Ukrainian stocks listed in Kyiv finally saw a rebound from their long slide on Wednesday (Sept 30), with the UX benchmark advancing by 2.4% to 872 points. All 10 index components were in the black. Rebounds on the main European bourses helped provide some optimism to local traders. In the steel sector, Azovstal (AZST) gained 3.5% to close at 74 kopecks and Yenakievo Steel (ENMZ) added 4.5% to UAH 17.00. Low-liquidity Avdyivka Coke (AVDK) jumped 8.4% to UAH 1.18. Index heavyweights CentrEnergo (CEEN) and Motor Sich (MSICH) rose 1.3% and 2.5% respectively. On the currency front, the hryvnia strengthened by 1.3% against the dollar on the interbank exchange to close at bid/ask of 21.15/21.25 UAH/USD. London-listed Ukrainian names were mixed. Ferrexpo (FXPO) regained its Monday loss with 6.8% rise to GBp 35.50 while Avangard (AVGR) slid 5.9% to 80 cents. In Warsaw trading, Ukrainian stocks followed the overall positive European impulse, with Kernel (KER) and Astarta (AST) picking up 1.0% and 2.2% respectively.
Fixed Income
Ukrainian sovereign Eurobonds were marginally higher on Wednesday, with Ukraine-17s and Ukraine-23s inching up by 0.3p.p. and 0.1p.p. to 79.5/80.4 (25.3%/24.5%) and 80.4/81.4 (12.4%/12.2%), respectively (NOTE: sovereign yields are indicative only, as these bonds will not be redeemed at the listed maturity date). In corporate names Avangard-15s rose 3.0p.p. to 45 cents on the dollar.
FIXED INCOME
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