The UX index finally snapped a 7-session losing streak on Wednesday (Sept 23), rising 0.7% to 914 points. However, the trading activity on the exchange remained subdued and it is not obvious whether this represented any kind of real stabilization. Among the 10 index components there were 3 decliners, including CentrEnergo (CEEN) which slipped 0.8% to UAH 6.50. On the upside, Motor Sich (MSICH) gained 1.0% to UAH 2582 and UkrNafta (UNAF) edged up 0.5% to UAH 246 per share. On the interbank currency market, the hryvnia strengthened against the dollar by 1.1% to close at bid/ask of 21.40/21.55 UAH/USD. London-listed Ferrexpo (FXPO) bounced back bit further after its massive free-fall during the last Friday and Monday sessions. The stock climbed 7.8% to GBp 34.50.
Fixed Income
Ukrainian sovereigns were up on Wednesday with Ukraine-23s and Ukraine-17s improved by 0.5p.p. and 1.6p.p. to 76.5/78.5 (13.2%/12.7%) and 77.5/78.8 (25.3%/24.3%). Meanwhile, corporate names were down. MHP-20s declined by 0.5p.p. to 86.3/86.3 (12.3%/12.3%) and Ferrexpo-19s dropped by 0.1p.p. to 66.5/69.4 (25.3%/23.6%).
POLITICS AND ECONOMICS
- Ukraine Imposes Debt Moratorium In Frame of Restruc Process
FIXED INCOME
- Avangard Appoints UBS as Solicitation Agent for Its Bonds Resructuring Process
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