Market comment
The UX Index was down marginally by 0.1% on Friday, and down by 2.1% in the US dollar terms, while the PFTS index was down by 0.2% in UAH terms. However, only four out of ten companies in the UX index were down in UAH terms, with the largest decrease in prices observed for Ukrnafta (-1.0%), Azovsteel (-0.5%) and Enakievo MP (-0.4%), while Centrenergo (+0.9%) and DonbassEnergo (+0.9%) were among the top gainers.
In London, Ferrexpo gained 1.3%, while Avangard and MHP traded flat on Friday. In Warsaw, Ovostar was the top gainer adding 9.2% in USD terms, followed by Milkiland (+4.0%) and Kernel (+3.7%), while Serinus dropped by 5.7%. In Paris, AgroGeneration added 2.5%.
Market news
- The Ukrainian Parliament approved the law on term deposits for individuals
- Ovostar’s sales down 11% y/y, EBITDA down 4% y/y in 1Q2015
- Milkiland’s sales down 40% y/y, EBITDA down by 61% y/y in 1Q2015
Ukraine Markets Daily report (May 18, 2015)
