On Monday (Jan
26), Ukraine’s stock market was hit further by the escalation of the fighting in
the Donbass. Comments over the past two days have provided little ground for
optimism that a new ceasefire can be reached. Russian President Putin claimed
that a “NATO legion” is fighting alongside Ukrainian government troops, Interfax
reported. Meanwhile, US President Obama said Washington is “deeply concerned”
about the latest break in the ceasefire and the aggression that “these
separatists — with Russian backing, Russian equipment, Russian financing,
Russian training and Russian troops — are conducting”. The UX index fell 1.2% to
close at 1007 points. Electricity blue chips underperformed the broad market,
with CentrEnergo (CEEN) and DonbasEnergo (DOEN) dropping by 1.4% and 2.2%
respectively. Ukraine’s flagship machinery issue Motor Sich (MSICH) declined by
1.3% to UAH 2541 per share. In London, Ukrainian names were also lower, with
Ferrexpo (FXPO) sliding 3.0% to GBp 57.00 and Avangard (AVGR) shedding 0.5% to
USD 1.90. Warsaw-listed Kernel (KER) and Astarta (AST) were down by 3.9% and
4.4% respectively, with the former ending at PLN 31.20.
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]
