Kyiv-listed
equities continued their tentative recovery for a third consecutive session on
Friday (Aug 28), with the hryvnia’s appreciation and the previous day’s
sovereign debt restructuring deal as the major factors behind the growth. The UX
index added 0.9% to close at 980 points. Electricity stocks outperformed the
market, with CentrEnergo (CEEN) gaining 2.6% to UAH 7.39 and DonbasEnergo (DOEN)
climbing 1.4% to UAH 19.53. Volume leader Motor Sich (MSICH) edged up 0.4% on
turnover of UAH 2.8mn. On the interbank currency market, the hryvnia corrected
back by about 1% to bid/ask of 21.25/21.40 UAH/USD. In London trading, Ferrexpo
(FXPO) advanced by 4.3% to GBp 61.00 while MHP (MHPC) sat unchanged at USD 9.20
despite reporting impressive profits for 2Q15. Warsaw-listed Kernel (KER) and
Astarta (AST) were both solidly higher, gaining 5.4% and 4.8% respectively; the
former finished at PLN 41.10.
full reportEavex 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]
