The UX index edged up by 0.4% on Thursday (Jun 11), supported by bullish external sentiments, as the main European indices rallied for a second session in a row. Local blue chip heavyweights Motor Sich (MSICH) and CentrEnergo (CEEN) rose by 0.8% and 0.6% respectively on combined turnover of UAH 8.3mn, with the former closing at UAH 7.90. In the steel sector, Azovstal (AZST) added 1.2% to finish at 82 kopecks. On the downside, UkrNafta (UNAF) declined 0.6% to UAH 271 per share. In London trading, Ukrainian stocks were broadly lower with Ferrexpo (FXPO) retreating 2.3% to near GBp 75, MHP (MHPC) losing 1.4%, and low-liquidity Avangard (AVGR) sliding 10.3% to USD 1.58. Warsaw-listed Kernel (KER) sold off by 3.0% to close at PLN 37.00.
Fixed Income
Ukrainian sovereigns were lower again on Thursday amid information that the government is aiming for a 40% principal writedown on the country’s outstanding Eurobonds. Benchmark Ukraine-23s lost 2.1p.p. to 54.0/56.0 (18.6%/17.7%). Corporate names continued to see limited action. Ferrexpo-16s inched down by 0.2p.p. to 92.5/95.0 (18.2%/14.6%) while Metinvest-18s increased by 0.5p.p. to 58.0/60.0 (33.9%/32.2%).FIXED INCOME
- Creditor-Owners Provide Mriya with USD 25mn Credit Line
full report
Eavex Capital welcomes any questions or comments you may have
regarding our research products.
Please contact our office in Kyiv at 380-44-590-5454, or by email:
Alexander Klymchuk, Head of Sales, [email protected]
Dmitry Churin, Head of Research, [email protected]
