Kyiv-listed stocks finished lower on Thursday (May 21) amid the start of the fourth Eastern Partnership summit, which is however unlikely to hold little in the way of new concessions from the European Union to Ukraine. The UX index continued to trend lower, as it has all this week, falling 1.1% to close at 1024 points. Heavily-weighted Motor Sich (MSICH) provided the main negative contribution to the benchmark’s performance, dropping 3.1% to UAH 2605 per share. Volume leader CentrEnergo (CEEN) edged down by 0.5% on turnover of UAH 700,000, dipping back below the UAH 8 support level. UkrNafta (UNAF) lost 1.1% ending at UAH 269 in a moderate reaction to the latest legal escalation of the conflict between the company’s state and private shareholders. In London trading, Ferrexpo (FXPO) stopped its slide, gaining 1.4% to GBp 72.50. Warsaw-listed Kernel (KER) ended the day little-changed near PLN 37.
Fixed Income
Ukrainian sovereigns were again flat on Thursday with Ukraine-23s closed unchanged at 48.3/49.5 (21.3%/20.8%). Corporate names were slightly up. MHP-20s inched up by 0.1p.p. to 82.8/85.0 (13.1%/12.5%) and Metinvest-18s rose by 1.0p.p. to 56.0/59.0 (35.1%/32.6%).
STOCKS IN THE NEWS
- UkrNafta Corporate Conflict Heats Back UpFIXED INCOME- Metinvest’s Avdyivka Coke Faced Massive Artillery Attack
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