Kyiv-listed stocks finished generally higher on Tuesday (Mar 31), with the UX index climbing by half a percent over the session to close at 1022 points. In particular stocks, Raiffeisen Aval (BAVL) rose 4.8% to 9.80 kopecks amid expectations that the EBRD is planning to purchase a minority stake in the bank from its parent group Raiffeisen International. In the steel sector, Azovstal (AZST) added 3.4% to 79 kopecks. Meanwhile, UkrNafta (UNAF) slid 4.7% to UAH 288 per share after the company said it considers the UAH 3.75bn which NaftoGaz recognized as its debt for natural gas to UkrNafta as heavily underestimated. In second-tier names, DniproEnergo (DNEN) shed 0.9% to close at UAH 555 and ZakhidEnergo (ZAEN) declined by 1.3% to UAH 163. In London trading, shell egg producer Avangard (AVGR) slumped 8.3% to USD 2.75 after the company posted disappointing financial results for FY14. JKX Oil&gas (JKX) fell by 5.4% to USD 30.50. Warsaw-listed issues were notably lower with Kernel (KER) and Astarta (AST) dropping by 2.3% and 4.3% respectively. Fixed IncomeUkrainian sovereigns were down on Tuesday with Ukraine-23s declining by 2.3p.p. to 40.0/41.5 (24.5%/23.7%). Meanwhile, corporate names were slightly up. Metinvest-15s improved by 2.0p.p. to 65.0/70.0 (430.7%/346.1%) and MHP-20s inched up by 0.1p.p. closing at 65.8/67.8 (19.2%/18.4%).
STOCKS IN THE NEWS
- Avangard’s EBITDA Plunged 57% YoY in FY14
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