Locally-listed stocks were mixed on Thursday (Feb 11), with the UX
index inching down by 0.2% to close at 619 points. Market players continue to
focus on political developments in the country, but there were no additional
clues yesterday about whether the Ukrainian authorities will manage to persuade
the IMF that all promised reforms are still on track. This environment further
depresses activity on the domestic stock market, and has increased turbulence on
the currency and money markets. The hryvnia failed to defend the 26 UAH/USD
level on Thursday slipping another 5 kopecks (0.2%) against the dollar on the
interbank market. Among local blue chip stocks, Azovstal (AZST) rebounded by
4.5% to 30 kopecks on the nose after steep losses earlier in the week. UkrNafta
(UNAF) edged down 0.5% to UAH 150 and CentrEnergo (CEEN) shed 1.2% to UAH 4.33
on reports that the company’s power stations need significant modernization. In
London, where equities were sharply lower for the second day this week, Ferrexpo
(FXPO) lost 3.5% to GBp 19.50 and Avangard (AVGR) slid 6.3% to 75 cents.
Warsaw-listed Kernel (KER) decreased by 2.0% to PLN 43.50 while Astarta (AST)
picked up 3.5% to PLN 29.00.
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