Kyiv-listed
stocks were broadly higher on Tuesday (Feb 24), with the UX index rising by 1.1%
to 1103 points, but the benchmark was again outpaced by the declining
hryvnia/dollar rate. Among major news during the day, pro-Russian separatists
said they had begun pulling artillery and tanks from the front line in eastern
Ukraine under the Feb 12 ceasefire deal. Importantly, fighting has eased along
the Donbass front line in recent days, raising hope that the terms of the
ceasefire will finally go into effect. All 10 UX index components were in the
black yesterday. UkrNafta (UNAF) led the rally, picking up 4.0% to UAH 303 per
share. Motor Sich (MSICH) edged up 0.4% to UAH 2824, showing little response to
the company’s announcement about posting UAH 1.55bn net profit for FY14. In
low-liqudity issues, Krukiv Wagon (KVBZ) added 3.4% to close at UAH 12.16. On
the interbank currency market, the hryvnia devalued further to 33.50 UAH/USD,
while the official NBU exchange rate was set at 28.29 UAH/USD. In London
trading, JKX Oil&Gas (JKX) continue to edge higher, adding 3.5% to GBp
37.25, while MHP (MHPC) declined by 4.5% to USD 9.55. Warsaw-listed Kernel (KER)
lost 2.4%, finishing at PLN 30.25.
full reportEavex Capital welcomes any questions or comments you may have regarding our
research products.
Please contact our office in Kyiv at 380-44-590-5454, or
by email:
Alexander Klymchuk, Head of Sales,
[email protected]
Dmitry
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