Market commentThe UX Index was down by 2.3% on Tuesday, and down by 5.9% in the US dollar terms, while the PFTS index was down by 1.6% in UAH terms. All ten companies in the UX index were down in UAH terms, with the largest decrease in prices observed for Kryukiv carriage (-11.2%), Enakievo MP (-3.6%) and Avdiivka coke (-2.5%).
In London, Ferrexpo declined by 5.9%, while Avangard and MHP added 8.0% and 3.3%, accordingly. JKX Oil&Gas and Cadogan both fell by 0.6%, while Regal Petroleum added 2.3%. In Warsaw, Astarta appreciated by 4.0%, while IMC fell by 2.0%, Kernel declined by 2.9%, Milkiland slid by 0.6%, and Ovostar traded flat. Serinus declined by 2.0%, while Toronto-listed Cub Energy dropped by 20.8% on low volume. In Paris, Agrogeneration improved by 1.3%.
On the interbank exchange market, the USD/UAH spot rate was up by 3.9% to 21.55 (mid price) on Tuesday according to Bloomberg. The official exchange rate reported by the NBU was 21.42.
Ukraine 5-year CDS were flat on Tuesday.
Market news- Ukraine will place USD 1 bn in 5-year Eurobonds under the US guarantees
- Ukreximbank secured the preliminary agreement of its note holders on its debt restructuring terms
- MHP’s revenue down 22% y/y, EBITDA up 16% y/y in 1Q2015
Ukraine Markets Daily report (May 27, 2015)
