Kyiv-listed
stocks ended lower on Tuesday (Mar 3) to snap a five-session winning streak,
although USD-denominated valuations got a big boost from the strengthening of
the hryvnia by some 10% against the dollar yesterday to 25.00 UAH/USD. The NBU
raised its key interest rate from 19.5% to 30.0% in what we suppose is a
temporary measure to support the domestic currency. The UX index fell 1.9% to
close at 1114 points. UkrNafta (UNAF) lost 3.4% to UAH 320 per share after news
that Parliament adopted an increase in the production tax for the company.
Electricity blue chip CentrEnergo (CEEN) dropped by 2.5%, dipping back below the
UAH 8.00 level, and DonbasEnergo (DOEN) shed 0.7%. Outside the UX basket,
Yasynivsky Coke (YASK) gave up 5.0% to end near 35 kopecks. In London trading,
Ferrexpo (FXPO) declined by 2.3% to GBp 64.00, while Warsaw-listed shell egg
producer Ovostar (OVO) rose 2.8% to PLN 69.90 after reporting its preliminary
financial results for FY14.
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]
