Ukrainian equities finished mixed on Wednesday (Jan 20) in a highly
volatile trading session amid sharp slides in the main Asian and European stock
indices. Among Ukrainian domestic developments, information appeared that the
revision of the Ukrainian Constitution under the Minsk peace agreement is
unlikely to occur by the end of this month as scheduled. This scenario is in
line with our previous expectations. The changes are supposed to grant the
Donbass industrial regions a special status, but the plan lacks sufficient
support in Parliament. The UX index inched up 0.2% yesterday to close at 650
points. However, heavyweight blue chips Motor Sich (MSICH) and CentrEnergo
(CENN) were both lower, declining by 1.4% and 1.6% respectively. On the upside,
Avdyivka Coke (AVDK) jumped 7.6% to UAH 1.10 and UkrNafta (UNAF) regained 1.8%
to UAH 162 per share. On the interbank currency market, the hryvnia strengthened
by 2.6% to bid/ask 24.45/24.60 UAH/USD after dropping earlier this week.
London-listed Ferrexpo (FXPO) fell 2.9% to GBp 17.00 in line with the FTSE’s
losses. In Warsaw trading, Ukrainian stocks were broadly lower again, with
Kernel (KER) down 2.8% to PLN 42.00 and Astarta (AST) slupming 8.8% to PLN 30 on
the nose. full reportEavex Capital welcomes any questions or comments you may have regarding our
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