going to prolong its
“temporary” increase in the production tax for oil&gas extractors. The stock
slid 6.0% to UAH 193. Heavyweights Motor Sich (MSICH) and CentrEnergo (CEEN)
declined by 1.8% and 0.3% respectively on combined turnover of UAH 1.8mn. In
banking issues, Raiffeisen Aval (BAVL) edged down by 0.5%, slipping back below
the 10-kopeck level for the first time since early 2014, back before the hryvnia
devaluation. In London, Avangard (AVGR) rebounded by 15.7% to USD 4.50 after
sliding sharply over most of the past two months. Ferrexpo (FXPO) also finished
in the black, rising 2.9% to GBp 66.20. Warsaw-listed Kernel (KER) slipped below
PLN 30 level, edging down by 1.7% to PLN 29.50, and Astarta (AST) shed 0.3% to
PLN 18.49.
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]
