Kyiv-listed
stocks saw limited action on Friday (Apr 3), with all the main bourses in Europe
and the US closed for the Good Friday holiday. The UX index inched down 0.3% to
end at 1045 points. Among negative news impacting the market was information
that the National Bank has estimated a 15% YoY contraction in Ukraine’s economy
in 1Q15. Although the estimated GDP drop was in line with our expectations, some
traders were surprised by the figure. In particular stocks, Azovstal (AZST) and
Motor Sich (MSICH) both retreated by half a percent, with the latter closing at
UAH 2580 per share. Meanwhile, UkrNafta (UNAF) edged up by 0.5% to UAH 308. In
second-tier issues, UkrSotsBank (USCB) added 1.5% to 11 kopecks after the bank
announced a USD 250mn capital injection from its parent UniCredit Group.
Ukrainian names listed in London and Warsaw were untraded due to the
holiday.
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Please contact our office in Kyiv at 380-44-590-5454, or
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