Kyiv-listed stocks ended mixed on Monday (Feb 16) with the UX index closing essentially unchanged at 1107 points. Market players focused on announced changes to the national budget after the government revised its full year GDP 2015 forecast from -4.3% to -5.5%. The full-year consumer inflation forecast was raised from a ridiculously unrealistic estimate of 13% to a still very optimistic 26%. Among actively traded stocks, Motor Sich (MSICH) retreated by 0.9% to UAH 2872 while UkrNafta (UNAF) rose by 2.1%, climbing back above UAH 300 level for the first time since its ex-rights dividend correction in October. The main blue chip loser was DonbasEnergo (DOEN), which fell 4.4% to UAH 30.50. CentrEnergo (CEEN) edged up 0.6% to UAH 7.44 per share. London traded JKX Oil&Gas advanced by 8.7% on news that the company has filed a suit in the Stockholm Arbitration court seeking repayment of some USD 180 million in rental fees that its Ukrainian subsidiary has paid for production of oil and gas in the country since 2011. Poultry giant MHP (MHPC) saw a notable jump of 6.1% to USD 10.50. In Warsaw, Kernel (KER) was flat while Agroton (AGT) shed 6.0% to PLN 1.42.
Fixed IncomeTrading of Ukrainian sovereigns were negligible on Monday amid holiday in US. Ukraine-23s finished unchanged at 52.5/54.8 (19.3%/18.4%). Corporate names were also flat. MHP-20s and Metinvest-18s finished flat at 92.0/95.0 (54.0%/36.6%) and 37.0/45.0 (53.0%/43.2%) respectively.
STOCKS IN THE NEWS- JKX Files USD 180mn Suit Against Ukraine Over Production Tax- Astarta Unaudited EBITDA Grew by 90% YoY to EUR 116mn in 2014
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