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Analytics and Market news

Monday, 15 February 2016

Eavex Ukraine Market Monitor: Feb 15

Eavex Capital

Kyiv-listed stocks ended mostly higher on Friday (Feb 12) amid a firm rebound on global equity markets. The UX index climbed 0.6% to close at 622 points. CentrEnergo (CEEN) led the growth, advancing 2.9% to UAH 4.46 per share. UkrNafta (UNAF) edged up 0.9% to UAH 152 after the government restored one of the company’s three previously suspended extraction licenses. On the downside, Motor Sich (MSICH) slipped 0.5% to UAH 1696. On the currency market, the hryvnia fell substantially, losing 1.9% against the dollar to bid/ask of 26.35/26.60 UAH/USD in interbank trading. The fall would have been even steeper if not for direct interventions by the NBU, with demand for hard currency on the rise. In London trading, poultry giant MHP (MHPC) slid 6.3% back to USD 7.50. Warsaw-listed Kernel (KER) was little-changed near PLN 44.53 while Astarta (AST) rose 3.4% to PLN 30.00.     

full report


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