Kyiv-listed stocks were mixed on Monday (Jan 18) as traders ignored a
report from pollster GfK Ukraine that consumer confidence is starting to improve
in the country. The UX index edged down by 0.3% to close at 658 points, as 6 out
of 10 index components finished in the red. Heavyweight Motor Sich (MSICH0 lost
1.8% to UAH 1924 despite encouraging information that the company is expanding
its power equipment business, unveiling production of a new 8-megawatt mini-gas
power station. The power equipment business line should help the company to
diversify its sales which have historically relied on helicopters engines orders
from Russia. The market’s other machinery sector blue chip, Krukiv Wagon (KVBZ),
added 2.7% to UAH 8 on the nose. In the electricity sector, CentrEnergo (CEEN)
and DonbasEnergo (DOEN) declined by 0.9% and 1.3% respectively. On the interbank
currency market, the hryvnia continue to retreat, falling 1.2% against the
dollar to close at bid/ask of 24.60/24.75 UAH/USD. In London trading, MHP (MHPC)
tumbled by 3.5% to USD 8.00 per share after the company slashed its CapEx
program for the current year. Warsaw-listed stocks were also lower, with Kernel
(KER) falling 3.0% to PLN 44.10.
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