Kyiv-listed stocks ended firmly higher on Monday (Dec 22) despite the
country’s long-term sovereign credit rating being cut by S&P from CCC to
CCC-, putting it nine steps below investment grade. The UX index rose by 0.9% to
close at 1011 points. UkrNafta (UNAF) continued to rebound from its local
bottom, advancing 4.3% to UAH 215. Meanwhile, heavyweight CentrEnergo (CEEN) and
Azovstal (AZST) underperformed the broad market, edging up by a moderate 0.3%
each. Volume leader Motor Sich (MSICH) added 1.0% on turnover of UAH 2.6mn,
ending at UAH 2300 on the nose. Outside the UX basket, iron ore producer
Centralny GOK (CGOK) lost 3.6%. In London, Avangard (AVGR) remained under
pressure, edging down 2.1% after Friday’s 20% plunge, while MHP (MHPC) picked up
1.1% to USD 9.40. Warsaw-listed Ukrainian names finished mixed, with agro
flagship Kernel (KER) rising 3.4% to PLN 30.40 while Astarta (AST) lost 1.0% to
PLN 17.37.
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
by email:
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