Locally-listed Ukrainian stocks rose on Wednesday (Apr 1) on the news that Ukraine and Russia have extended their “winter gas deal” into the summer, until Jun 30. The UX index gained 1.3% to close at 1035 points. Heavyweight issues CentrEnergo (CEEN) and Motor Sich (MSICH) added 2.4% and 1.5% respectively, with the latter ending at UAH 2595 per share. Ukrainian oil giant UkrNafta (UNAF) climbed 2.5% but was unable to get back above the UAH 300 level. On the downside, DonbasEnergo (DOEN) lost 1.8% to UAH 22.50 after it complained about a lack of payment for its electricity from government wholesale operator EnergoRynok; the payment cutoff is related the seizure of the company’s main power plant by pro-Russian separatists. In second division stocks, UkrSotsBank (USCB) gained 3.2% to 11.20 kopecks. London-listed Ferrexpo (FXPO) retreated by 2.8% while poultry producer MHP (MHP) advanced by 8.9% to USD 10.25, breaking out of its 3-month trading range. In Warsaw Kernel (KER) and Milkiland (MLK) rebounded by 3.5% and 1.4% respectively after losses a day earlier.Fixed IncomeUkrainian sovereigns were up on Wednesday with Ukraine-23s improving by 0.8p.p. to 41.0/42.0 (24.7%/24.2%). Corporate names also finished on the positive territory. DTEK-18s rose by 3.5p.p. to 37.5/40.5 (50.5%/46.8%) and Metinvest-18s grew by 1.5p.p. closing at 43.0/45.0 (46.9%/44.6%).
POLITICS AND ECONOMICS
- Kyiv, Moscow Extend “Winter Gas Deal” Until June 30
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