Market comment
The UX Index was down by 0.1% in UAH terms on Friday, and down by 2.4% in the US dollar terms, while the PFTS index was down by 1.0% in UAH terms. Five out of ten companies in the UX index were down in the UAH terms, with the largest decrease in prices observed for Alchevsk MP (-3.6%), Kryukiv carriage (-2.4%) and Avdiivka coke (-1.6%). Among the top gainers were Enakievo MP (+3.0%) and Motor Sich (+1.5%).
In London, Avangard gained 8.0% while Ferrexpo appreciated by 6.3%; MHP traded flat (in USD terms). Most of the oil&gas companies appreciated during the Friday trading, including JKX Oil&Gas (1.6%), Regal Petroleum (1.6%), Serinus Energy (1.8%), Cadogan Oil (1.6%), Cub Energy (0.5%) with the exception of Misen Energy that lost 8.7%. In Warsaw, the shares of Astarta and IMC fell by 1.0% and 1.4%, accordingly, while Milkiland and Kernel added 1.2% and 0.7%. Ovostar declined by 1.1%.
On the interbank exchange market, the USD/UAH spot rate was up by 2.3% with the closing price of 21.00 (mid price) on Friday according to Bloomberg. The official exchange rate reported by the NBU was 20.59.
Ukraine 5-year CDS were down by 2.7% on Friday.
Market news
- Motor Sich to get orders to supply engines for the new Antonov-178 transport airplane
ESCP Ukraine Markets Daily report (May 11, 2015)
