Ukrainian equities listed in Kyiv were marginally higher on Monday (Dec 28) with the UX index inching up 0.1% to 667 points. Trading activity was subdued ahead on New Year holidays. Among economic news for the day, there was information that price for Russian gas deliveries to Ukraine may be set at around USD 230 per 1,000 cubic meters in 1Q16 compare to USD 248 per 1,000 cubic meters for 4Q15. Quotes for UkrNafta (UNAF) edged up 0.3% to UAH 172 per share after Prime Minister Arseniy Yatseniuk has warned the company’s CEO Mark Rollins that UkrNafta had to pay dividends. Yatseniuk said that the non-fulfillment of the liability that Rollins personally signed, when he was appointed to the post, will entail his dismissal and fines. In the second tier stocks, DniproEnergo (DNEN) advanced 12% to UAH 300. On the interbank currency market, the hryvnia unexpectedly lost 2.9% against the dollar to close at bid/ask of 23.85/23.98 UAH/USD.
Fixed Income
Ukrainian sovereign bonds were sluggish on Monday with both Ukraine-19s and Ukraine-27s finishing unchanged at 93.3/94.0 (10.0%/9.7%) and 86.8/87.5 (9.7%/9.5%), respectively. In the corporate universe, MHP-20s inched up by 0.1p.p. to 86.9/88.2 (12.3%/11.9%) while Ferrexpo-19s dropped by 0.4p.p. closing at 54.7/59.0 (34.5%/31.2%).
POLITICS AND ECONOMICS
- Ukraine Attracts EUR 400mn from EIB for Agro Sector Projects
STOCKS IN THE NEWS
- Kernel To Crush Additional 250,000 Tonnes of Seeds Via Tolling Agreement
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