Kyiv-listed stocks were mixed on Friday (Jan 23), with most issues
that have geographic exposure to the re-escalation of the Donbass war ending
notably lower. Metinvest-controlled steel plants Azovstal (AZST) and Yenakievo
Steel (ENMZ) slid 7.4% and 2.2% respectively, with the latter ending at UAH
19.53. The UX index inched down 0.2% to close at 1019 points after falling back
from an apparent resistance point at 1040 during the session. The main action
for the day came in UkrNafta (UNAF), which rose 4.1% to UAH 244 on news that
Energy Minister Volodymir Demchyshin is moving to change the procedure for
Ukraine’s oil auctions in order to eliminate the discount of Ukrainian oil to
the Brent benchmark. In London trading, Ferrexpo (FXPO) gave back its gains from
Thursday, retreating 5.6% to GBp 58.75, but still closing up 4.0% for the week.
Warsaw-listed Astarta (AST) edged up 0.6% while Kernel (KER) lost 1.6% to PLN
32.50.
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]
