The Ukrainian stock market continued to consolidate around the
psychological level of 1000 points for the UX index on Monday (Dec 29). The
indicator gained 1.0% for the session to close at 1005 points. Traders were
encouraged by the unexpected news that Parliament managed to pass a national
budget bill for 2015 over the weekend. The budget passage should help the
government in tough talks with international creditors, including the IMF, which
is expected to expand its financial aid to Ukraine. In top liquid blue chips,
Motor Sich (MSICH) and UkrNafta (UNAF) rose by 2.2% and 1.0% respectively. In
the electricity sector, CentrEnergo (CEEN) gained just 0.3% despite information
that Russia has unblocked coal deliveries to Ukrainian power plants. The only
loser in the UX basket for the session was Yenakievo Steel (ENMZ), which fell
2.3% to UAH 20.77. In second-tier stocks, Pivnichny GOK (SGOK) added 4.6% to UAH
8.37. In London trading, MHP (MHPC) rebounded by 12.6% to USD 10.30 and Ferrexpo
(FXPO) advanced by 7.6% GBp 53.00. In Warsaw it was a mixed session for
Ukrainian names, with Kernel (KER) declining by 1.4% to PLN 29.20 while Astarta
(AST) added 3.6% to PLN 18.20. 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
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