Ukrainian stocks listed in Kyiv covered part of previous session losses on Wednesday (May 20) with the UX index climbing 0.6% to 1036 points. The gauge rebound was limited by weak performance of heavyweight Motor Sich (MSICH) which inched down by 0.1% to UAH 2688. On the upside, Azovstal (AZST) rose by 2.0% to 82 kopecks and Raiffeisen Aval (BAVL) added 0.4% to 9.3 kopecks. CentrEnergo (CEEN) was unchanged at a strong support level of UAH 8.00 per share. In the second tier issues, fixed line operator UkrTelecom (UTLM) picked up 2.7% to close at 18 kopecks. In London trading Ferrexpo (FXPO) shed 0.3% ending at GBp 71.50 while MHP (MHPC) was flat at USD 11.95. Warsaw-listed Ukrainian equities were generally higher with Astarta (AST) edging up 0.8% to PLN 24.20.
Fixed Income
Ukrainian sovereigns were flat on Wednesday with Ukraine-23s closed unchanged at 48.3/49.5 (21.3%/20.8%). Corporate names were mixed. MHP-20s improved by 0.3p.p. to 82.6/85.1 (13.2%/12.4%) while UkrlandFarming-18s inched down by 0.1p.p. to 49.2/51.5 (43.6%/41.3%).
POLITICS AND ECONOMICS
- US Provides USD 1.0bn Loan Guarantees to Ukraine
STOCKS IN THE NEWS
- Ferrexpo’s Achieved Pellet Premium Was Flat QoQ in 1Q15
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