Kyiv-listed stocks ended higher on Tuesday (May 5) despite reports about a rise in violations of the Donbass ceasefire at the hotspot of Shirokyne near Mariupol. A meeting of the “Trilateral Contact Group” of representatives of Ukraine, the DNR/LNR separatists, and the OSCE is supposed to take place today in Minsk to discuss the situation. The UX index climbed 0.7% to close at 1084 points. Raiffeisen Aval (BAVL) moved back to the 10-kopeck level, adding 1.1% for the session. CentrEnergo (CEEN) increased by 0.8% to UAH 8.33 per share while volume leader Motor Sich (MSICH) retreated by half a percent on turnover of UAH 1.5mn. In London trading, Ferrexpo (FXPO) gained 2.3% to GBp 79.25 and JKX Oil&Gas (JKX) picked up 1.7% to GBp 30 on the nose. Warsaw-listed Agroton (AGT) continue to trend lower, slipping 0.9% to PLN 1.09 after the company unveiled a large net loss for FY14.
Fixed Income
Ukrainian sovereigns were flat on Tuesday with Ukraine-23s finished unchanged at 47.0/48.5 (21.8%/21.2%). Corporate names were also predominantly flat with the exception being Avangardco-15s which rose by 1.0p.p. and closed at 49.0/53.0 (237.2%/203.6%).
FIXED INCOME
- Metinvest to Propose New Restructuring Offer; 1Q Crude Steel Output Down 39% YoY
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