Market comment
The UX Index was up by 0.6% on Wednesday, and up by 2.4% in the US dollar terms, while the PFTS index was up by 0.3% in UAH terms. Nine out of ten companies in the UX index were up in UAH terms, with the largest increase in prices observed for Enakievo MP (3.3%), Azovsteel (2.0%) and Alchevsk MP (1.4%).
In London, Ferrexpo slid by 0.1%, while MHP and Avangard were unchanged. JKX Oil&Gas grew by 0.3% while Cadogan Oil added 1.8%. In Warsaw, Ovostar declined by 2.5% in USD terms, followed by Kernel (-1.2%) , IMC (-1.0%) and Astarta (-0.4%), while Milkiland added 1.8%. Serinus grew by 0.4%, while Cub Energy traded flat. In Stockholm, Misen Energy added 10.5%, albeit on low volumes.
On the interbank exchange market, the USD/UAH spot rate was down by 1.8% with the closing price of 20.75 (mid price) on Wednesday according to Bloomberg. The official exchange rate reported by the NBU was 20.81.
Ukraine 5-year CDS were up by 0.9% on Wednesday.
Market news
- Solvent Ukrainian banks recorded a net profit of UAH 1.9 bn while households’ deposits increased by 0.4% m/m in April 2015
Ukraine Markets Daily report (May 21, 2015)
