Kyiv-listed stocks saw some moderate gains on Monday (Feb 15), with
the UX index edging up by 0.5% to 625 points a day ahead of Parliament’s
widely-anticipated vote on the Cabinet’s 2015 performance. Although many people
blame Prime Minister Yatseniuk’s Cabinet for the slow pace of reforms in the
country and the struggling economy, an obvious alternative coalition has not
emerged. Trading volumes on the UX exchange remained subdued. In the steel
sector, Azovstal (AZST) rose 2.0% to 30.30 kopecks and Avdyivka Coke (AVDK)
picked up 3.8% to UAH 1.13 per share. Quotes for Motor Sich (MSICH) rose back
above the UAH 1700 level following a 0.7% gain for the session. In interbank
currency trading, the hryvnia saw a second straight session of strong pressure,
with the market ignoring a report from the State Statistics Committee that
Ukraine had a positive foreign trade balance in full-year 2015 of USD 4.1bn,
which was USD 710mn (21%) more than in FY14. The hryvnia weakened by 1.3% to
close at bid/ask of 26.83/26.95 UAH/USD. In London, MHP (MHPC) slipped 0.7% to
USD 7.45 while Ferrexpo (FXPO) was unchanged at GBp 19.50. Warsaw-listed Kernel
(KER) and Industrial Milk Company (IMC) added 3.2% and 2.2% respectively, with
the latter finishing at PLN 6.13.
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