Locally-listed Ukrainian equities continued to decline on Wednesday (Jul 8), as from a chart point of view, most blue chips are still in a long-term downward trend. The UX index shed 0.5% to close at 993 points. Heavyweight CentrEnergo (CEEN) took most points off the gauge, slipping 1.0% to UAH 7.54, which is slightly below the quotes’ 200-day moving average line. Motor Sich (MSICH) edged down 0.3% to UAH 2700 while UkrNafta (UNAF) climbed 0.5% to UAH 283 per share. In second-tier stocks, the erratic UkrTelecom (UTLM) issue lost 15% from its last listed price to close at 14 kopecks. In London trading, Avangard (AVGR) fell 8,7% to a new all time low of one dollar on the nose. Ferrexpo (FXPO) rose 1.3% to GBp 57.25, finally rebounding after several session of steady decline. Warsaw-listed Kernel (KER) lost 0.7% to PLN 38.50.
Fixed Income
Ukrainian sovereigns were higher on Wednesday with Ukraine-23s up by 0.3p.p. to 53.5/54.8 (19.4%/18.8%). Meanwhile, corporate names were slightly down. MHP-20s and Ferrexpo-19s edged down by 0.1p.p. closing at 80.2/81.7 (14.1%/13.6%) and 84.3/86.2 (16.1%/15.4%), respectively.
POLITICS AND ECONOMICS
- Yatseniuk: OschadBank to Sue Russia for USD 700mn Over Crimea Assets
FIXED INCOME
- UkrEximBank’s Creditors Approve 7-Year Eurobond Extension
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