Ukrainian equities listed in Kyiv were mixed in low activity on Friday (May 15), demonstrating a lack of direction for the third trading session in a row. The UX index inched down by 0.1% to close at 1063 points, with none of the 10 local blue chips moving by more than 1% in either direction. CentrEnergo (CEEN) and DonbasEnergo (DOEN) provided the main positive traction for the market, gaining 0.9% each, while UkrNafta (UNAF) led the exchange on volume with just UAH 740,000 in deals and retreated by 1.0%. In the steel sector, both Azovstal (ASZT) and Yenakievo Steel (ENMZ) lost 0.5%, with the former closing at 84.50 kopecks per share. In Warsaw trading, top liquid issue Kernel picked up 2.7% to PLN 36.10, and shell egg producer Ovostar (OVO) jumped 8.1% to near PLN 83, reacting to a solid profit posted by the company for 1Q; its sales on export markets grew to 25% of total revenue in the quarter, up from 15% in 1Q14.
Fixed Income
Ukrainian sovereigns were down on Friday with Ukraine-23s dropped by 0.8p.p. to 48.0/50.0 (21.3%/20.8%). Meanwhile, corporate names were up. MHP-20s grew by 0.4p.p. to 82.6/83.9 (13.2%/12.8%) and UkrLandfaming-18s improved by 0.3p.p. finishing at 49.5/51.5 (43.3%/41.3%).
POLITICS AND ECONOMICS
- Ukraine GDP Slumps 18% YoY in 1Q15 on Comparative Base Difference
STOCKS IN THE NEWS
- IMC’s EBITDA Edges Up 5% YoY in 1Q15 Despite Revenue Slide
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