Kyiv-listed stocks finished mixed after a rather volatile trading week, finally ending a month-long run of nearly uninterrupted gains. In a positive development, however, the European Parliament’s Committee on Civil Liberties, Justice and Home Affairs has voted to include Ukraine in a list of countries for which the EU will introduce a visa-free regime. The motion could be approved by the European Parliament as early as this week, after which it will be reviewed by the EU Council. A visa-free regime before the end of this year would be a big political win for President Poroshenko, and would notably improve the Ukrainian small and medium business presence on the EU market. The UX index closed at 810 points on Friday (Sept 30), 0.5% lower than a week earlier despite flirting with 840-point level at midweek. The main movement among the index’s 5 blue chips was observed in UkrNafta, which saw a sharp rise to UAH 137 without any particular news driver, before falling back to UAH 122, a 3% loss for the week. Nevertheless, a jump in global oil prices after OPEC agreed to a production cut was a good signal for UkrNafta, Ukraine’s largest oil producer. Motor Sich (MSICH) added 0.4% to climb back above the UAH 1900 level. In London trading, beaten-down shell egg producer Avangard (AVGR) gained 57% to USD 0.75 while Ferrexpo (FXPO) corrected by 8.9% to GBp 74.25 after a big rally seen a week earlier. In Warsaw, Kernel (KER) lost 6.1% to PLN 59.12 and Agroton (AGT) slid 9.7% to PLN 3.16. On the interbank currency market, the hryvnia defended the 26.00 UAH/USD level, remaining essentially unchanged over the week.
POLITICS AND ECONOMICS
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-NATO Endorses Ukraine’s Anticorruption Effort
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