Kyiv-listed stocks ended mixed on Tuesday (Dec 8) despite spending
most of the trading session in positive territory. The UX index closed
essentially unchanged at 700 points. However, the most actively traded issues
were in the red, with Motor Sich (MSICH) retreating 0.8% to UAH 1980 and
UkrNafta (UNAF) edging down 0.6% to UAH 178 per share. Low-liquidity blue chips
supported the benchmark, with Alchevsk Steel (ALMK) and DonbasEnergo (DOEN)
adding 2.7% and 1.9% respectively. On the currency front, the hryvnia continue
to strengthen on expectations that the country’s state budget will be more or
less balanced in 2016 and that consumer inflation will slow to below 15% after
this year’s 45%. The hryvnia gained 1.3% against the dollar on the interbank
market to close at bid/ask of 22.85/23.00 UAH/USD. In London trading, Ferrexpo
(FXPO) took a 10.8% hammering to GBp 22.75 as iron ore prices sank, while Regal
Petroleum (RPT) rose 13.7% to GBp 4.26. In Warsaw, Astarta (AST) and Agroton
(AGT) were down by 0.3% and 3.0% respectively, while top liquid issue Kernel
(KER) jumped 5.0% to PLN 45.30.
full reportEavex Capital welcomes any questions or comments you may have regarding our
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Please contact our office in Kyiv at 380-44-590-5454, or
by email:
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[email protected]
Dmitry
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